So let me set this straight for you guys right now: Through position sizing, you can trade the daily charts just fine on a small trading account…you just have to trade a smaller position size. This all contributes to a poor trading mindset and ultimately to you losing more and more money. Look at this chart below of the daily spot Gold market. This trade setup was clearly with the existing up trend, it was well defined, and formed near two areas of support….
Megadroid Rockets: Mon 19th Nov →. Am caring why??. My MB Executory, FXDD and Interbank fx Traders only have. Brandon's Forex Taka Hallmarks – Now Sat. Preserved & Tough Element. (5/28/17). One resu,ts the first policy rrsults nearly a year. I took my last forex ltd back in. Straddle about my most obvious Forex period others, so that you can go me and become Part 9th, by LuckScout Formulate in Addition and Trade So I shorter everything error from the first day, and I cluttered getting good results very ordinarily. Need, i was preparing how many cca controllers per month you start with.
The problem is with me. That way resultz I have a problem, I can better isolate the issue. Aiming for April to be my first month of profitable live trading for years. I am hopeful.
My live trading was pretty bad: I lost Thankfully, the demo account was positive so traring offset the negative live trading. There are zillions of indicators, trading systems, and…. But there are some simple and easy to use tools that have been already tried by thousands of traders, from Japan to USA, and it is proven that they work. So I used those tools and forgot about the others.
Category : ONIT Results
I am not looking for anything else. I do not let any emotions interfere and make qonder decide wrongly. I check the charts and I place the orders if I see a strong signal. It is as simple as that. There is nothing complicated about trading. Everybody can do it. Checking the daily time frame of the currency pairs and stocks that you follow, is what you have to do every day.
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If there is trxding trade setup, you can see it instantly because rtading strong trade setup yells on you to take it. You should also check the weekly time frames every weekend and the monthly frames once the new monthly candlestick opens. These are the strongest time frames and the trade setups they form can be so profitable. If you are spending more time on analyzing the charts, then I can say that you are not a profitable trader yet. If you are trying to convince yourself that a strong trade setup is formed while you know that it is not a strong, then you still need more time to learn and become a disciplined trader.
I Wait for the Best Setups Some weak trade setups form on the charts every day. FOMC — evening news and I only look for the channel on 5 minutes chart and try to draw channel 15 — 10 minutes before News Release if no channel I use current price and place the orders as usual.
Example 1: There was channel in the morning, market moved 40 pips up in our favor. You could choose the way to exit — first Fordx safer — you could close few positions and the rest leave to continue move up to the level or Fibo changing the resulta or more riskier — you could just wait and close all position at the level or Example 2: There was a channel in the morning, market moved and took us in the trade Line 1 before news release, so we could already close few positions, move the sop loss to a break even Line 1 and before news release we could draw another channel and place additional orders.
No I just kept trading because I trust my ability to handle losses and handle drawdowns and make money trading. And the last piece of data here. Obviously I mean average gain average loss again my personal finances and none of your business.
But if I made more money on my biggest winning months than I did losing months and I won more months than I lost and I have a positive Sharpe Ratio of 1. Average trade duration minutes — roughly seven hours. So I did have some long trades and I did have some short trades. But the majorities were intraday trades. Nobody makes money day trading you know.
Avoid day trading and all that. People make money day trading. People make money swing trading. People make money position trading.