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Is there an "easy" way to trade on Forex?

  • #81
  • Jan 16, 2013 6:18pm Jan 16, 2013 6:18pm
Quoting Turveyd
Be warned, they won't think of you as a real trader unless you trade >=H4 and wait for the magic candle to close and interpret what it means by some ancient chinese wisdom then they won't think of you as a real trader!!

If you have received this type of treatment in the past, I can understand your feelings, and slanted bias against swing traders.

Personally, with patience and taking clear setups on favorite pair/pairs, swing trading offers opportunities for less stress and great R/R ratio.

It's my goal this year to be patient. Dec Jan was a big test for me on my resolution and I failed it (wiping out all of Oct/Nov profits of 80 percent growth).

Often it's not methods that kill accounts, it's people who kill accounts.

"Patience and profit" on the sticky note pad
Come with me if you want to live....
  • #82
  • Jan 16, 2013 6:25pm Jan 16, 2013 6:25pm
Quoting Ill-b-back
If you have received this type of treatment in the past, I can understand your feelings, and slanted bias against swing traders.

Personally, with patience and taking clear setups on favorite pair/pairs, swing trading offers opportunities for less stress and great R/R ratio.

It's my goal this year to be patient. Dec Jan was a big test for me on my resolution and I failed it (wiping out all of Oct/Nov profits of 80 percent growth).

Often it's not methods that kill accounts, it's people who kill accounts.

"Patience and profit" on the sticky note...

Swing is the expected norm around here, Scalpers and Intraday trades are deemed as all liars, but I'm a BE trader, trading M1.

It's the same for M1, advantage is, you can see the market live moving up strongly and join in, you can do it with a small SL and a great R:R just the same, yeah the spread cost per pip profit is higher, but I'm aiming for 20-50pips anyways.

I don't like taking losses, get emotional, move the SL, get stubborn, buy more and in 30mins I can blow 75% of the account losing 3months of profits, that's my personal issue, but getting over it. Really tight SL's and learning not to care as there so small seems to have fixed it.

Fear and Greed have a lot to answer for.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #83
  • Jan 16, 2013 6:32pm Jan 16, 2013 6:32pm
Quoting Turveyd
Ask around, that's what many H4 traders aim for per year, you'll see them actively shooting down anyone as trading badly if they make much more than that per year.

Read above, not writing it off completely, it's all explained above, if you have a job and no time then Swing is sadly your ownly option.


You will make many many times more much faster, trading M1 / M5 when you get good, downside being it swings both ways, you will lose it much faster if your not so good.
Lol.., yes frustrating isn't it, I know
I can really only effectively trade daily close due to work. Sometimes I take London set ups when they arrive for 30-40 pips but not often. I'm in bed for NY which is very annoying also.

The upside, is there are some very good daily swing trading tools around that need experience just like any method.
I started my explorer at the very worst time for my method, they seriously need to sort out this debt ceiling fiscal cliff debacle so I can start making clean money again

I'm going to reactivate the explorer to test my nerve.
I think I need accountability to acquire discipline.
I mirror the trades on my $500 live account. Due to email changes and not remembering account password, connecting live account to explorer is a task of writing to broker etc.
Easier just to connect a non expiring demo.
Come with me if you want to live....
  • #84
  • Jan 16, 2013 6:46pm Jan 16, 2013 6:46pm
Quoting Ill-b-back
Lol.., yes frustrating isn't it, I know
I can really only effectively trade daily close due to work. Sometimes I take London set ups when they arrive for 30-40 pips but not often. I'm in bed for NY which is very annoying also.

The upside, is there are some very good daily swing trading tools around that need experience just like any method.
I started my explorer at the very worst time for my method, they seriously need to sort out this debt ceiling fiscal cliff debacle so I can start making clean money again

I'm going to reactivate...
UK here and hate getting up, so aim to trade 9am till 5pm work permitting and not having to get mates kids from school, self employeed and it's quite so got to get making some $$$'s SOON!!!

My M1 method scales I find to all TF's from the look of it, which is a good sign I think, but on H4 I need good strength only 6 trades called on EJ since mid november, that's a lot of waiting around for a pull back with the trend then a turn back up to be sure.

Can't be arsed with an explorer, I do post most of my losers recently in my journal, pretty much live, no 1 would make up the run of bad luck I've had recently I assure you, I should pretty much only take a loss on directional changes and every damn trade changes direction on me, part not waiting for the turn up so catching falling knives.

H1 looks tradeable, M30 better still, M15 awesome, M5 surprisingly good.

If I don't improve soon I'll give M5 a go maybe.

Far too much hanging around on H4, needs huge SL's so very low lot size.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85
  • Jan 16, 2013 7:04pm Jan 16, 2013 7:04pm
Quoting Turveyd
UK here and hate getting up, so aim to trade 9am till 5pm work permitting and not having to get mates kids from school, self employeed and it's quite so got to get making some $$$'s SOON!!!

My M1 method scales I find to all TF's from the look of it, which is a good sign I think, but on H4 I need good strength only 6 trades called on EJ since mid november, that's a lot of waiting around for a pull back with the trend then a turn back up to be sure.

Can't be arsed with an explorer, I do post most of my losers recently in my journal, pretty...
Yep SL bigger, nowadays on cable it's about 30-50 pips or so, occassionally more on my method.
On the swing method, Usually TP 120-300 pips, but also get 900+ pip runners.

It sounds madness, but I have observed the signals work on 4hr/daily/weekly TF's with 90 pip max SL on the 900-1000 pip moves (for Cable only), I try not to trade any other pair.

I mess up my perspective sometimes by doing my own analysis for the enjoyment of it, rather than trusting the trading tool on my screen, (which is more boring/but more profitable).
Anyway, I wait to see what uncle Ben can deliver this year.
Come with me if you want to live....
  • #86
  • Jan 16, 2013 7:33pm Jan 16, 2013 7:33pm
Quoting Turveyd
UK here and hate getting up, so aim to trade 9am till 5pm work permitting and not having to get mates kids from school, self employeed and it's quite so got to get making some $$$'s SOON!!!

My M1 method scales I find to all TF's from the look of it, which is a good sign I think, but on H4 I need good strength only 6 trades called on EJ since mid november, that's a lot of waiting around for a pull back with the trend then a turn back up to be sure.

Can't be arsed with an explorer, I do post most of my losers recently in my journal, pretty...
Being in UK, you can catch early NY moves?
This would present good trade setups for 30+ pips during the sweet spot period I would have thought.

I'm self employed also, going back to Uni part time to become teacher qualified also.
Come with me if you want to live....
  • #87
  • Jan 17, 2013 6:17am Jan 17, 2013 6:17am
Quoting Ill-b-back
Being in UK, you can catch early NY moves?
This would present good trade setups for 30+ pips during the sweet spot period I would have thought.

I'm self employed also, going back to Uni part time to become teacher qualified also.
Yep UK open 8:30am gmt to well all day, except Tuesday and Thursdays then I have to get kids just after NY Open, which sucks.

Ex GF issues, so total lack of any focus / ability to get out of bed in the am currently, missed 100+ pips on EJ this am I see
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #88
  • Jan 17, 2013 7:15am Jan 17, 2013 7:15am
Quoting Turveyd
Yep UK open 8:30am gmt to well all day, except Tuesday and Thursdays then I have to get kids just after NY Open, which sucks.

Ex GF issues, so total lack of any focus / ability to get out of bed in the am currently, missed 100+ pips on EJ this am I see
Sorry to hear that,
Come with me if you want to live....
  • #89
  • Jan 17, 2013 7:53am Jan 17, 2013 7:53am
i think the easiest way to trade is just to let the market tell you what it's doing, just listen to the charts
Twitter: @forexpokerpro
  • #90
  • Jan 17, 2013 8:32am Jan 17, 2013 8:32am
Quote
The price moves in waves, never ever forget that, from supply to demand, to supply to demand and vice versa. So for example, in a 15 minute candle, there will be waves of 1m candles, in a 1hour candle, there will be waves of 5 minute bars, in a daily bar, there will be waves of 1hour bars, in a weekly candle there will be waves of 4hour bars and under, wave within a wave within a wave.
I posted that in another thread, but I feel its very important. The smaller timeframe you trade, the more micromanagement is required in remembering which wave you are in compared to the overall trending wave, are you in or nowhere near any supply or demand areas? etc.
  • #91
  • Jan 17, 2013 8:57am Jan 17, 2013 8:57am
Quoting GDR3k
I posted that in another thread, but I feel its very important. The smaller timeframe you trade, the more micromanagement is required in remembering which wave you are in compared to the overall trending wave, are you in or nowhere near any supply or demand areas? etc.
i have to respectfully say that is a false statement. Micromanagment is a function of your strategy not the timeframe in which you trade.
NocturnalFX is no longer offering commercial services
  • #92
  • Jan 17, 2013 6:14pm Jan 17, 2013 6:14pm
biggest argument here I can see is about timeframes.

I've traded for over 12 years now. I've traded weekly charts and i've traded m1 charts. the difference is all about how you need it to be, strategies are the same whatever the timeframe.

I did amazingly well with swings, i often had trades of 600 - 1000 pips. The differences are that in small timeframes you minimise the risk much more and look for the tightest spread, in swing you have a similar problem but it's not spread, its swap rates that can harm you (or indeed benefit).

i've found my niche in an approach that takes in all the charts but uses the 15min, 3 min and 1 min chart. my lifestyle and work dictate how i trade for as well as trading i run three businesses.

That's why I like short term trading and that's why i play to minimise risk with very specific entries and stop areas.

It's horses for courses.

Biggest problem with rookies is they want a 'system' A-B-C

trading isnt like that, give it up now if you think you'll find a magic system. been there wore the t-shirt and came out at the end..

All systems are bollocks, methods and crowd psychology are key.
https://linktr.ee/Soultrader
  • #93
  • Jan 17, 2013 6:28pm Jan 17, 2013 6:28pm
Quoting soultrader
biggest argument here I can see is about timeframes.

I've traded for over 12 years now. I've traded weekly charts and i've traded m1 charts. the difference is all about how you need it to be, strategies are the same whatever the timeframe.

I did amazingly well with swings, i often had trades of 600 - 1000 pips. The differences are that in small timeframes you minimise the risk much more and look for the tightest spread, in swing you have a similar problem but it's not spread, its swap rates that can harm you (or indeed benefit).

i've...

Checked out your Facebook, nice and simple clean entry method I like, earned yourself a vouch sir!!

*edit I see you have many, good!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94
  • Jan 18, 2013 3:02am Jan 18, 2013 3:02am
Quoting Turveyd
Checked out your Facebook, nice and simple clean entry method I like, earned yourself a vouch sir!!

*edit I see you have many, good!!
Cool, where can i redeem the vouch for pips?

https://linktr.ee/Soultrader
  • #95
  • Jan 18, 2013 4:00am Jan 18, 2013 4:00am
Quoting soultrader
Cool, where can i redeem the vouch for pips?

All the loser H4 traders wish they could do that they have hundreds of vouchers for all talking the same crap.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #96
  • Jan 18, 2013 5:25am Jan 18, 2013 5:25am
Quoting Turveyd
All the loser H4 traders wish they could do that they have hundreds of vouchers for all talking the same crap.
Nothing wrong with H4 trading bud, all depends on your lifestyle. Did you 'like' the page? i'll add you as a friend to my personal profile
https://linktr.ee/Soultrader
  • #97
  • Jan 18, 2013 5:54am Jan 18, 2013 5:54am
Quoting TPOTrader
i have to respectfully say that is a false statement. Micromanagment is a function of your strategy not the timeframe in which you trade.
Fair play, everyone trades differently and has different knowledge regarding trading.

Quoting soultrader
Nothing wrong with H4 trading bud.
Agreed, since I moved away from smaller timeframe trading, my pippage has increased massively. I've just liked your page by the way.. "no water"
  • #98
  • Jan 18, 2013 2:17pm Jan 18, 2013 2:17pm
Quoting Turveyd
All the loser H4 traders wish they could do that they have hundreds of vouchers for all talking the same crap.
Oh c'mon mate, you need to get that monkey off your back

Can I have a vouch pleeeaaassseee

lol...

Just kidding mate
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Come with me if you want to live....
  • #99
  • Last Post: Jan 18, 2013 2:21pm Jan 18, 2013 2:21pm
Quoting soultrader
Nothing wrong with H4 trading bud, all depends on your lifestyle. Did you 'like' the page? i'll add you as a friend to my personal profile
Thanks, have it with a quick link.

Add Dyl Yevrut pls, don't worry it's not my real name!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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