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multiple systems per pair/multiple pairs per system? 3 replies

Trading 24 hours per day, 5 days per week 14 replies

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(binned per thread starter’s request) My Way Of Price Level Analy

  • #1,001
  • Jun 25, 2021 3:01am Jun 25, 2021 3:01am
My GOLD and SILVER trade setup.
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10% buy 10% sell 80% waiting
  • #1,002
  • Jun 25, 2021 3:06am Jun 25, 2021 3:06am
Quoting Houtbay
My journey has been up and down, I have tested many systems. One has to create ones own system that one understands and trusts. It’s easier to pull the trigger when one understands why one is doing it.
Very true! Indeed!

But have you wonder why? Is it because you’re scalping the market. Now you may in profits but in the long run you may get burn.

How long can you scalp the market. It is very stressful and spend most of the screentime.. we should not trade like a salve to forex. We suppose to trade more relax and do other stuffs. This is more like a lifestyle of a trader.

You can scalp unless you have a expert advisor to run for you without any emotional.

You need to find your own way of trading and system that really suits your lifestyle.
10% buy 10% sell 80% waiting
  • #1,003
  • Jun 25, 2021 3:17am Jun 25, 2021 3:17am
Today you scalp 10 pips you won. Tomorrow you scalp and lost 10 pips you lost. The next day you scalp 10 pips you lost and then you scalp again you lost 10 pips. Now in total you need to scalp back 20 pips for only breakeven than you start again and again. Than when you lose more you will start to force or revenge trades. Damn so stressful. Might as well let it run give more space for pair to breathe.

No offence or right wrong. Most importantly Do what works for you. This is just my personal view.
10% buy 10% sell 80% waiting
  • #1,004
  • Jun 25, 2021 3:20am Jun 25, 2021 3:20am
I have never seen any of my friends that trade longer than me like a solid 20 - 30 years scalping the market. Do you know today how much they are worth? Damn. lol…

It all takes times and experiences.
10% buy 10% sell 80% waiting
  • #1,005
  • Jun 25, 2021 3:23am Jun 25, 2021 3:23am
I see USD/JPY dropping soon
  • #1,006
  • Jun 25, 2021 3:24am Jun 25, 2021 3:24am
Selling Gbpusd again down
  • #1,007
  • Jun 25, 2021 3:27am Jun 25, 2021 3:27am
Good luck stay safe and have a wonderful weekends to all.
10% buy 10% sell 80% waiting
  • #1,008
  • Jun 25, 2021 3:43am Jun 25, 2021 3:43am
Closed my long trade for GOLD and SILVER and sell trade for CADJPY. Will look for opportunities next week. was indeed a very good week for me

Have a great weekends.
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10% buy 10% sell 80% waiting
  • #1,009
  • Jun 25, 2021 4:24am Jun 25, 2021 4:24am
GOLD - Important high at $1790. Important low at $1770. These are the 2 key levels areas to look at.
10% buy 10% sell 80% waiting
  • #1,010
  • Jun 25, 2021 4:25am Jun 25, 2021 4:25am
Thanks Ron, I am assessing my technique on a different time frame. Many thanks
  • #1,011
  • Jun 25, 2021 4:27am Jun 25, 2021 4:27am
Quoting Houtbay
Thanks Ron, I am assessing my technique on a different time frame. Many thanks
You’re welcome.
10% buy 10% sell 80% waiting
  • #1,012
  • Jun 25, 2021 4:33am Jun 25, 2021 4:33am
I just bought G/U @ 1.39128... aiming for Stops above... 1.39400
  • #1,013
  • Jun 25, 2021 4:36am Jun 25, 2021 4:36am
AUDUSD - Important high at 0.76500.

CADJPY - Important high at 90.400.

EURUSD - Minor Resistance level at 1.19600 - 1.19700. Important high at 1.20050.

GBPAUD - Important high at 1.85170. Important low at 1.82900.

Have a good weekend.

Signing off.
10% buy 10% sell 80% waiting
  • #1,014
  • Jun 25, 2021 4:37am Jun 25, 2021 4:37am
Quoting RickMTB
I just bought G/U @ 1.39128... aiming for Stops above... 1.39400
Nice Rick!
10% buy 10% sell 80% waiting
  • #1,015
  • Jun 25, 2021 4:52am Jun 25, 2021 4:52am
Be careful of GBP moves up.
10% buy 10% sell 80% waiting
  • #1,016
  • Jun 25, 2021 4:54am Jun 25, 2021 4:54am
Gbpaud I sold
  • #1,017
  • Jun 25, 2021 4:55am Jun 25, 2021 4:55am
Quoting TraderR0N
Be careful of GBP moves up.
not looking so good now, I've added a sell...
  • #1,018
  • Jun 25, 2021 5:11am Jun 25, 2021 5:11am
Thanks Ron. Definitely less watching of the screen.
  • #1,019
  • Jun 25, 2021 5:35am Jun 25, 2021 5:35am
Quoting TraderR0N
Remember this point. Jumping or hoping from system to system will only makes you a unsuccessful trader. Why because you do not know what or how you want to trade. Trade according to your own lifestyle knowing which timeframes suits you better than focus on that. Most system / indicators do not suits market changes. Most PRO traders that I know mostly trades on higher timeframes. When you’re trading lower timeframes you’re just challenging the market with excitement. Nothing wrong with that only if you know how to. Please do not out smart the market...
Master Ron, could you walk us through your day as a pro trader? Like do you get up early in the morning to analyze.. do you trade all sessions.. how many hours screentime daily.. do you trade only active pairs (low spread) of any particular sessions or you take any setup you see.. Also, its amazing that you have trades to close everyday when you're trading high timeframe. I'd assume that swing trading high timeframes would mean a longer holding period.
  • #1,020
  • Jun 25, 2021 5:40am Jun 25, 2021 5:40am
Low timeframe is really hard to trade. So many false signals and gotta be glued to the screen.

Problem with high TF is the need to have bigger capital and also you need to wait and take a longer time to know you're wrong?

By then your losses would be huge already and feels like waste of time for nothing.. kinda like long torture haha.
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