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The trading environment has become so difficult now

  • #21
  • Jan 21, 2023 4:10am Jan 21, 2023 4:10am
Quoting H13
{quote} 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.
Typically, there should not be liquidity issues when trading 1 lot of a major currency pair. These pairs have deep liquidity, which means that there is a large amount of buying and selling activity taking place, and it should be relatively easy to execute trades of any size between 0.01 and 1 lot. The bid-ask spread is also relatively tight for these pairs, which further indicates the liquidity of the market.

When trading a $100 account with 0.01 lots or a $10,000 account with 1 lot, the risk percentage is the same in both scenarios because the lot size and account size were increased by the same factor (100).

It can be concluded that there are no significant differences in terms of liquidity when trading 1 lot of a major currency pair, regardless of the account size. Both trading 0.01 lots with a $100 account and trading 1 lot with a $10,000 account should have ample liquidity in the market.
  • #22
  • Jan 21, 2023 7:06am Jan 21, 2023 7:06am
Quoting joyny
{quote} Typically, there should not be liquidity issues when trading 1 lot of a major currency pair. These pairs have deep liquidity, which means that there is a large amount of buying and selling activity taking place, and it should be relatively easy to execute trades of any size between 0.01 and 1 lot. The bid-ask spread is also relatively tight for these pairs, which further indicates the liquidity of the market. When trading a $100 account with 0.01 lots or a $10,000 account with 1 lot, the risk percentage is the same in both scenarios because...
Your rambling response is totally irrelevant. Tinkering with a hundred dollar or even an over leveraged thousand dollar account isn't trading. There's a connection between an account size and bonafied ability.

Talkers and very few doers here. Put up or shut up.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #23
  • Jan 21, 2023 8:34am Jan 21, 2023 8:34am
Just my 2 cents...

Like you, I only trade EU, the reasons are off topic...

I don't know for you but I have been losing since the beginning of my trading career and I'm firmly convinced that I have finally seen the light, I just have to prove it now to myself, with facts, not with talks, it's only 3 months I'm profitable and my explorer is public and my trades commented.

So we are two completely different traders, you seem finding the (same) market difficult now while at the same time I finally see it easy and even boring at times.

That alone should be interesting enough for you.

I don't pretend anything, like you, I know that there are a lot of people that don't know yet about what they are talking, I try not being one of them, just giving you my observation.
Simplicity is the Ultimate Sophistication.
  • #24
  • Jan 21, 2023 9:31am Jan 21, 2023 9:31am
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.
The solution is to trade where most retail traders put their stop losses

My core setup for GU is based on this. Trade after Key Level sweeps (things like session highs and lows, daily highs and lows, weekly highs and lows, m15 swing highs and lows, WPOC etc)

I'll make a thread with 3 reliable setups that I use to effectively trade GBP/USD

The market moves to take out liquidity (stops), so you just need to trade around those areas where the market is 'manipulated'
  • #25
  • Jan 21, 2023 10:44am Jan 21, 2023 10:44am
Quoting mysterio
{quote} The solution is to trade where most retail traders put their stop losses My core setup for GU is based on this. Trade after Key Level sweeps (things like session highs and lows, daily highs and lows, weekly highs and lows, m15 swing highs and lows, WPOC etc) I'll make a thread with 3 reliable setups that I use to effectively trade GBP/USD The market moves to take out liquidity (stops), so you just need to trade around those areas where the market is 'manipulated'
but this will be only for M1-M5-M15 timeframes? you are trading very fast, scalping. does your set ups work for higher timeframes?
  • #26
  • Jan 21, 2023 11:01am Jan 21, 2023 11:01am
Quoting genadi
{quote} but this will be only for M1-M5-M15 timeframes? you are trading very fast, scalping. does your set ups work for higher timeframes?
Yes-- I trade strictly intraday but, you can still look at daily highs and lows and weekly highs and lows for example.

When GU is making unexpected rallies it's usually to take out stops above or below Weekly or Daily swing highs and lows.

I'll make a thread soon
  • #27
  • Jan 21, 2023 12:23pm Jan 21, 2023 12:23pm
Quoting broketrader
Just my 2 cents... Like you, I only trade EU, the reasons are off topic... I don't know for you but I have been losing since the beginning of my trading career and I'm firmly convinced that I have finally seen the light, I just have to prove it now to myself, with facts, not with
Convinced you finally see the light....

Again, are you speaking from a rational, honest and realistic perspective. "Years of losing" I glanced at your forexfactory explorer and I believe it, your numbers turned sharply this past week.

So this is the part about being honest and rational to yourself - can you attribute it to something concrete that you can reproduce every day? - or - is it an emotional high that you're on after decimating your account for so long.

Answer these things to yourself and not to me. It's the part of being honest to yourself rather than succumbing to a delusional high. I see a ton of weird shitt on this website so you need to ask yourself are you any different from these people.

This is a performance activity day in day out and you guys don't seem to get that.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #28
  • Jan 21, 2023 2:03pm Jan 21, 2023 2:03pm
Quoting H13
{quote} Again, are you speaking from a rational, honest and realistic perspective. "Years of losing" I glanced at your forexfactory explorer and I believe it, your numbers turned sharply this past week.
Of course I'm honest firstly with myself, I'm not here to sell something or convince anyone about anything...

Quoting H13
{quote} can you attribute it to something concrete that you can reproduce every day? - or - is it an emotional high that you're on after decimating your account for so long. Answer these things to yourself and not to me. It's the part of being honest to yourself rather than succumbing to a delusional high. I see a ton of weird shitt on this website so you need to ask yourself are you any different from these people. This is a performance activity day in day out and you guys don't seem to get that.
I can tell you, it's very concrete and very clear for me, there is nothing emotional neither in my state of mind nor in my trading.

It's true that I have been decimating my account for a long time, in fact for ever, and yes, it was emotional at the beginning but then it became normal so I just tried to not put too much money in it while I was losing because somehow I knew that anyhow I was going to lose it all again but I just continued trying anything that came to my mind while at the same time I was some times spending all my time just watching at a chart, listening to music and waiting for him to talk to me until it finally did it.

I already went through all those things you talk about, being loser for a while doesn't mean being naïve or dishonest and more than that, I'm beyond the age of losing my time with that.

Now, this has more to do with the subject of your thread, having found my way of trading, I should produce and I expect good results in the future if I execute well and I know how to, but I also know that there will be periods where I will do not so well and only because of a "difficult trading environment", the difference this time is that I know it, I have accepted it, even embraced it because you can't avoid it and there is no system out there that just works all the time, I don't believe it.

So the question is, if you have a system, and you are good with it but suddenly the market becomes difficult, you are capable of recognizing it and that's a good point, if you trust your system enough, why just not continue doing what you do but with a reduced risk ? Did you expect your system to fire on all cylinders all that time ?

Finally, for me, it's not a performance activity, it's finding or elaborating a system good enough so you can trust it and trade according to its rules whatever the markets looks like and accepting any outcome without questioning everything again. If all conditions are met the performance will follow. That's my belief.
Simplicity is the Ultimate Sophistication.
  • #29
  • Jan 21, 2023 2:25pm Jan 21, 2023 2:25pm
Quoting broketrader
{quote} Of course I'm honest firstly with.
Good luck
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #30
  • Jan 21, 2023 2:36pm Jan 21, 2023 2:36pm
Quoting H13
{quote} Good luck
Thanks, same to you!
Simplicity is the Ultimate Sophistication.
  • #31
  • Jan 21, 2023 3:16pm Jan 21, 2023 3:16pm
The market always does a min-max, it either misses your setups with low volatility moves, or it rapidly moves to extremes where most stops will be hit.

Most traders will opt to place setups at the average of the 2; not at the extreme (FOMO being the trigger), but also not at the minimum (not wanting to lose).

Ironically trading at the average will net you the worst outcome, you miss a bunch of the trades and the trades that will happen result in direct SL hits.

Choose one of the two, either the minimum and accept the losses, or only trade extremes and accept FOMO.
  • #32
  • Jan 21, 2023 8:14pm Jan 21, 2023 8:14pm
Quoting broketrader
{quote} Thanks, same to you!
In the post I mentioned not to answer to me, but to yourself then you did. That is fine, but the one thing and most important was to ask yourself what makes you or whatever you attribute your recent revelation in your trading phenomenally different from what everyone else is doing. Again, I don't need to know. As far as what you typed I don't see it.

Every post here on this website follows the same patterns and it isn't a surprise why you guys never make it past mediocrity and will continue moving forward.

Even on this very thread the same responses and charts that have all been regurgitated thousands times over on this website are present. It's a predictable pattern and it's no wonder why your brokers stay in business. It literally is what keeps this website a float.

THIS is why you guys need to really make sure you're in touch with the reality.

It's harsh and I don't have any reserves telling it this way. I don't mean to single anyone out, but I don't believe in holding back when there's so much ass patting and bullshitt here. I'm speaking to anyone reading this as the odds are high it applies to them.

Maybe you guys just want to have a little fun in your lives. I don't think that's why most of you put yourselves through these vicious cycles of live losses repeatedly, especially the younger people.

I shouldn't say this, but there are people pulling money out of the market each day - real good money - in very good fashion, meaning not some stupid strategy where you can't even make a withdrawal cause your so upside down on other positions. Literally five figures a week and those people avoid this fx ghetto.

So ask YOURSELF...what makes you different from the forexfactory people.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #33
  • Jan 22, 2023 12:17am Jan 22, 2023 12:17am
Quoting H13
{quote} May seem random, but there are things going on that you guys aren't aware.
the secret is out
people leave, but this thread will go on for ever
  • #34
  • Jan 22, 2023 9:26am Jan 22, 2023 9:26am
Quoting Aussi
{quote} the secret is out
You guys aren't referred as the uninformed for no reason
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #35
  • Jan 22, 2023 10:11am Jan 22, 2023 10:11am
What a rediculous thread...

One Chart is from 2006 the other from 2022, showing same pair. Nothing has changed. Trading always was and will be difficult!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart2.png Size: 9 KB
Click to Enlarge Name: Chart1.png Size: 9 KB
  • #36
  • Jan 22, 2023 11:16am Jan 22, 2023 11:16am
Quoting colbru
What a rediculous thread... One Chart is from 2006 the other from 2022, showing same pair. Nothing has changed. Trading always was and will be difficult! {image} {image}
Another bullshitt chart poster
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #37
  • Jan 22, 2023 1:21pm Jan 22, 2023 1:21pm
Quoting H13
{quote} You guys aren't referred as the uninformed for no reason
well i am very informed and have been for over 40 years in the industry , when you talk about you guys , if you think you are the only one that knows you are totally wrong your mind perhaps need cleared and stop being elitist and believe your the only one that knows all
people leave, but this thread will go on for ever
  • #38
  • Jan 22, 2023 1:27pm Jan 22, 2023 1:27pm
Quoting Aussi
{quote} well i am very informed and have been for over 40 years in the industry , when you talk about you guys , if you think you are the only one that knows you are totally wrong your mind perhaps need cleared and stop being elitist and believe your the only one that knows all
Makes ya wonder the real intent of the thread. Is it to discuss a changing environment or to trash people.
Mark ... Everything you have been told is a LIE
  • #39
  • Jan 22, 2023 1:40pm Jan 22, 2023 1:40pm
Quoting spzd
{quote} Makes ya wonder the real intent of the thread. Is it to discuss a changing environment or to trash people.
yes your correct mate to make statements like h13 that he know all seems he has lost the plot and looking for a scapegoats for his problems
people leave, but this thread will go on for ever
  • #40
  • Jan 22, 2023 1:48pm Jan 22, 2023 1:48pm
Quoting H13
{quote} May seem random, but there are things going on that you guys aren't aware.
Typical quote of an amateur. They always talk like there is some hidden golden nugget in the market that is the solution to everything. I trade since 2011 and let me tell you that even IF you know something "special" about the market that's still only 1 piece of the puzzle.

We always talk about an edge but a working system should consist of multiple edges, be it within TA, entry- or trade management to name a few.
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