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Maybe you want to attempt this exercise:
~02:23:
Here's a workout for some people. The next time you're just going to put a trade onto you pick something heavy and go Puf (hit your mind). Then write down where you're likely to buy and where you're likely to set your Stop Loss. Do not BUY it but place an order in to BUY it at where you are going to set your SL...
I'll try it tomorrow on my own Demo account however I will skip the part banging my mind. . .LOL... :--RRB-))
Great luck to me and you
Well, I seem based on the others trading egy or egy would not be a fantastic solution at all! Traders will need to identify their entry and exit points in accore with their private trading plan! In cases like this, I use support and resistant levels with Moving Average trading indior.
It really works really well so far- keeps me out of many bad transactions and lowers drawdown. I utilize opinion as a contarian indior- it's my belief that market manufacturers are out to get retailers and it's smart to not possess a set-in-stone entry principles so to be less predictable and therefore less likely to get caught earning money.Quote:
Originally Posted by ;
If I can chip. Why is your commerce profitable? Is what happens after your transaction is triggered that matters. That you do not have control over. Everything you do have control over is place dimensions and if to get out.
A system incorporating positions to your winning trades when(price goes in your leadership and let them operate, tends to operate very well in the long run.
What does losing traders perform? They cut their winners and allowing their losing positions operate. Or even worse, adding to their trades.
I think analyzing what 95 percent of traders do wrong, might get you are great thought on what not to do and perhaps earn a egy on that.
Yes, this is why I use traders opinion as among my countrarian entry signals, among with countrarian standard indior. I do not wish to really go into much detail on my entrances and exits. There are few things I heard in years of studying about Foreign Exchange. Main points is 95% collapse and Lagging Indiors- and the losers preaching Strong Entrance Rules and retarded money management. So I think that counterintuitiveness and unpredictability is key.Quote:
Originally Posted by ;
Thank you, very good video. That is somewhat like exactly what I am trying to do.Quote:
Originally Posted by ;
Stated there @cabbiefx the more predictable you are in trading the more you go into 95 % of losers figures.
Forgive my bluntness, but it seems like you do not have a great deal of egy, and are more or less placing transactions at random.
The best advice I could offer is stop trading live, switch to demo until you've got a properly thought out and tested egy. Forget signals and autochartist. You need to develop your egy, not rely upon somebody else's.
Each time you enter a trade it should be since the rules of your proven and tested egy dictate it. You should know beforehand (since you've meticulously back-tested it) exactly what the probability of success or failure is for your given setup. You can use this probability to calculate TP and SL levels.
Otherwise, you truly have no control over your trading, which is a certain way to lose in the long run.
With all due respect, this forum is full of what you're advising. To put simply- it's my egy not to own one. I just found this topic here https://www.forexforum.co.za/trading...imeframes.htmlQuote:
Originally Posted by ;
And really mych like what's discussed there, similar perspective on egies. And incidentally, I use no sl- margin call is my own sl. I get margin called every other day and profitable. And as for demonion, I dont do that, I use money I can afford to lose to clinic.
Well I use moving average indior to filter my entrance and exit stage! I don't rely on just MA trading indior.Quote:
Originally Posted by ;
I also looked into doing precisely the reverse a few months ago, that led me down the course of opinion indiors that cabbiefx was referring to.
Retail traders love to pick tops and bottoms that's clear to see using Oanda's standing ratio analysis (shows the % of long vs short position). I see it a lot of times where a pair includes a bias for one side along with the chart reveals it trending in another direction.
Everything I like to search for is that type of a setup (prejudice in 1 direction) along with also a candlestick formation indior the reverse (continuation of the trend). I'd look to get out whenever the bias starts shing to neutral (45-55%).
Hope it helps.
I'm one of those amateurs who supposed to lose all of the money in forex. I don't get it right. I accidentally hit a buy instead of market last week and that was my only profitable commerce. I am very contemplating just doing opposite of everything I feel like, i.e. buy instead of sell, sl and tp switch. But my mind will play tricks on me and I will lose anyway. So looking over my near-perfect loosing every single commerce, I think about attempting these:
Maintain using same, bs indiors, autochartist signals or traders opinion, BUT:
rather than entering lets say short at market, put a short entry order(sell limit) in half ADR above current price(reverse for long). In unlikely case that the first analysis was correct, I will simply miss the commerce which is better than what I usually do that is loose money. In case I was wrong and entered countertrend as always, I'll be half-ADR less from the red. What I am aiming for is I will enter more near where I need to enter according to exactly what went wrong with preceding transactions- they always go where I predict but not before hitting SL or margincalling. This entrance adjustment will save drawdown and increase green pips. So beginning next week I shall try this on multiple pairs and see what happens. I won't ever NEVER trade against higher TF trend. What I am trying to state, market tends to overshoot my entrances and exits that would be good calls differently, when they were made at different price level- and I think this entrance adjustment method could remedy it.
Ideas?