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Secrets to improve your trading performance

  • #41
  • Jan 18, 2017 6:59am Jan 18, 2017 6:59am
Realise that when there is thrust it means something. What, you don't know but the price action afterwards often gives great clues.

Thrust means a sudden imbalance of supply over demand (or vice-versa) so it's very important. Thrust is also the go-to weapon of the boys and like any good weapon it has 2 district uses, either to hurt or to scare. Hurt in the form of losses and scare in the form of keeping traders from buying (or selling).
Road To Wisdom? To err and err and err again, but less and less and less...
  • #42
  • Jan 18, 2017 7:22am Jan 18, 2017 7:22am
Quoting Mingary
{quote} Yes. A very very small insignificant "least" and it's a "not of this world / Some of the time / not all of the time." deal
Very few of us will make money trading forex,the only person who makes money always from the forex market is the broker.Whether your making loses or profits at the end of the day you work for your broker.
100% KENYAN.
  • #43
  • Edited 1:45pm Jan 18, 2017 8:40am | Edited 1:45pm
The more you can learn to judge the character of the current price action especially in relation to changes in character from the past movement the better a) your entries will be (and non-entries) and far more importantly b) the better you'll get at profit taking. Profit taking is what separates the best traders in this game from the also-rans, not their entries. Anyone can get the entry right, but where to take it off for profit relies on pure skill, judgement and experience.

People go on about secrets in this game and as everyone knows, there aren't any but learning to judge the character of price comes pretty close.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #44
  • Edited 3:51pm Jan 18, 2017 3:41pm | Edited 3:51pm
Quoting Calculus
The more you can learn to judge the character of the current price action especially in relation to changes in character from the past movement the better a) your entries will be (and non-entries) and far more importantly b) the better you'll get at profit taking. Profit taking is what separates the best traders in this game from the also-rans, not their entries. Anyone can get the entry right, but where to take it off for profit relies on pure skill, judgement and experience. People go on about secrets in this game and as everyone knows, there...
Talking about profit taking.

Closed GBPJPY +430 pips
CLosed UsdJPY +200 pips

Trading is simple: BUY or SELL and when to get out. Long term survival is what separates the best traders. Accumulation of pips is the goal. Just like poker, the accumulation of chips. You need pips to survive.

-The Rookie
You came here for the truth and let me unveil it for you
  • #45
  • Jan 18, 2017 4:10pm Jan 18, 2017 4:10pm
Quoting RondaRousey
{quote} Talking about profit taking. Closed GBPJPY +430 pips CLosed UsdJPY +200 pips Trading is simple: BUY or SELL and when to get out. Long term survival is what separates the best traders. Accumulation of pips is the goal. Just like poker, the accumulation of chips. You need pips to survive. -The Rookie
You still sound and act like a rookie.
100% KENYAN.
  • #46
  • Edited 8:31pm Jan 18, 2017 8:06pm | Edited 8:31pm
Quoting executivefx
{quote} You still sound and act like a rookie.
And that is why you struggle with EUR/USD. How much have you made so far this month? Give us some samples of your trades. You claim to be a pro trade with no talent. You oversell yourself and under perform.

Went Long on GBPJPY at 139.2
Went Long on USDJPY at 114.1

check the current prices of these currencies.
You came here for the truth and let me unveil it for you
  • #47
  • Jan 18, 2017 8:36pm Jan 18, 2017 8:36pm
Biggest secret? Once you've decided your lot size, SL & TP, never ever move the SL. Take the loss. For the number of times moving the SL helped you avoid a loss when it moved back your way, that one time where it doesn't retrace is where you'll undo 3-6 months of slow progress. It takes months to build a house but only a couple of hours to burn it down. Take the loss!
  • #48
  • Jan 18, 2017 11:08pm Jan 18, 2017 11:08pm
Quoting RondaRousey
{quote} And that is why you struggle with EUR/USD. How much have you made so far this month? Give us some samples of your trades. You claim to be a pro trade with no talent. You oversell yourself and under perform. Went Long on GBPJPY at 139.2 Went Long on USDJPY at 114.1 check the current prices of these currencies.
I know the truth hurts and i have nothing to prove to you thats rookie behavior.If you are used to something you cant really go bragging about it much less the pips you made today.
100% KENYAN.
  • #49
  • Jan 18, 2017 11:11pm Jan 18, 2017 11:11pm
Quoting oztrader79
Biggest secret? Once you've decided your lot size, SL & TP, never ever move the SL. Take the loss. For the number of times moving the SL helped you avoid a loss when it moved back your way, that one time where it doesn't retrace is where you'll undo 3-6 months of slow progress. It takes months to build a house but only a couple of hours to burn it down. Take the loss!
I agree with you on this one but it really depends on you risk reward ratio and also your win rate.
100% KENYAN.
  • #50
  • Jan 18, 2017 11:35pm Jan 18, 2017 11:35pm
Quoting executivefx
{quote} I agree with you on this one but it really depends on you risk reward ratio and also your win rate.
Sure, but my point is that when making the trade you've defined your parameters, by moving your SL essentially mid trade you change these and expose yourself to greater risk on the fly. You may get away with it a few times, building a false confidence, but when you get hit you will get hit hard.
  • #51
  • Jan 19, 2017 3:59am Jan 19, 2017 3:59am
Quoting RondaRousey
{quote} Trading is simple: BUY or SELL and when to get out.
Trouble is nobody with a long term track record of success in this business will say it's simple. Yes, some trades might be, but the implementation of many trades in real-time trading isn't.

Either they are wrong and you're right, or you're wrong and they're right.

If you're right they must be doing it all wrong.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #52
  • Jan 19, 2017 7:49am Jan 19, 2017 7:49am
Wow...I thought this was going to be a great thread...with the start of the theme...but it has turned into a snobbish pissing match.
@xxxx§|[::::::::::::::::>
  • #53
  • Jan 19, 2017 2:11pm Jan 19, 2017 2:11pm
One important point that traders overlook is mental clarity,find a way to vent out any issues that you might be going thru before you approach the market.
100% KENYAN.
  • #54
  • Edited 6:51pm Jan 19, 2017 6:36pm | Edited 6:51pm
Quoting executivefx
{quote} I know the truth hurts and i have nothing to prove to you thats rookie behavior.If you are used to something you cant really go bragging about it much less the pips you made today.
Took profits on GOLD +5380 pips

The truth hurts that you are no match for my trading. You don't need to claim to be a pro trader. Let your trading performance do the talking.

I gifted you 2 trades to go long on GBPJPY and USDJPY about a day ago. You would have been up 350 pips. It was up to you as to when to take profits.
You can take a donkey to water but you cannot make it drink.

How long does it take you to make +5380 pips as a pro trader trading EURUSD? 5 yrs, 10 yrs? a lifetime? Improve your game.

So getting back to your thread: Secrets to improve your trading:

Get a more talented trader to trade for you.

I think I have proven my point.
Good luck.
You came here for the truth and let me unveil it for you
  • #55
  • Jan 19, 2017 11:58pm Jan 19, 2017 11:58pm
Quoting RondaRousey
{quote} Took profits on GOLD +5380 pips The truth hurts that you are no match for my trading. You don't need to claim to be a pro trader. Let your trading performance do the talking. I gifted you 2 trades to go long on GBPJPY and USDJPY about a day ago. You would have been up 350 pips. It was up to you as to when to take profits. You can take a donkey to water but you cannot make it drink. How long does it take you to make +5380 pips as a pro trader trading EURUSD? 5 yrs, 10 yrs? a lifetime? Improve your game. So getting back to your thread: Secrets...
This is a tale told by an idiot full of sound and fury signifying nothing,shakespeare.
100% KENYAN.
  • #56
  • Jan 20, 2017 12:06am Jan 20, 2017 12:06am
This web site is full of flash-in-the-pan retail forex enthusiasts usually seeing amazing things in their demo account, some real, but all short lived (:
  • #57
  • Jan 20, 2017 12:11am Jan 20, 2017 12:11am
Quoting Mingary
This web site is full of flash-in-the-pan retail forex enthusiasts usually seeing amazing things in their demo account, some real, but all short lived (:
Im not short lived, relatively speaking, but I just think trading is like any other business and has to be treated as such. It's no get rich quick scheme but has advantages over other forms of traditional business (staff costs etc...)
  • #58
  • Jan 20, 2017 12:20am Jan 20, 2017 12:20am
Quoting Mingary
This web site is full of flash-in-the-pan retail forex enthusiasts usually seeing amazing things in their demo account, some real, but all short lived (:
I just nominated your image here http://www.forexfactory.com/showthre...74#post9459774 i think that you would make a good forex trading comedian lol.
100% KENYAN.
  • #59
  • Jan 20, 2017 12:31am Jan 20, 2017 12:31am
Quoting executivefx
{quote} I just nominated your image here http://www.forexfactory.com/showthre...74#post9459774 i think that you would make a good forex trading comedian lol.
No doubt that most take it way too seriously.

"You must treat it as a business"
"You must control your emotions"
... and dozens more.
.. so many rules, so little success (:
  • #60
  • Jan 20, 2017 12:58am Jan 20, 2017 12:58am
practical experience is important but never invest big amount first time until you learn to make profit three month with 100 closed trades , this is my opinion ...

i learned something that we must use SL use 4h chart and trade between day range ...
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