DislikedI noticed August was a tricky month to trade. Well, for me, June and July were, too.Ignored
The good news is that it is September now, the big boys are back at work and volume should return to normal soon. hoorah!!
4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedI noticed August was a tricky month to trade. Well, for me, June and July were, too.Ignored
DislikedI am getting very tired of trading forex!
[color=navy][font=Times New Roman]Why is it others can trade so smoothly while I am still riding on the roller coaster after so many months? After successfully making progress for continuous 3 months, I though I am ready for this system but it proved that I am wrong! I made 400 pips in May, 87 pips in June and 156 pips in July. Just when I though I am getting familiar with the system, I lost 320 pips in August and today in first day of September, I put in...Ignored
DislikedI am getting very tired of trading forex!
[color=navy][font=Times New Roman]Why is it others can trade so smoothly while I am still riding on the roller coaster after so many months? After successfully making progress for continuous 3 months, I though I am ready for this system but it proved that I am wrong! I made 400 pips in May, 87 pips in June and 156 pips in July. Just when I though I am getting familiar with the system, I lost 320 pips in August and today in first day of September, I put in...Ignored
DislikedHi, I have experienced the same things and decided to give up trading the forex for at least three months. I withdrew all the money from my live account and closed it at breakeven which means no gain no loss in a year time, but if you consider the amount of time I dedicated to trading that's definitely a loss. I took this decision because it was altering my everyday mood which means I was happy if trading went well and unhappy when it didn't and that is not good. There are more important things in life than trading the forex. It must be a pleasant...Ignored
DislikedSilverfox, thanks for the post and for sharing your thoughts. I have similar situation or even worse. Fx requires a a lot of patience. I hope to not give up.
Hope experienced traders will submit a warm understanding, and how to find a solution.Ignored
DislikedThese always seem easy with hindsight and before I even begin I'm going to admit to the same sort of mistakes.
Anyway below is a chart of GBP/USD and it is on a different H4 feed from Silverfox's chart but the principle is the same. The green trend line is the uptrend. The red trend lines are the downtrend. The MA (89ma in this case) does a similar job but I prefer trend lines. Personally, I avoid taking trades against the trend even if they look good. There has to be a daily close above or below a trend line before I even consider changing direction....Ignored
DislikedI went long this morning for GBPUSD when the price move back to EMA21 after advance of the big candle. I went long because I saw the long tail and next big candle which I feel there is some strong buying and price might test SMA89 again. However, price went all the way down and I got burn another 100 pips. Where is my mistake?Ignored
DislikedHi Silverfox,
Firstly you traded during NFP week. I try to stay away during NFP week because all that happens is that the larger traders are positioning themsleves for the NFP news. It is a very indecisive week as traders ask "Will the figures be good?" or "Will the figures be bad?. There will be very little movement until the figures are released. It is more likely that you will get whipsawed out due to the indecisiveness especially if your stop is not big.
Technically, we must always look at the daily chart first. There has been no daily...Ignored
DislikedHi Lukis,
Thanks for your comment. I understand trading requires a lot of patience but it is difficult when you see potential position moving. It is difficult to leave it alone and I guess that is one of the reason why I failed. As I mentioned earlier, I am so passion about trading and don't think I will give up so easily. Hope one fine day, I can produce better result trades after trades, weeks after weeks and years after years. I know my biggest enemy is myself but how can I defeat myself?? How?Ignored
DislikedHi all
I do not use meta Trader I use the chart service of IG Index it is ok, is there any way i can set the macd up using them or do i really have to install mt..
many thanks and sorry if this is a dim question.
Regards
Dave UKIgnored
DislikedHi xeneric,
Thank you for your time for pointing out my mistakes. I guess my skill is not there yet and need more training and guidance from you guys. Once again, thank you so much for your help!Ignored
Dislikedso what aspects of trading are u passionate about? making money? or trading itself? if it's making money, then make ur system as mechanical as possible especially if you can't control your emotions. If it's the excitement of trading, then maybe should just trade with a demoIgnored
DislikedI am passionate about doing chart analysis especially when my judgment is correct. Of course all traders in forex will wish to make money from trading, be it a little or a lot. Emotion, is the biggest enemy of all traders, I believe and I am trying hard to beat it...Ignored
DislikedI am passionate about doing chart analysis especially when my judgment is correct. Of course all traders in forex will wish to make money from trading, be it a little or a lot. Emotion, is the biggest enemy of all traders, I believe and I am trying hard to beat it...Ignored
DislikedWhat pair (OR pairs) you trade the most? I suggest EURusd is always the best pair to study (based on my experience) but you can also try AUDusd / NZDusd / AUDjpy and NZDjpy.
Try to use momentum and stochastic indys as well. They are very good as additional helps in your charting...
All the best...Ignored