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Price action at the core = family members' discussion project

  • #681
  • Jan 5, 2021 2:20am Jan 5, 2021 2:20am
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Another session closed all positions. (Me each session 1 position)
Minus 25% - 50% net profit
and shift into different account
with broker????

Every single time???? Every single session????

Is there any EA to do all these transfer?????
  • #682
  • Jan 5, 2021 2:47am Jan 5, 2021 2:47am
Quoting failinforex
{image} Another session closed all positions. (Me each session 1 position) Minus 25% - 50% net profit and shift into different account with broker???? Every single time???? Every single session???? Is there any EA to do all these transfer?????


failinforex,

Naturally if the net profit is too small/not worth shifting then just leave it there. Yes usually I would do it every session. Your broker should be able to give you access to do so. By phone, email or web access I suppose. There might be an EA but I don't use them.

Hope that helps.

Peter
Real Trading is not gambling.
  • #683
  • Jan 5, 2021 6:26am Jan 5, 2021 6:26am
Quoting PeterCaleb
{quote} failinforex, Naturally if the net profit is too small/not worth shifting then just leave it there. Yes usually I would do it every session. Your broker should be able to give you access to do so. By phone, email or web access I suppose. There might be an EA but I don't use them. Hope that helps. Peter
A lot of Brokers do provide wallet so that you can park the money including instant transfer from your trading account.
Practice makes a person perfect
  • #684
  • Jan 5, 2021 4:17pm Jan 5, 2021 4:17pm
Hi,
I thought I might share this with you for the ones which like to scalp.
10 second chart with 4 days data from gbpjpy.
The black arrows come from the 1 and 4 hour chart - today if you were using the 1 minute chart - you would have had one entry in the pressure zone.
On the 10 second chart you could of taken 6 - probably 4 is more realistic.
yesterday I think 2 extra only - the risk is similar as long as you look at targets - It picked yesterdays top - the one minute chart I was using was off.
some brokers allow this short time frame - its useful today were price doesn't move much - momentum on the 1 hour chart was up and the 4 hour was flat after lunch.
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  • #685
  • Jan 5, 2021 9:29pm Jan 5, 2021 9:29pm
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Another session closed all positions.
Minus 25% - 50% net profit
and shift into different account
with broker

DONE
  • #686
  • Jan 5, 2021 9:46pm Jan 5, 2021 9:46pm
Quoting failinforex
{image}{image}Another session closed all positions. Minus 25% - 50% net profit and shift into different account with broker DONE


failinforex,

That's great. So how do you feel about that process? How different to what you were doing/usually do was that for you? What was difficult for you?

Peter
Real Trading is not gambling.
  • #687
  • Jan 5, 2021 9:56pm Jan 5, 2021 9:56pm
Quoting PeterCaleb
{quote} failinforex, That's great. So how do you feel about that process? How different to what you were doing/usually do was that for you? What was difficult for you? Peter
Not known yet.
Just that broker ask - WHY? no reason for doing so .....
  • #688
  • Jan 5, 2021 10:10pm Jan 5, 2021 10:10pm
Quoting failinforex
{quote} Not known yet. Just that broker ask - WHY? no reason for doing so .....
Huh, yes, broker wouldn't like that, because you're putting aside money that they can't try and take, when it's not in the market.
  • #689
  • Jan 6, 2021 2:28am Jan 6, 2021 2:28am
Quoting failinforex
{quote} Not known yet. Just that broker ask - WHY? no reason for doing so .....


failinforex, Most broker platforms will allow you to create sub accounts. From your message I'm not sure if you are simply needing to wait for your other account to be setup. If they are causing problems for you to do this though, I would suggest changing to a better broker.

Peter
Real Trading is not gambling.
  • #690
  • Jan 6, 2021 2:31am Jan 6, 2021 2:31am
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Not the best entry, should have some discipline to camp at 0.25.
Nonetheless, bank in.
  • #691
  • Jan 6, 2021 2:33am Jan 6, 2021 2:33am
The GBPUSD on the rise today ....

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Notice the rise and decline. Rise and decline. Mini-momentum is a great little buddy.

Peter
Real Trading is not gambling.
  • #692
  • Jan 6, 2021 2:35am Jan 6, 2021 2:35am
Quoting PeterCaleb
The GBPUSD on the rise today .... {image} Notice the rise and decline. Rise and decline. Mini-momentum is a great little buddy. Peter
careful
  • #693
  • Jan 6, 2021 2:37am Jan 6, 2021 2:37am
Quoting failinforex
{image}Not the best entry, should have some discipline to camp at 0.25. Nonetheless, bank in.


Just try and anticipate the second and third round of pullback back towards the edge. That's all. Think of those toys that you pull back along the ground to wind them up before letting it go to run off away from you.

Peter
Real Trading is not gambling.
  • #694
  • Jan 6, 2021 6:48am Jan 6, 2021 6:48am
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Today, trade entries are bad.
As I toying with the volume, must work on this one to tally with M5 time frame.
nonetheless, direction is correct.
  • #695
  • Jan 6, 2021 7:13am Jan 6, 2021 7:13am
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Caught another 10.

btw whatever in my chart can be found in FF.
Just got to look for it.
  • #696
  • Jan 6, 2021 7:58am Jan 6, 2021 7:58am
Does anyone think one could trade every single swing that the market takes with 90% accuracy, with just 5-10 points SL?

Please do not use slangs while responding to my question, but you could definitely write what you feel is possible / not possible.
I come from a conservative background, where women are not even allowed to work outside, leave alone working in a field such as Forex which to many is considered as gambling. But I do have some analytical background based on some freelancing work that I have done in the past. And also have spent enough time with my cousin brother studying the markets...So I know what I am asking. Difference in perspectives and opinions are fine, but would expect some basic respect for each other when talking

Also kindly keep things Short and simple. Big paragraphs somehow go above my head ...
  • #697
  • Jan 6, 2021 8:55am Jan 6, 2021 8:55am
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That's it.
  • #698
  • Jan 6, 2021 6:33pm Jan 6, 2021 6:33pm
Quoting failinforex
{image}That's it.


failinforex, Great work. I hope you were able to sort things out with your broker re: sub accounts.

Peter
Real Trading is not gambling.
  • #699
  • Jan 6, 2021 6:39pm Jan 6, 2021 6:39pm
Quoting suchi
Does anyone think one could trade every single swing that the market takes with 90% accuracy, with just 5-10 points SL? Please do not use slangs while responding to my question, but you could definitely write what you feel is possible / not possible. I come from a conservative background, where women are not even allowed to work outside, leave alone working in a field such as Forex which to many is considered as gambling. But I do have some analytical background based on some freelancing work that I have done in the past. And also have spent enough...


suchi,

Speaking for myself, I'm not sure why you wrote this. This thread is full of hints, tips, tricks, structural notes and setups. All you would need to do is put the puzzle pieces together. Can someone trade every swing with high %? In two words - Yes definitely. Is every swing identical? No. You will need to explain your personal definition of '90% accuracy' first, so that I know your background and perspective.

Peter
Real Trading is not gambling.
  • #700
  • Jan 6, 2021 6:47pm Jan 6, 2021 6:47pm
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put the puzzle pieces together
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