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In One Sentence - How Do You Trade?

  • #241
  • Jun 5, 2020 6:10am Jun 5, 2020 6:10am
With sound trading rules, you will know, for example, when to be in the market and when to be on the sidelines.

KP

Quoting KeenPips
Rules based, price action trading will go a long way to fostering consistent trading success. KP {quote}
Do your homework, follow the footprints of smart money
  • #242
  • Jun 5, 2020 7:49am Jun 5, 2020 7:49am
Quoting KeenPips
We all make mistakes and mistakes will come. Perhaps, minimizing mistakes will be a more realistic goal. KP {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: Tomato-tomatocrap_o_32546.jpg Size: 28 KB
It never gets easier, you just get better
  • #243
  • Jun 5, 2020 8:26am Jun 5, 2020 8:26am
Personally I will concentrate on minimizing the mistakes that are proving costly to my trading capital.

KP

Quoting Shabs19
{quote} {image}
Do your homework, follow the footprints of smart money
  • #244
  • Jun 5, 2020 10:15am Jun 5, 2020 10:15am
Quoting KeenPips
Personally I will concentrate on minimizing the mistakes that are proving costly to my trading capital. KP {quote}
What I meant was we are saying the same thing here............................
It never gets easier, you just get better
  • #245
  • Jun 5, 2020 10:27am Jun 5, 2020 10:27am
I know mate; I only emphasize my initial post to focus on dealing with critical mistakes.

Stay safe, trade safe.

KP

Quoting Shabs19
{quote} What I meant was we are saying the same thing here............................
Do your homework, follow the footprints of smart money
  • #246
  • Jun 5, 2020 10:29am Jun 5, 2020 10:29am
KeenPeeps, you asked for it..here is my next wisdom contribution.

Find an edge for you with tight MM, even if it takes you 5 years. Stick to the edge and MM as your edge is always smarter then you.
  • #247
  • Jun 5, 2020 10:42am Jun 5, 2020 10:42am
Thanks mate. Any Forex trader to be consistently successful should develop an edge, and it comes with experience.

Stay safe, trade safe.

KP

Quoting driven18
KeenPeeps, you asked for it..here is my next wisdom contribution. Find an edge for you with tight MM, even if it takes you 5 years. Stick to the edge and MM as your edge is always smarter then you.
Do your homework, follow the footprints of smart money
  • #248
  • Jun 5, 2020 9:41pm Jun 5, 2020 9:41pm
Quoting KeenPips
Thanks mate. Any Forex trader to be consistently successful should develop an edge, and it comes with experience. Stay safe, trade safe. KP {quote}
I wouldn't say an edge is the answer, a Trader should just Specialize in ONLY one successful strategy and never look elsewhere EVER again
Trading thin liquidity at the boundary of the charts
  • #249
  • Edited 11:07pm Jun 5, 2020 10:46pm | Edited 11:07pm
Being a master of such a strategy would give him or her an edge (i.e. a winning advantage) in the market.

KP

Quoting RickM
{quote} I wouldn't say an edge is the answer, a Trader should just Specialize in ONLY one successful strategy and never look elsewhere EVER again
Do your homework, follow the footprints of smart money
  • #250
  • Jun 5, 2020 11:39pm Jun 5, 2020 11:39pm
Quoting KeenPips
Being a master of such a strategy would give him or her an edge (i.e. a winning advantage) in the market. KP {quote}
An edge could cover much ground like trading weekly pivots on multiple markets , a trader who specialise may be one that trades for example pinbars on only one time frame and on only one market.
Trading thin liquidity at the boundary of the charts
  • #251
  • Jun 6, 2020 5:15am Jun 6, 2020 5:15am
Very much true. But whatever you do to give you a winning advantage in the market is my point.

KP


Quoting RickM
{quote} An edge could cover much ground like trading weekly pivots on multiple markets , a trader who specialise may be one that trades for example pinbars on only one time frame and on only one market.
Do your homework, follow the footprints of smart money
  • #252
  • Jun 8, 2020 5:27am Jun 8, 2020 5:27am
Quoting driven18
KeenPeeps, you asked for it..here is my next wisdom contribution. Find an edge for you with tight MM, even if it takes you 5 years. Stick to the edge and MM as your edge is always smarter then you.
Those who knows to trade EMA is enough and that is edge.. There are people who pay a lot for order flow , algorithms, all kind of MP and VSA versions...still losing money, no edge...So if you want to clarify your definition of edge might be helpful to some . To consistent loser MM doesn't help at all, just delay bankruptcy.

This is my opinion , no intention to argue with anyone...
  • #253
  • Jun 8, 2020 5:33am Jun 8, 2020 5:33am
trading: Intention to apply Sam Seiden's approach to supply and demand.
  • #254
  • Jun 8, 2020 6:02am Jun 8, 2020 6:02am
You may want to consider what I posted earlier as my personal opinion, post #251:

Quoting KeenPips
Very much true. But whatever you do to give you a winning advantage in the market is my point. KP {quote}


Stay safe, trade safe.

KP

Quoting YYZ
{quote}...if you want to clarify your definition of edge might be helpful to some...
Do your homework, follow the footprints of smart money
  • #255
  • Jun 8, 2020 7:02am Jun 8, 2020 7:02am
Reading the charts is like learning a new language, you can only master it with practise.
It never gets easier, you just get better
  • #256
  • Jun 8, 2020 7:19am Jun 8, 2020 7:19am
100% in agreement.

KP

Quoting Shabs19
Reading the charts is like learning a new language, you can only master it with practise.
Do your homework, follow the footprints of smart money
  • #257
  • Jun 8, 2020 7:31am Jun 8, 2020 7:31am
Attached Image (click to enlarge)
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It never gets easier, you just get better
  • #258
  • Jun 8, 2020 7:49am Jun 8, 2020 7:49am
Another relevant principle for Forex trading by Albert Einstein is: ‘Everything should be made as simple as possible, but not simpler.’

KP

Quoting Shabs19
{image}
Do your homework, follow the footprints of smart money
  • #259
  • Jun 8, 2020 9:57am Jun 8, 2020 9:57am
Quoting KeenPips
Another relevant principle for Forex trading by Albert Einstein is: ‘Everything should be made as simple as possible, but not simpler.’ KP {quote}
Unfortunately the human condition is to make Life complicated.
It can't be easy - right ?
It never gets easier, you just get better
  • #260
  • Edited 10:28am Jun 8, 2020 10:15am | Edited 10:28am
Making trading simple is a challenge traders have to deal with and it is one reason why I have been developing my skill in structure-based price action trading.

KP

Quoting Shabs19
{quote} Unfortunately the human condition is to make Life complicated. It can't be easy - right ?
Do your homework, follow the footprints of smart money
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