{quote} sure mate, please comment on the picture of the trade.. why was it a losing trade? everything seemed good..
(binned per thread starter’s request) 29yrs Trading & Still Here
- #641
- Mar 9, 2023 1:00pm Mar 9, 2023 1:00pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
- #642
- Mar 9, 2023 1:03pm Mar 9, 2023 1:03pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
- #643
- Mar 9, 2023 1:05pm Mar 9, 2023 1:05pm
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- #644
- Mar 9, 2023 1:17pm Mar 9, 2023 1:17pm
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{quote} sure mate, please comment on the picture of the trade.. why was it a losing trade? everything seemed good..
{quote} some of this might help, ive dropped them b4 somewhere in thread
the thing is, i know about all of these stuff xD
But what does TRULY work, with a high winrate?
Feels like these documents are written by an amateur, also, trading is such HUGE industry, but there is no winrate attached to different strategies, and basically no strategy that is widely known to be profitable, this all seems like a huge waste of time sometimes.. but i just have to keep going, i still have hope..
{quote} some of this might help, ive dropped them b4 somewhere in thread
The pdf you sent, with this awesome HINDSIGHT teacher... he ONLY shows good trades that work out, AFTER the fact. But the same principles he shows, has loosing trades on the chart too, but he ignores them, this is why this trading industry is f*ed up.. full of fakes, and amateurs, does anyone make it here, or are the markets just random..
Literally on the Pic, HOD broken, rejects and goes down, but he totally ignores it xD, sad.
- #648
- Mar 9, 2023 1:53pm Mar 9, 2023 1:53pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
- #649
- Edited Mar 10, 2023 6:01pm Mar 9, 2023 8:06pm | Edited Mar 10, 2023 6:01pm
- Joined May 2021 | Status: Trader | 289 Posts
{quote} sure mate, please comment on the picture of the trade.. why was it a losing trade? everything seemed good..
That was the covid wick. Now down to the weekly:
Bearish engulfing which even took the high = strong signal
Onto the daily:
Origin of the reaction to the previous identified resistance = my red box
H4 now:
Your trade idea in purple is a bit early in my opinion.
Also, EURSEK is a random/obscur exotic lol I personally wouldnt trade that pair. You cant have any correlation with this pair. What I mean by that is look at the DXY, draw some SnR zones and then do the same on GU, EU, AU, NU. You'll notice they all look/react the same. If you want to increase your odds, wait for a MAJOR KL, price action to confirm the KL and a correlation. If you have EU coming down to a Weekly support at the same time as GU for example, take the trade (on one of those 2 pairs or split your risk in half and take both). Just my humble opinion.
Oh, and I agree, ICT is a scammer. Good if you can make money from his concepts, but his public track record that he deleted AFTER losing almost all his trades is empirical proof. I truly wonder what people need to see the truth. He blew 2 accounts, LIVE!!! Anyway, on another note, dinpappa, the "perfect set up" wont work 100% of the time just because it looks good and has all the required variables. Thats trading.
- #650
- Mar 10, 2023 9:06am Mar 10, 2023 9:06am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
- #652
- Mar 10, 2023 9:16am Mar 10, 2023 9:16am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
i forgot about news any way i got small portion of that movement (eurusd) {image}
- #653
- Mar 10, 2023 9:17am Mar 10, 2023 9:17am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
- #659
- Sep 19, 2023 3:45pm Sep 19, 2023 3:45pm
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- #660
- Sep 19, 2023 3:46pm Sep 19, 2023 3:46pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts