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Trading Forex is Hard

Quoting venividivici
{quote} {image} About to close for about 60 pips.
And it was, initially, about a 3 pip stop loss, right?

Nice RR!
Thanks Veni for all you did/do, I appreciate it a lot man.
No tree, it is said, can grow to heaven unless its roots reach down to hell
Quoting venividivici
{quote} {image} About to close for about 60 pips.
Dear Veni!

my problem is we dont now where will the price turn back at the level, and in this way theoretically this is a very good method to entry at the levels. BUt we dont know the price only touch the current level or break out a little and come back under the level....we dont know the moving, and very hard defend this with the stoplosses.

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what if the price dont only touch the level but make a little breaout before it turn back??
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How can we defend it? thank you
Quoting venividivici
{image} It's always moving in little waves (or legs), no matter how small the last one was...the key is to adapt to the continuous changes.
Sorry i am seeing your charts....and dont understand what is the trigger? Because there are different situation on charts near to the key levels.
What is the trigger? Your result are great what you copied to here! Otherwiese what is your DD? and win rate?and avarage winer and avarage loser?

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sorry for the too much question
What strategy are you trading??
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Someone once told me, that money is made in the middle...but I didnt understand it at first.
Quoting venividivici
{image} {image} Someone once told me, that money is made in the middle...but I didnt understand it at first.
what is your long term result not in dollar in pip?

thank you
  • Post #448
  • Quote
  • Edited at 12:34pm Feb 8, 2022 12:05pm | Edited at 12:34pm
Quoting Tylerz
{quote} what is your long term result not in dollar in pip? thank you
I havent counted, but I aim for about 20 pips a day and I live off trading nothing else.
  • Post #449
  • Quote
  • Edited Feb 9, 2022 2:06am Feb 8, 2022 11:08pm | Edited Feb 9, 2022 2:06am
Quoting venividivici
{image} {image} Someone once told me, that money is made in the middle...but I didnt understand it at first.
someone once said: The majority of traders lose because there is a powerful inherent tendency to trade against momentum in an effort to time the top or the bottom of a price move
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If we are patient, there will be many good setup trading short time frame
Quoting phoenix777
{image}If we are patient, there will be many good setup trading short time frame
couod you share some trade of these trades on your picture...
Quoting Tylerz
{quote} couod you share some trade of these trades on your picture...
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it could be better
Quoting phoenix777
{quote} {image} it could be better
Looks like you nailed it
Quoting venividivici
{quote} Looks like you nailed it
Hi veni,
I can not reply your PM.

I use round number indi from here https://ctrader.com/algos/indicators/show/2764
I attached it twice on the chart.
i put 5 and 50 in step value

Hope it helps
Don't underestimate small pips
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Quoting phoenix777
Don't underestimate small pips {image}
nice !!!

how do you determine sl and profit target?
Quoting Tylerz
{quote} nice !!! how do you determine sl and profit target?
it's hard to explain it.
The key thing is momentum. you only need to follow the flow.

but make sure you pick a trade setup that has high probability, thigh stop loss, and large profit potential
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you see this recently closed trade, i don't know if i will leave money on the table. there is no perfect SL or TP.
Quoting phoenix777
{quote} it's hard to explain it. The key thing is momentum. you only need to follow the flow. but make sure you pick a trade setup that has high probability, thigh stop loss, and large profit potential {image} you see this recently closed trade, i don't know if i will leave money on the table. there is no perfect SL or TP.
sorry this sounds very interesting to me that " follow the flow". i think for that There is no rules what we can follow just the flow.
And in this way is this profitable since long term( 1-2 years)?
Sorry if i misunderstand something.
  • Post #459
  • Quote
  • Edited at 10:51am Feb 18, 2022 10:41am | Edited at 10:51am
Quoting Tylerz
{quote} sorry this sounds very interesting to me that " follow the flow". i think for that There is no rules what we can follow just the flow. And in this way is this profitable since long term( 1-2 years)? Sorry if i misunderstand something.
I am just a student here, so it's better to learn from veni and Jens, i believe they are profitable for more than 2 years.
buy order from recent lows at NY. open...
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"TIME AND PRICE IS ALL THERE IS"
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