What did you change to start being profitable? | Page 3 | Forex Factory

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What did you change to start being profitable?

  • #41
  • Nov 13, 2011 10:33am Nov 13, 2011 10:33am
Quoting Du Jin Shan




Well, high probability for you or me ,doesnt mean everyone spot that, .............. Everyone have a different purpose and opinions in trading.
sometimes small probabilties will make a big moves.

Cheers
Jin Shan
High probability, for me means High R:R
  • #42
  • Nov 13, 2011 10:35am Nov 13, 2011 10:35am
Quoting mfoste1
I became profitable when I stopped thinking about money as money. I started seeing it as just a number in my account and completely detached myself from it. This changed the mental aspect of the game for me. It took around 2 years for me to do this, so it was hard for me in that aspect.
Yes, you right Mfoste1. I agree with you, must look at trading account in percetange, not the money.

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #43
  • Nov 13, 2011 10:37am Nov 13, 2011 10:37am
Quoting ALThau
High probability, for me means High R:R
Okay, I've got that.

Cheers,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #44
  • Nov 13, 2011 10:51am Nov 13, 2011 10:51am
Quoting arjfca
Hello Jin

I'm not profitable yet, but I evaluate that I'm supposed to have all the knowledge to be on the plus side. I'm barely on the brake even.

Here is a collection of problems that I got.

Errors that I notice that I do are I supposed more psychological than others

- Afraid to take a trade because I had suffered some lost before
- Came late in a trend because I did not took the first setup
- Made up my mind on what the market should do and don't send the orders because it did not fit whit my view
- Because I'm not profitable,...
Cheers Martin
In my opinion, You should meditate. with a peaceful mind you can overcome every problems. including that psychology problems.
meditation have helped me so much to overcome my bad psychology.

Hope this can help you

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #45
  • Nov 13, 2011 11:01am Nov 13, 2011 11:01am
It is amazing how much you forget about what changes were useful until others mention them.

Slow down was a great one, that worked for me also.

Not thinking in terms of money helped me alot too.

Add to my list, stop trying to watch too many pairs. I was worried about missing some setups, I had six screens, multiple pairs, multiple timeframes, alerts going off, it was crazy.

Now all I need is one screen for trading, 3 or 4 currencies and a spare screen for chat / email / surfing etc.

Wait for the trades to come to you.
  • #46
  • Nov 13, 2011 11:08am Nov 13, 2011 11:08am
Quoting Du Jin Shan
Cheers Martin
In my opinion, You should meditate. with a peaceful mind you can overcome every problems. including that psychology problems.
meditation have helped me so much to overcome my bad psychology.

Hope this can help you

Best regards,
Jin Shan
Meditation, nice approach. Never thought about that
Will look at that.

Martin

N.B. This tread start to be interesting. Very good input from great peoples. Thanks to all
  • #47
  • Nov 13, 2011 11:17am Nov 13, 2011 11:17am
Quoting jag1966
Now all I need is one screen for trading, 3 or 4 currencies and a spare screen for chat / email / surfing etc.
Wait for the trades to come to you.
I just screening one pairs EUR/USD. Thats make me free from stress, and make me more focus in trading.
I believe if i just focusing in one pair, someday i will know this pair characteristics. and will make money from this pair.

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #48
  • Nov 13, 2011 11:22am Nov 13, 2011 11:22am
I mainly watch au, eu, uchf, ucad sometimes I add gu and usd/sek all I am really looking at is the usd and looking for the best pair to trade on the day.

Gaps between SR levels.
  • #49
  • Nov 13, 2011 11:26am Nov 13, 2011 11:26am
Quoting jag1966
I mainly watch au, eu, uchf, ucad sometimes I add gu and usd/sek all I am really looking at is the usd and looking for the best pair to trade on the day.

Gaps between SR levels.
so you always trade when you spot the gaps between SR levels.
In my opinion, this gap is rare to find in one day trade.

Cheers
Jin shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #50
  • Nov 13, 2011 11:27am Nov 13, 2011 11:27am
Quoting Du Jin Shan
I just screening one pairs EUR/USD. Thats make me free from stress, and make me more focus in trading.
I believe if i just focusing in one pair, someday i will know this pair characteristics. and will make money from this pair.

Best regards,
Jin Shan
strip all indicators except 1 or maybe 2 ma's,also only have only 1 chart with 4hr or daily t/fm then one can really concentrate on what is happening.Price action is King along with s/r,this is ALL one needs to be profitable in this business.
  • #51
  • Nov 13, 2011 11:31am Nov 13, 2011 11:31am
Quoting Tedge UK
strip all indicators except 1 or maybe 2 ma's,also only have only 1 chart with 4hr or daily t/fm then one can really concentrate on what is happening.
you right Tedge, for me indicator just an asistent, for help me to count that complicate calculation. i never trade base on indicators.

Quoting Tedge UK
Price action is King along with s/r,this is ALL one needs to be profitable in this business.
Me too. I'm a naked trader. trade base on price action, support/resistance, trendline etc

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #52
  • Nov 13, 2011 11:32am Nov 13, 2011 11:32am
Quoting Du Jin Shan
so you always trade when you spot the gaps between SR levels.
In my opinion, this gap is rare to find in one day trade.

Cheers
Jin shan
There are loads of them Jin, SR and trend work the same way whatever timeframe you trade.
  • #53
  • Nov 13, 2011 11:41am Nov 13, 2011 11:41am
Quoting jag1966
There are loads of them Jin, SR and trend work the same way whatever timeframe you trade.
I've got what you say Jag
In lower timeframe like 1minutes or 5minutes, there can be a lot of gap
In biger timeframe like 1 hours or 4 hours, there is a little amount of gap. the gaps, the messy wicks has been smoothed.

Cheers
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #54
  • Nov 14, 2011 5:10pm Nov 14, 2011 5:10pm
for me..to be profitable as a pro is buy low sell top....someone tell me trend as a friends but......as i said buy low sell top is important thing what ever u use timeframe ....try learn MBfx u will see the different......and add pivot line support and resistance....it will change u for ever trade like a pro more better thanbefore.....money is for everting dont lose even single trade,
be patient, self-belief and discipline... stay focus...
  • #55
  • Nov 15, 2011 12:52am Nov 15, 2011 12:52am
Quoting radit27
for me..to be profitable as a pro is buy low sell top....someone tell me trend as a friends but......as i said buy low sell top is important thing what ever u use timeframe ....try learn MBfx u will see the different......and add pivot line support and resistance....it will change u for ever trade like a pro more better thanbefore.....money is for everting dont lose even single trade,
Hi Radit, you are right about buy low sell top, but how can you determine the low and the top. no one knows.
How about top breakout or low breakout, as i know after this breakout there will be an impulsive wave.

In my opinion, we should follow the trend, follow the majority, dont trade against them. Trust me man, you wont regret

Best regards,
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #56
  • Nov 15, 2011 1:17am Nov 15, 2011 1:17am
Quoting Du Jin Shan
Hi Radit, you are right about buy low sell top, but how can you determine the low and the top. no one knows.
How about top breakout or low breakout, as i know after this breakout there will be an impulsive wave.

In my opinion, we should follow the trend, follow the majority, dont trade against them. Trust me man, you wont regret

Best regards,
Jin Shan
well, paul tudor jones would disagree with you. I think both methods are viable.
  • #57
  • Nov 15, 2011 1:27am Nov 15, 2011 1:27am
Quoting Custos
well, paul tudor jones would disagree with you. I think both methods are viable.
This strategy is good, but its better to follow the trend, In my opinion.
I have try paul tudor jones style, but ended up stress for me
no idea where to spot the right top or low.


Best regards
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #58
  • Nov 15, 2011 1:30am Nov 15, 2011 1:30am
couldnt agree more,jag1996,infact its a footprint,combined with s/r and periods of low liquidity,one can pinpiont entry and exit.

regards
william
  • #59
  • Nov 15, 2011 2:15am Nov 15, 2011 2:15am
heres a sample of perfect entry and exit using s/r and clearing orders.its on the ftse as ive taken over 200 pips since monday,but applies to fx.
the bottom line is support,the 2 others are price gaps and skipping down looking for fills,then price comes back very quick to clear or pick up orders.this has just occured and gave me 20 + pips
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 113 KB
  • #60
  • Nov 15, 2011 3:20am Nov 15, 2011 3:20am
its no surprise that after picking up those orders price cascaded 50 pionts,in sync with cable and 12 of my other pairs,call these plays what you want,stop hunts ect,but if u look u can pre empt the move using the footprint
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