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What Would You Do Differently Today for Better Trading Results?

  • #201
  • Aug 12, 2016 12:27am Aug 12, 2016 12:27am
I learn daily. And one of the things I learnt recently was that even though I'm a swing trader based on the 4H setups it has proven really helpful for me in one of my strategies to explore lower time frames, in fact as low as 5 Min, to pinpoint entry particularly in a market that does not show much pull backs on the 4H time frame. What about you, have you learnt anything recently that could help you trade better? Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #202
  • Aug 12, 2016 7:27pm Aug 12, 2016 7:27pm
Each week I learn that trading in Pacific Standard Time (PST) has been my biggest challenge. The markets are liquid primarily during the London and US trading sessions. Not that it's an exact science but I often see price move at 2:00 am, 5:30 am and 8:00 am. I'm either exhausted, sleeping or getting my kids ready for school and work. Trying to go to sleep early or stay awake has really messed with my sleep patterns and caused me to make poor executions.

Sometimes I'll find a move during Asia but unless your in front of the computer from 3:00 pm to 12:00 am I often miss the move. This has lent itself to forced trades and over trading. In addition, missing the move has encouraged me to deviate from my strategy which requires a lot of patience and confluence.

I'm in the process of making some lifestyle changes that I hope will help me adjust to the challenges associated with trading from San Diego, California.
  • #203
  • Aug 14, 2016 3:59am Aug 14, 2016 3:59am
Quoting sdcasper
Each week I learn that trading in Pacific Standard Time (PST) has been my biggest challenge. The markets are liquid primarily during the London and US trading sessions. Not that it's an exact science but I often see price move at 2:00 am, 5:30 am and 8:00 am. I'm either exhausted, sleeping or getting my kids ready for school and work. Trying to go to sleep early or stay awake has really messed with my sleep patterns and caused me to make poor executions. Sometimes I'll find a move during Asia but unless your in front of the computer from 3:00 pm...


I’m with you m8! I learn daily. In fact to prosper in this business, as in any career or aspects of life, you must be in a continuous learning mode. Green pips to you.

KP
Do your homework, follow the footprints of smart money
  • #204
  • Aug 14, 2016 7:39am Aug 14, 2016 7:39am
In the past three weeks I have been tinkering with the steps and criteria I use for the weekly scan and analysis of the pairs on my watch list. Last week I reviewed all the criteria I use and found that some of them could be combined or even expunged. I have now settled for a more efficient rating system that help me rate the 3-4 pairs I could trade on priority basis. What about you? What have you worked upon or learnt recently that could help you trade better this week?

KP
Do your homework, follow the footprints of smart money
  • #205
  • Aug 14, 2016 8:37am Aug 14, 2016 8:37am
Cherry pick your trades
  • #206
  • Aug 15, 2016 7:32am Aug 15, 2016 7:32am
Quoting mrhb30jr
Keep journal your trade, learned from ur journal ...
Right, man!
  • #207
  • Aug 15, 2016 7:38am Aug 15, 2016 7:38am
Quoting Nigelo
Cherry pick your trades
Go for trades that offer the best risk:reward ratio and high probability of success rather than chasing the market/price or jumping on trades.

KP
Do your homework, follow the footprints of smart money
  • #208
  • Aug 15, 2016 7:41am Aug 15, 2016 7:41am
Quoting Matt098
{quote} Right, man!
What books can teach if they all write about the same things ..
The Internet is huge pile of crap at all.
Keep an eye on the market changes, it behaves differently in recent months. Go to new theories creation. And yes, keep a journal.
  • #209
  • Aug 15, 2016 7:48am Aug 15, 2016 7:48am
You can learn a lot about market structure and tracking the market from this gentleman's video:
Inserted Video


KP
Do your homework, follow the footprints of smart money
  • #210
  • Aug 15, 2016 7:52am Aug 15, 2016 7:52am
Quoting sdcasper
Each week I learn that trading in Pacific Standard Time (PST) has been my biggest challenge. The markets are liquid primarily during the London and US trading sessions. Not that it's an exact science but I often see price move at 2:00 am, 5:30 am and 8:00 am. I'm either exhausted, sleeping or getting my kids ready for school and work. Trying to go to sleep early or stay awake has really messed with my sleep patterns and caused me to make poor executions. Sometimes I'll find a move during Asia but unless your in front of the computer from 3:00 pm...
What kind of Lifestyle changes?
  • #211
  • Aug 15, 2016 8:00am Aug 15, 2016 8:00am
Quoting Allchart
{quote} What kind of Lifestyle changes?
Hi, m8! Let's not put any contributor here under any pressure. If you have anything to share, please do so. If you want sdcasper to please give further information, let's do so with respect. Please, refer to my first post and the general rules lol.

KP
Do your homework, follow the footprints of smart money
  • #212
  • Aug 15, 2016 8:57am Aug 15, 2016 8:57am
Quoting Aussi
{quote} go and find a indicator called flo2 and put it on your chart allways room for learning on forex keenpips good luck
Hello Aussi,
i try and search orund for "flo2 indicator" and no luck. I would appreciated if you have a link where we can find one, ore you can upload yours for us
Thanks
  • #213
  • Aug 16, 2016 7:10am Aug 16, 2016 7:10am
Nuggets:

‘If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.’ - Bill Lipschutz
Do your homework, follow the footprints of smart money
  • #214
  • Aug 18, 2016 7:10am Aug 18, 2016 7:10am
One of the things I learnt recently is the strategic use of technicals and fundamentals. As I base my analysis mainly on technicals, I have seen the need to incorporate fundamentals to fine tune my perspective and time my trade. Another aspect is mastering the core behaviour of the pairs I trade. In this regard, I have now decided to reduce the number of pairs on my watch list and focus primarily on the pairs whose economic background I have a good mastery of. What about you, have you learnt anything recently that could make you a better trader?

KP
Do your homework, follow the footprints of smart money
  • #215
  • Aug 19, 2016 2:32am Aug 19, 2016 2:32am
Just my 10 cents:

Always remember that the strategic combination of technicals and fundamentals would offer the best trading results overall.

KP
Do your homework, follow the footprints of smart money
  • #216
  • Aug 19, 2016 3:27am Aug 19, 2016 3:27am
Quoting KeenPips
Just my 10 cents: Always remember that the strategic combination of technicals and fundamentals would offer the best trading results overall. KP
trading by using trading strategies that fit will be optimized in the pursuit of profit
  • #217
  • Aug 19, 2016 7:01am Aug 19, 2016 7:01am
Quoting gabanda
{quote} trading by using trading strategies that fit will be optimized in the pursuit of profit
I hear you. However, how do know such trading strategies? How do you arrive at trading strategies that would result in consistent profitability in the long run?

KP
Do your homework, follow the footprints of smart money
  • #218
  • Aug 19, 2016 7:07am Aug 19, 2016 7:07am
Without doubt, I would trade less.

Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. – JESSE LIVERMORE
"If The Fool persists in his Folly he will become wise." - William Blake
  • #219
  • Edited 7:30am Aug 19, 2016 7:11am | Edited 7:30am
Quoting The Fool
Without doubt, I would trade less. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. JESSE LIVERMORE
Succinct! Much respect bro.
Do your homework, follow the footprints of smart money
  • #220
  • Aug 21, 2016 11:57am Aug 21, 2016 11:57am
When I started doing a weekly scan and analysis of the pairs on my watch list some months back, I was primarily focused on my main bias from the standpoint of a short-term swing trader. However, this has led to me waiting too long to enter trades or missing out on very good opportunities because I discountenanced other scenarios. Much recently, I have learnt to create scenarios for long and short trades for each pair that meet the criteria I set. That is, to state under what conditions I may go long or short on each pair. This has been highly beneficial to my trading. What about you, is there anything you learnt recently that you would like to share with fellow traders?

KP
Do your homework, follow the footprints of smart money
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