Trading Forex is Hard

I saw 7-10 pips easy profit.

-6-5

+5 EG

Daumen hoch.

Yes still alive!

MES/4 tick

ES

PS:
add 1 loser--

How many chances in a day to make money?

How many chances? Plenty. But above all - and this is perhaps worth mentioning - is that if we are looking for short-term reversal patterns, i.e. range-heavy days, we will find them more often if there are uncertainties that can be resolved in both directions in a rewarding way but do not leave any room for secure cover. If many market participants have found a safe haven, we can hardly make money with it, because the search for reversal patterns in such a trend tends to produce too many false positives. If you can't beat them, join them or stay out. Political negotiations or squabbling, on the other hand, are always particularly great times for us. No matter whether it was Brexit or Trump against NAFTA/Canada. It is also interesting to note that we can find such range-heavy days more often after trend-heavy days or generally strong swings in one direction - that is then classic price-finding by market participants who do not agree with each other so they produce worthwhile bets, that means situations where you can spot good entry, profitable exit and nearby loss-cutting exit. All three ingredients for solid risk:reward bets.

It's beautiful to look at.

Spotting the peaks is in a chart is easy.
Managing is the thing.

That´s why I´m so happy with the Futures orderbook/datafeed to confirm.

Here is a good example, just appeared.

Please passby the thread often.. and if you could manage, explain a bit too.. along with the charts.
Thank you!!!!

Basically just ping pong whatever range you're in, sideways or trending, follow it.

The true market red pill: Price almost always returns to the same place, you just need to have the right safety in place for the times it doesn't.

Nearby support/resistance levels are overlooked most times because trades look good, but they are a must before you take any trade.

First spot your setup, and right after that look at any nearby levels that will interfere with it, this is more important and detrimental than you think!, simple example below.


A good looking short trade on the bearish channel


The result from ignoring the nearby level

It will also work in your favour, for example the short could still have been taken and the trade closed out at the nearby level for a profit.

Now you have a robust system that will work on most market days.

- Play the range
- Stick to what's happening on the current range, Is it trending or is it rangebound? and stick to what you see and dont go against that behaviour.
- Watch out for nearby levels that may interrupt the move to your trade. (easier to see them as walls that you may not be able to breakthrough from lol)
- Of course, always use a stop below or above your trades, but not too close, and dont hesitate to close your trade once it stops looking good to you.
- Every other small detail written in this thread that I have forgotten in this post.

FYI if you're getting easily confused some simple horizontal round number lines can easily help you see better.