GBPCAD considering a short position, at current price, what are are your views?
Dkt
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DislikedI start this thread with the intention to share my 15-years trading experience. Actually I already did this but my books are in Bulgarian and this could be a little hurdle to most of the FF readers. Let me explain the logic behind my trading style. After all these years trading forex and futures I understand one thing - if you want to make profits just follow the big money. That is what the trading is all about. The point is that the big guys never tell you in advance what they intend to do and you have to learn to think they way they think. The...Ignored
Disliked{quote} I can tell you now you're not following big money. "The point is that the big guys never tell you in advance what they intend to do and you have to learn to think they way they think." What do you mean tell you in advance? Broadcast it on Bloomberg TV? Big players are all in competition with each other too, no one's telling anyone what they're doing. What I keep seeing on this forum is everyone is looking at too smaller time frames. 1 minute chart really? There's nothing but noise. Think about it, if Goldman Sachs has 10 million dollars...Ignored
DislikedFirstly I would like to thank you for engaging in discussion in a civil way so thank you. What does not make sense to me is your tight, static stop placement. Your stop should be placed somewhere structural so that if it gets hit it means change = change in context and direction, that way you don't get stopped out for no reason. The big guys know you don't know where to put your stop hence why we see stop runs all the time. They use your stops as liquidity to fill their orders in fact you could call it stop hunting. I understand order flow probably...Ignored
DislikedHave you considered swing trading, at least that way it isn't so stressful and you can look for good R:R. It also allows you to do something else with your day lol. By looking at higher time frames like the weekly and monthly you can work out the path of least resistance (which way it's most likely to go) and leave it to do its thing instead of aiming for a few pips. If you take swings on say a weekly time frame if you trade the extremes of the range your R:R will be huge. For example; I'm desperately trying to short the USD/JPY right now just trying...Ignored
DislikedThat's fair enough. You can obviously apply the same strategy but to a smaller time frame. Anyway all the best.Ignored
DislikedHi, do you trade the breakouts of the supports/resistances or trade them as solid points of bounces, and is there any fixed tp/sl?Ignored