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In One Sentence - How Do You Trade?

  • #201
  • Jun 2, 2020 4:14pm Jun 2, 2020 4:14pm
Quoting driven18
I narrowed 26 pairs to 12 and trade certain breakout technique with tight MM... .

BE + 5.
Only 5 pips stop??? . Not for me.. . but I'm much higher frame and turtle patience .

Sentence :

I trade lately 2-3 pairs only - only the biggest because I understand them more ; and all convoluted robbing midnight (or random) spiked pairs - out the window.
Beware of robber banks (RB), bad advisors.
  • #202
  • Jun 2, 2020 4:19pm Jun 2, 2020 4:19pm
Did he mean only 5 pips sl? Btw, trading fewer pairs can be more efficient and it reduces frivolity in trade entry.

KP

Quoting Not-KPMG
{quote} Only 5 pips stop??? . Not for me.. . but I'm much higher frame and turtle patience . Sentence : I trade lately 5 pairs only - only the biggest because I understand them more ; and all convoluted robbing midnight (or random) spiked pairs - out the window.
Do your homework, follow the footprints of smart money
  • #203
  • Jun 2, 2020 4:32pm Jun 2, 2020 4:32pm
Quoting Not-KPMG
{quote} Only 5 pips stop??? . Not for me.. . but I'm much higher frame and turtle patience . Sentence : I trade lately 2-3 pairs only - only the biggest because I understand them more ; and all convoluted robbing midnight (or random) spiked pairs - out the window.
No, you do not understand. I trade breakouts, I go to BE(Break Even) + 5 as soon as possible...that is my niche in the markets...I coin this phraze and you can borrow it:

"if it does not go your way - GO AWAY"

There is always another trade around the corner...
  • #204
  • Jun 2, 2020 4:51pm Jun 2, 2020 4:51pm
A really good principle; adopted by market wizards.

Trade safe and prosper.

KP

Quoting driven18
....I coin this phrase and you can borrow it: "if it does not go your way - GO AWAY"....
Do your homework, follow the footprints of smart money
  • #205
  • Jun 2, 2020 8:08pm Jun 2, 2020 8:08pm
I count waves with the help of Heiken Ashi candles.
Amor Fati--F. Nietzsche
  • #206
  • Jun 3, 2020 12:03am Jun 3, 2020 12:03am
100%. Weekly charts are the key!

Quoting KeenPips
Based on the weekly and monthly time frames in my reckoning. KP {quote}
  • #207
  • Jun 3, 2020 12:32am Jun 3, 2020 12:32am
Trade safe mate.

KP

Quoting jakeparkin
100%. Weekly charts are the key! {quote}
Do your homework, follow the footprints of smart money
  • #208
  • Jun 3, 2020 1:38am Jun 3, 2020 1:38am
Brain + proper understanding of dashboards.

Combining these two helps to silence emotions.
  • #209
  • Jun 3, 2020 5:09am Jun 3, 2020 5:09am
How does this relate to how you trade? In one word, tell us how you trade.

KP

Quoting Ican2020
Brain + proper understanding of dashboards. Combining these two helps to silence emotions.
Do your homework, follow the footprints of smart money
  • #210
  • Jun 3, 2020 12:38pm Jun 3, 2020 12:38pm
I analyze market psychology more than technicals or fundamentals
  • #211
  • Jun 3, 2020 12:59pm Jun 3, 2020 12:59pm
Would market psychology refer to the nature and operations of the market? Any clue?

KP

Quoting FXpertise
I analyze market psychology more than technicals or fundamentals
Do your homework, follow the footprints of smart money
  • #212
  • Jun 3, 2020 1:02pm Jun 3, 2020 1:02pm
Fear vs. Greed - driving trend reversals and trend following respectively.
  • #213
  • Jun 3, 2020 1:18pm Jun 3, 2020 1:18pm
You would be relying on some measurement tools or indicators for this, I believe.

Stay safe, trade safe.

KP

Quoting FXpertise
Fear vs. Greed - driving trend reversals and trend following respectively.
Do your homework, follow the footprints of smart money
  • #214
  • Jun 3, 2020 3:45pm Jun 3, 2020 3:45pm
I buy when everyone is selling, and I sell short when they're buying.
  • #215
  • Jun 3, 2020 4:10pm Jun 3, 2020 4:10pm
That is trading against the herd. Where do you get the market sentiment from, FF or your broker?

KP

Quoting NeilBower
I buy when everyone is selling, and I sell short when they're buying.
Do your homework, follow the footprints of smart money
  • #216
  • Edited 6:42pm Jun 3, 2020 6:26pm | Edited 6:42pm
Patience, together with top-down analyses of markets, is at the heart of how I trade.

KP
Do your homework, follow the footprints of smart money
  • #217
  • Jun 3, 2020 7:24pm Jun 3, 2020 7:24pm
Market always leaves footprints of the big players, don't fight them, you will not win.
It never gets easier, you just get better
  • #218
  • Jun 3, 2020 8:11pm Jun 3, 2020 8:11pm
Very much true; it aligns with an aspect of my trading philosophy: '...follow the footprints of smart money.'

KP

Quoting Shabs19
Market always leaves footprints of the big players, don't fight them, you will not win.
Do your homework, follow the footprints of smart money
  • #219
  • Jun 3, 2020 8:11pm Jun 3, 2020 8:11pm
Quoting Shabs19
Market always leaves footprints of the big players, don't fight them, you will not win.
Shabs and Keen, show us how you join the big players footprint and win!

or this is just wisdom sharing...
  • #220
  • Jun 3, 2020 8:15pm Jun 3, 2020 8:15pm
Thanks for the post mate, but the thread does not demand such information from any contributor.

KP

Quoting driven18
{quote} Show us how you join the big players footprint and win!
Do your homework, follow the footprints of smart money
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