Guys I've read some posts and theres really good advice posted here from experienced traders.
I've read that some traders timing is just wrong. I understand the frustration.
A nice tip is that first right down a strict trade plan.
Follow that trade plan very attentively.
If you see things in the market that you cant identify and does not meet you trade plan then dont trade it. Be like smokey D look for the AAA + trades.
I as a trader also get faked out at times, well many times and thats part of the trading game. This is because at times the big boys first try to go and hit traders SLs before they go in the other direction.
The thing is that certain traders as soon as their SLs are hit they sit with too much emotion getting to them rather than looking at what the market is doing. Then they see that if they traded in the other direction they couldve covered their loss and made extra profit. Now this doesnt mean that as soon as your SL is hit you go in the other direction immediately that will be too high risk, you just wait until theres a signal according to your trade plan and this will happen sometimes straight after your SL is hit . So when theres a signal then you take it . Most traders wont take it because their confidence is low and they think that this signal wont also work like the previous trade.
The lower the TF the more emotion is involved. Thats when you start riding the roller coaster and if you cant think fast and handle the high pressure you will be slaughtered. Theres lots of signals on the lower time frame which leads to over trading and lots of fake outs.
The lowest ill go is the 1H TF , theres fakeys but theres enough pips to be made for the day.
With this TF i also feel that you have to be able to think fast and be a very flexible trader. you have to know when to close a trade and when to leave it, you have to have the confidence and the edge to keep you on top of your game . Thats why the 1H TF wont suit some traders who get emotional.
Theres other traders as well thats setting their TPs too large.
I suggest that you keep it 1:1 and at time you will see that it will hit and carry on for 100 pips but be content with what you got. There will also be times where to see your 1:1 TP wont be hit this is where you must think fast whether you want to close the trade or what.
For example , i go long and then after 2 candles im in around 25 pips then all of a sudden the market changes direction, do i close immediately no, i wait for the candle to form and at the end of the candle ill analyze the candle. Now if i see a pullback candle showing me to go short then ill close the candle for what ever pips i have or lost. in these situations i wont wait for it to hit SL coz i can see its a pullback candle going for short, so the chance of it hitting SL is very high.
Another tip is that i trade with the trend to increase my chances. In trading forex its all about increase your chances of winning.
First of all traders have a 50% chance of winning ant trade because you only choose whether you want to go long or short so thats 50:50
Trading with the trend increases you chances alil more.
Having a good profitable trading system that you are confident about also increases your chances.
Looking for specific signals increases your chances more
So if you keep all these things in mind and apply it you will already have a system or strategy or method or whatever you want to call it that will make you a profitable trader because your chances will definitely be well over 50%.
Of course you will experience a loosing streak of trades or a winning streak.
Thats why i recommend that each trader should have a strict trade plan that he/she will follow everyday to increase their success. If the market dont show you the signals or meet the requirements then it does not mean that you just have to take a trade, i say dont trade for that day. Wait until the market meets the requirements of your trade plan.
At times not trading is part of trading.
I've read that some traders timing is just wrong. I understand the frustration.
A nice tip is that first right down a strict trade plan.
Follow that trade plan very attentively.
If you see things in the market that you cant identify and does not meet you trade plan then dont trade it. Be like smokey D look for the AAA + trades.
I as a trader also get faked out at times, well many times and thats part of the trading game. This is because at times the big boys first try to go and hit traders SLs before they go in the other direction.
The thing is that certain traders as soon as their SLs are hit they sit with too much emotion getting to them rather than looking at what the market is doing. Then they see that if they traded in the other direction they couldve covered their loss and made extra profit. Now this doesnt mean that as soon as your SL is hit you go in the other direction immediately that will be too high risk, you just wait until theres a signal according to your trade plan and this will happen sometimes straight after your SL is hit . So when theres a signal then you take it . Most traders wont take it because their confidence is low and they think that this signal wont also work like the previous trade.
The lower the TF the more emotion is involved. Thats when you start riding the roller coaster and if you cant think fast and handle the high pressure you will be slaughtered. Theres lots of signals on the lower time frame which leads to over trading and lots of fake outs.
The lowest ill go is the 1H TF , theres fakeys but theres enough pips to be made for the day.
With this TF i also feel that you have to be able to think fast and be a very flexible trader. you have to know when to close a trade and when to leave it, you have to have the confidence and the edge to keep you on top of your game . Thats why the 1H TF wont suit some traders who get emotional.
Theres other traders as well thats setting their TPs too large.
I suggest that you keep it 1:1 and at time you will see that it will hit and carry on for 100 pips but be content with what you got. There will also be times where to see your 1:1 TP wont be hit this is where you must think fast whether you want to close the trade or what.
For example , i go long and then after 2 candles im in around 25 pips then all of a sudden the market changes direction, do i close immediately no, i wait for the candle to form and at the end of the candle ill analyze the candle. Now if i see a pullback candle showing me to go short then ill close the candle for what ever pips i have or lost. in these situations i wont wait for it to hit SL coz i can see its a pullback candle going for short, so the chance of it hitting SL is very high.
Another tip is that i trade with the trend to increase my chances. In trading forex its all about increase your chances of winning.
First of all traders have a 50% chance of winning ant trade because you only choose whether you want to go long or short so thats 50:50
Trading with the trend increases you chances alil more.
Having a good profitable trading system that you are confident about also increases your chances.
Looking for specific signals increases your chances more
So if you keep all these things in mind and apply it you will already have a system or strategy or method or whatever you want to call it that will make you a profitable trader because your chances will definitely be well over 50%.
Of course you will experience a loosing streak of trades or a winning streak.
Thats why i recommend that each trader should have a strict trade plan that he/she will follow everyday to increase their success. If the market dont show you the signals or meet the requirements then it does not mean that you just have to take a trade, i say dont trade for that day. Wait until the market meets the requirements of your trade plan.
At times not trading is part of trading.
X-man the legendary conqueror of markets
awesome advice X-Man .... keep up the great work you are doing on this thread 
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, got stupid Q that bothers me. 
