Challenging a Loser | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Winner/Loser Index 3 replies

A loser coming back for another fight 4 replies

A Loser System Wanted 90 replies

Confessions of a Pip Loser 1 reply

Seasoned newbie and professional $$ loser 36 replies

Attachments: Challenging a Loser
Exit Attachments

Challenging a Loser

  • #61
  • Nov 23, 2014 7:15am Nov 23, 2014 7:15am
Quoting Pipalicious
{quote} I dont understand what timeframes have to do with this (by the way, its m1).
Hi, a lot has to do with time frame.
If you chart is on the weekly or daily and for instance e/j was being traded, you would be doing well just trading inside bars. You only need that information.
same with daily break, if your chart is daily.
every time a candle moves it is due to a reason, trade your lines and if any news is coming out stay out simple. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62
  • Nov 23, 2014 1:19pm Nov 23, 2014 1:19pm
Quoting SunTrader
{quote} Except I trade over hours to days which means on average 1-5 trades per week. Someone who trades using a M1 chart I would guess averages a helluva lot more than 1-5 trades per week. Otherwise why put in all the time staring? So no, not all the same.
I trade m1. During certain active periods I can do 60 to 90 trades in a couple hours

There are times where I can pick tops and bottoms of the activity, which many deem "noise", to almost a pip accuracy.

Then there are times I wouldn't be willing to make one trade at all.

Note: I don't only watch m1, I just trade off m1. No indicators either. I also am up to date on all the fundamental news.
  • #63
  • Nov 23, 2014 1:30pm Nov 23, 2014 1:30pm
Quoting Pipalicious
What i propose here is a a new challenge only for the open minded. A way of thinking outside the box and coming up with creative ideas. Losing trades are rarely discussed here, and more importantly, WHY it was a losing trade. And if it is, the answer is always a conventionally opinionated reason. If you know when NOT to trade, you will know WHEN to trade. The markets are dynamic and this is why it is so hard to truly identify a high odds trade from an absolute flop of a trade. This game is solely intended to inspire people and get them to see (and...

well.. just stumbled over this thread

but.. here is my contribution..


would have gone long on A if...

and would have gone short on B if,,,

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt1.png Size: 10 KB



Attachment
  • #64
  • Dec 9, 2014 8:39am Dec 9, 2014 8:39am
Quoting teddybomber
{quote} I trade m1. During certain active periods I can do 60 to 90 trades in a couple hours There are times where I can pick tops and bottoms of the activity, which many deem "noise", to almost a pip accuracy. Then there are times I wouldn't be willing to make one trade at all. Note: I don't only watch m1, I just trade off m1. No indicators either. I also am up to date on all the fundamental news.
I was talking real not demo.
  • #65
  • Dec 9, 2014 9:04am Dec 9, 2014 9:04am
if you mean we should trade them based on the last candle? I would not trade any of them, simply because there isn't enough data for me to decide
Bulls are stupid Animals!especially when Im short!
  • #66
  • Jul 18, 2015 11:33am Jul 18, 2015 11:33am
Do retail traders have access to real and accurate money flow data?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #67
  • Dec 10, 2017 1:21pm Dec 10, 2017 1:21pm
Quoting CrucialPoint
Challenging a Loser Important Note: These are not for sale. I will never ask money from anyone. Anyone who proclaims to be me or in association with me (CrucialPoint) are scams. Do not pay any money to anyone proclaiming they have these algorithm as they will never be for sale... ever. ***The indicators used here are NOT for sale.*** ***These are exclusive and will NEVER be available to the public*** 1. Consolidation {image} This is one example of "when to trade and when not to trade". No money coming in and no money...
I just read this post. Makes a lot of sense so thanks for sharing !
Staying in my lane...
  • #68
  • Dec 22, 2017 9:22pm Dec 22, 2017 9:22pm
Quoting PrymeTyme
{quote} here is my contribution..
That is the smartest guy around. The sad thing is, no one even noticed it...
Maadik Hugiis. IQ 69.
  • #69
  • Dec 24, 2017 5:23am Dec 24, 2017 5:23am
Quoting MoneyZilla
{quote} That is the smartest guy around. The sad thing is, no one even noticed it...

Geniuses always stand in the shadow. So its ok.
  • #70
  • Edited 1:28pm Dec 24, 2017 12:36pm | Edited 1:28pm
There is a LOT of information missing. The timeframe, what news is involved, what news is expected, how the market moved up until that point, ect.

Blindly I would go with B. The long up candle followed by two short long candles and followed by a long long candle with a solid retracement to it's base looks like it may have been a beartrap. But the length of the candles involved suggests that it was still above some form of support from the two short up candles. I won't get into all of the details but I wouldn't have taken either trade by looking at just this. For all I know this is a 1m chart... just some noise and only one of the moves was barely enough to cover spread. Approximately 50-50 odds aren't good enough for me in a negative-sum game.

At the very least show me more flips of the coin or more detail to the candles. Preferably the tick-data from the last 20 years so I know what most of the market wants. If you really want me to take the trade without that information then show me what other pairs with high or low correlation are simultaneously doing. But, for the love of god, at least give me TIME to work with here.

It's not about timing the market so much as time in the market.
"The fun is in the hunt. Not the kill."
  • #71
  • Dec 29, 2017 2:36am Dec 29, 2017 2:36am
Risk comes from not knowing what you are doing, once said by Warren Buffett. If you are consistently losing, it means you do not know what you are doing. Only solution to this is you have to study a lot. It is said that knowledge is power. But knowledge becomes power when it is applied. Learn how to apply your knowledge effectively.
  • #72
  • May 23, 2021 6:41am May 23, 2021 6:41am
We are all extremely well studied at Forex.
Please excuse the bad English via Google Translate.
  • #73
  • Mar 4, 2023 5:07am Mar 4, 2023 5:07am
Wouldn't want to complicate things.
As already said. It doesn't matter the TF(it could also be volume, tick, range or some other thing based candle) but the move should cover at least the spread otherwise you couldn't make a profit in any case.
Attached Image (click to enlarge)
Click to Enlarge Name: tempsnip.png Size: 17 KB
  • #74
  • Mar 5, 2023 10:26am Mar 5, 2023 10:26am
cDon’t challenge a loser becaue your challenge can weaken his confidence. Rather than that try to help him to the fullest to pull him up from the hole. Forex is challenging but learning can make it easier.
  • #75
  • Last Post: Mar 6, 2023 5:19am Mar 6, 2023 5:19am
Aliens landed on a chart during the weekend(not in a saucer).
Are you able to make a profitable trade off their spaceship? Why not?
Do you need any other "indicator"?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 42 KB
0 traders viewing now