Hang in there. When I started, I stayed on demo for nine months. I went live and traded a measly $100. I stayed around break-even for roughly a year and a half after that. The light bulb finally went on. It is all about support and resistance (location) as others have stated. Now I often take trades purely based upon support and resistance without a PA setup. For example, I entered long on EUR/CAD on Friday based on the Daily timeframe even though there was no solid PA setup.
Scott
Scott
DislikedHey Guys,
I'm full of emotions right now and I don't know who else I can share them with that could understand me as well as you all can. Feel free to pay no attention to what I say, I just need to write it down to cool off.
So after two months of lurking around here I decided to get the forex tester and start applying some of the knowledge I've gained here. Well, as I should have expected - I failed horribly. I traded on the daily time frame, trying to follow all the rules - max 2% per trade, trying to take only the best pins, trying to...Ignored