The trading environment has become so difficult now | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Who has become rich trading forex? 412 replies

Has trading become harder? 0 replies

FXCM Micro Account Trading Environment Test 172 replies

Trading Psychology: Mistakes in a Trading Environment 32 replies

Liquidity in a high end trading environment 14 replies

Attachments: The trading environment has become so difficult now
Exit Attachments

The trading environment has become so difficult now

  • #1
  • First Post: Edited Jan 27, 2023 6:05pm Jun 16, 2022 11:15am | Edited Jan 27, 2023 6:05pm
000
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #2
  • Jan 16, 2023 8:37am Jan 16, 2023 8:37am
Quoting H13
There's so much disconnect and just insane moves. The moves don't last worth anything and immediately goes against you position. You can't take anything more than a ten pip profit or the market will sense it's at a deficiency and reverse immediately. I think the crypto markets and meme stock trading has destroyed the markets for now....
There certainly is a sense of randomness to the Forex market.
Learn from your mistakes and march on.
  • #3
  • Jan 18, 2023 2:54am Jan 18, 2023 2:54am
Quoting here2there
{quote} There certainly is a sense of randomness to the Forex market.
May seem random, but there are things going on that you guys aren't aware.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #4
  • Jan 18, 2023 4:13pm Jan 18, 2023 4:13pm
Quoting H13
{quote} May seem random, but there are things going on that you guys aren't aware.
If you are referring to sentiment and supply and demand zones, I am very familiar with this. Interestingly, more often than not, so-called supply and demand zones are violated.
Learn from your mistakes and march on.
  • #5
  • Jan 18, 2023 11:08pm Jan 18, 2023 11:08pm
It's getting harder for sure. Two years ago the price looked nicer, better volatility. 5 pips to 10 pips can be got but anymore you need to be ready to hold or ride out drawdowns or take losses against your stop right quick. Is the answer longer timeframes to ride out? Or shorter to capture more trades?

There is a disconnect with fundamentals that's for sure.
  • #6
  • Jan 20, 2023 10:22am Jan 20, 2023 10:22am
Quoting FocusWinReal
It's getting harder for sure. Two years ago the price looked nicer, better volatility. 5 pips to 10 pips can be got but anymore you need to be ready to hold or ride out drawdowns or take losses against your stop right quick. Is the answer longer timeframes to ride out? Or shorter to capture more trades? There is a disconnect with fundamentals that's for sure.
Unfortunately, it has gotten to the point that technical analysis only offers little help in today's Forex market. There is so much chop. Even supply and demand zones are not what they used to be. I'm not sure what is causing this mess, but if you can figure it out, then you will be a step ahead of most traders.
Learn from your mistakes and march on.
  • #7
  • Jan 20, 2023 10:58am Jan 20, 2023 10:58am
Quoting here2there
{quote} If you are referring to sentiment and supply and demand zones, I am very familiar with this. Interestingly, more often than not, so-called supply and demand zones are violated.
Not referring to those kinds of things.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #8
  • Jan 20, 2023 10:59am Jan 20, 2023 10:59am
Quoting FocusWinReal
It's getting harder for sure. Two years ago the price looked nicer, better volatility. 5 pips to 10 pips can be got but anymore you need to be ready to hold or ride out drawdowns or take losses against your stop right quick. Is the answer longer timeframes to ride out? Or shorter to capture more trades? There is a disconnect with fundamentals that's for sure.
Deeper
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #9
  • Jan 20, 2023 11:45am Jan 20, 2023 11:45am
Quoting H13
{quote} Not referring to those kinds of things.
They are probably using AI.
Learn from your mistakes and march on.
  • #10
  • Jan 20, 2023 2:13pm Jan 20, 2023 2:13pm
Yesterday I was looking at cable scratching my head, it was a complete mess.
Attached Image (click to enlarge)
Click to Enlarge Name: CCD115AF-E345-4389-8179-790D6DB55D43.png Size: 15 KB
Meanwhile in the same period took a straightforward trend trade on DAX - strong breakout candle closing below range, sold for 110 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: E87CBABF-195C-4EA9-933E-A50063DCC43C.png Size: 14 KB
Although I would never suggest indices are easy and people really fail at trading for a multitude of reasons, most to do with how they handle losing trades, I do think indices have cleaner trends which does at least make trade management easier. The choppy nature of Forex now makes it harder to perceive failure which breeds indecision, and that is terrible when you must act to preserve capital.
  • #11
  • Jan 20, 2023 3:14pm Jan 20, 2023 3:14pm
Quoting here2there
{quote} Unfortunately, it has gotten to the point that technical analysis only offers little help in today's Forex market.
Ah, yes, because it has been super helpful in the past.
Congratulations ScalaFX for coming out of the closet!
  • #12
  • Jan 20, 2023 4:09pm Jan 20, 2023 4:09pm
Quoting here2there
{quote} They are probably using AI.
Everyone, anyone does and can use an algo. You guys can buy or dev one, it'll probably be shitt but that's besides the point.

Quoting Bainbrito
Yesterday I was looking at cable scratching my head, it was a
Never ceases to amaze me how quick you guys are to reply to anything with a useless chart.

The one thing I see that everyone needs before they think success away from hobby is being honest and realistic with yourselves.

This does not imply its going to happen.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #13
  • Jan 20, 2023 4:20pm Jan 20, 2023 4:20pm
Very rare making 10 pips trades. Mostly SL/TP from 20 to 100 pips.

In backtests noticed that mostly after year 2017 patterns started to behave different. But they are still usable.. As example you can see analysis and live trades of notable numbers strategy.
  • #14
  • Jan 20, 2023 5:11pm Jan 20, 2023 5:11pm
Quoting H13
There's so much disconnect and just insane moves. The moves don't last worth anything and immediately goes against you position. You can't take anything more than a ten pip profit or the market will sense it's at a deficiency and reverse immediately. The greatest lie the devil told was that he doesn't exist.
welcome to forex.
  • #15
  • Jan 20, 2023 5:27pm Jan 20, 2023 5:27pm
Quoting joyny
Very rare making 10 pips trades. Mostly SL/TP from 20 to 100 pips. In backtests noticed that mostly after year 2017 patterns started to behave different. But they are still usable.. As example you can see analysis and live trades of notable numbers strategy.
If you want to talk about your numbers you need to put up a live trade explorer that's not a penny account at the least. It isn't that difficult and you really don't have an excuse. This goes for everyone here giving advice.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #16
  • Jan 20, 2023 5:33pm Jan 20, 2023 5:33pm
Quoting Asw
{quote} welcome to forex.
Been at it for many years already.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #17
  • Jan 20, 2023 5:40pm Jan 20, 2023 5:40pm
Quoting H13
There's so much disconnect and just insane moves. The moves don't last worth anything and immediately goes against you position. You can't take anything more than a ten pip profit or the market will sense it's at a deficiency and reverse immediately. The greatest lie the devil told was that he doesn't exist.
This is interesting, I've been trying to look for correlation between many variable fundamentally/technically and can confirm the disconnection. Even between fundamental factors are disconnected. What makes all this worse are every single one in the market trying to predict what will happen in the future by using past data.
  • #18
  • Jan 20, 2023 6:29pm Jan 20, 2023 6:29pm
Quoting nubcake
{quote} Ah, yes, because it has been super helpful in the past.
Classic comment, love it, it's not what you trade, it's how you trade it (stolen from TRO, aka TooSlow)



Market goes up, market goes down, market goes up, market goes down?

Very hard to follow, depends on your analysis and timeframes IMHO.

Good luck



Attached Image (click to enlarge)
Click to Enlarge Name: 2023-01-21_10-21-16.jpg Size: 326 KB
It takes a lot for me to IGNORE you, but you can try.
  • #19
  • Jan 20, 2023 8:00pm Jan 20, 2023 8:00pm
Quoting nubcake
{quote} Ah, yes, because it has been super helpful in the past.
I get your point. But you should at least admit trends were better years ago than they are today, and were, therefore, easier to trade.
Learn from your mistakes and march on.
  • #20
  • Jan 21, 2023 3:46am Jan 21, 2023 3:46am
Quoting here2there
{quote} I get your point. But you should at least admit trends were better years ago than they are today, and were, therefore, easier to trade.
Price going in one direction? Easier to trade? That's crazy talk!

At that point anything can be an indicator.
Congratulations ScalaFX for coming out of the closet!
0 traders viewing now