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EURUSD

  • #1,207,321
  • Dec 20, 2021 10:02am Dec 20, 2021 10:02am
LOL
  • #1,207,322
  • Dec 20, 2021 10:11am Dec 20, 2021 10:11am
Quoting Ihlas
LOL
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  • #1,207,323
  • Dec 20, 2021 10:12am Dec 20, 2021 10:12am
Quoting forex-wolf
{quote} Put dislikes, are you afraid of me or what?
I am putting dislikes on your useless posts. Stop stretching idiotic posts and stick to trading.
  • #1,207,324
  • Dec 20, 2021 10:12am Dec 20, 2021 10:12am
Don't waste your time. Learn something. LOL

At least new language
  • #1,207,325
  • Dec 20, 2021 10:26am Dec 20, 2021 10:26am
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Market is always dinamic
  • #1,207,326
  • Dec 20, 2021 11:03am Dec 20, 2021 11:03am
and my view
after exceeding the resistance the possibility to go up to cca 70pips higher
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Trendlines H1,H4, SMC
  • #1,207,327
  • Dec 20, 2021 11:38am Dec 20, 2021 11:38am
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Raised SLs a bit higher. . . .

  • #1,207,328
  • Dec 20, 2021 12:09pm Dec 20, 2021 12:09pm
and now support line... if we break S = down, if not, there is chance to break R
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Trendlines H1,H4, SMC
  • #1,207,329
  • Dec 20, 2021 2:16pm Dec 20, 2021 2:16pm
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either.

Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
  • #1,207,330
  • Dec 20, 2021 2:26pm Dec 20, 2021 2:26pm
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either. Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
you must first fully understand the basics as much as possible.
and only then look for a strategy, a system.
this is just goodadvice.
  • #1,207,331
  • Dec 20, 2021 2:39pm Dec 20, 2021 2:39pm
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent...
That's because there is no such thing as a consistently profitable 'system' or 'method'.

You will never find one. In fact, the whole idea of being consistently profitable is a lie. You will find that most traders lose more trades than they win trades. And yet, some of these traders still manage to be ahead. Being ahead doesn't make you a consistently profitable trader. It just means you have good risk management.

How are these traders ahead if they lose more trades than they win trades?

It all comes down to knowing when to cut your losses and when to allow your winners to run.

I understand your frustration! I have thought about giving up myself, but I am not a quitter. And you shouldn't be a quitter either.

Stop thinking about systems and methods. Instead, think more about risk management, and how to trade a trend. If you only trade in the direction of the trend, and follow good risk management principles, I think you will do better.

If I can guess what your problem is I would say you are probably trying to pick bottoms and tops. Don't do that! Just because you think prices can't possibly go lower, it doesn't mean they won't. Just because you think prices can't possibly go higher, it doesn't mean they won't.

And just because price pulls back, it doesn't mean the trend has come to an end. Let that pullback do its thing, and when it is finished, get onboard and ride the trend. The trend is your friend.
Learn from your mistakes and march on.
  • #1,207,332
  • Dec 20, 2021 2:40pm Dec 20, 2021 2:40pm
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either. Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
Good luck mate, i hope you will do well in other areas. We all have different talents and skills. Some ppl are good at arts, some in sports, some in trading etc. etc.

We just need to try to find the most suitable area for ourselves. If it's not trading for you, don't waste your time. We only live once. It's not worth doing something you don't enjoy.

Best of luck mate.
You have to have an IQ higher than 90 to interact with this user.
  • #1,207,333
  • Dec 20, 2021 2:49pm Dec 20, 2021 2:49pm
is
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either. Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
Man, both last 2 posts are valueble for you . Don't think that 5 years is adequate time to learn all needed for survival in Forex.

Those guys successful in trading have devoted MANY years studying and devoured libraries , that sum up hundreds of years of experience. It is the most demanding proffession in the world .

Become a proffessional. if you don't give up all hobbies and recreation , you won't see the light.

Good luck whatever you decide to do.

  • #1,207,334
  • Dec 20, 2021 2:55pm Dec 20, 2021 2:55pm
Yes, and always see if you want to and can fight.
Not everyone wants to go through a long process (10 years of FXlearning is not uncommon). You don't really have to do that.
People who don't have to fight are often more balanced.
But if you have to fight, you should do it and not run around in a cage like a tiger.
As far as the methodology is concerned, I think that the straight up / down path is not effective, and neither is the short-term trading one.
But there are different opinions Its your coice now.
All the best
  • #1,207,335
  • Dec 20, 2021 2:55pm Dec 20, 2021 2:55pm
j Loon , and you should not loose money while learning to trade. Why trade real money while you are still unprofitable ...???

Who advised you to play with real account...????

  • #1,207,336
  • Dec 20, 2021 3:03pm Dec 20, 2021 3:03pm
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I added another long now , on this late weakness ....... SL at 64 and 55 .

  • #1,207,337
  • Dec 20, 2021 3:07pm Dec 20, 2021 3:07pm
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either. Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
I am serious with this one... think about this quote, it will help you alot.
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Only an idiot knows with certainty to where the market is going.
  • #1,207,338
  • Dec 20, 2021 3:09pm Dec 20, 2021 3:09pm
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either. Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
Quitting is for losers

If people can do it, you can as well
COT: The precious data ignored
  • #1,207,339
  • Dec 20, 2021 3:11pm Dec 20, 2021 3:11pm
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either. Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
Cos you were probably taught to look at all the wrong things...candle patterns, candle shapes, momentum divergences, MA crossovers, fib ratios etc etc.....

....instead of being taught to look in the right places, and defining the 'right place' or a good trade location, is a lot simpler than you may think, but I see hardly anyone doing this.

Here is my trade from today, now closed at 2:1 rr, which is less than original target....cos I nearly always close at less than original target.

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You wouldn't think it by looking at it, but it was a high probability trade.

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Because of it's trade location....I done a simlar one in the US30 last week, posted in the US30 Party thread, which I closed out for 2.4:1, but which I woulda-coulda_shoulda closed out for an 18:1 rr.

But full disclosure, I am only trading with a small account, but doing so profitably....in theory, that could be any sized account..in theory.
  • #1,207,340
  • Dec 20, 2021 3:13pm Dec 20, 2021 3:13pm
Quoting JauntyLoon
Going to have to call it quits on trading. Have spent three frustrating years losing money and can't see a single 'system' or method that is consistent. Haven't seen anything here either. Good luck! If in doubt, don't trade - 99.99% of FX traders lose money. Leave it to the pros!
Try again with as minimum account size as you can. Just two two things:
1. Target 2.5% of your account to TP and 0.05% of your account to SL. Never exceed it unless you know the inside information.
2. Price action and fundamentals are the only two things you'll need to trade. Wait till price reaches a pivot point, see the price is moving where you anticipated.
Take the trade.

Compounding is the answer. Target 1% increase in account per trade or per day.
For $500 account, its just $5.

Try doing my way if you want, I know you'll be back trading forex anyway.
There is no magic indicator or system or pattern. No one knows where it is going.
Take an educated guess and apply proper risk management.

All the best.
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