I need help getting out of operations.

[qiesko21]

Hello everyone, I started on this trading in forex about 18 months ago. In the first two months I reinvented my account. I lost $7,001. I did everything without any idea, I started to operate leading by what I read there. After that loss I got away for a while, I was quite touched and I thought I would never try it again. After about a year, I went back to pick up the worm and opened a graph again. The truth is that this time I saw it all much clearer. I started to read, not forums, but technical analysis books. At first I believed that everything was solved with a good system, but then I understood that what I had to do was to focus on operating well, using only technical analysis, without messing with complicated systems. I tried to study all possible indicators, but honestly, I started to make decisions seeing signs that were based on the same price. I did not see it all the way. So I decided to leave the indicators aside. I just kept using the volume, although it wasn�t very reliable. I did it. I opened a demo account and I started to test it. I DID it. I DID it most effective and I did it. I did it. I did not work much. I did it. I did it.

[ako]

Congratulations for your progress! Doing between 351 and 401 pips a month is brutal. If I had achieved that in the last five months, I would be operating full-time and leaving my job. I know that the topic of the exits is complicated. You can mark a clear output target according to your style. Keep track of how much progress each operation continues in your favor after closing it. So you can calculate how far you could have come on average. You can also use a dynamic stop right below or above the last swing. Try some indicator like a mobile media, an oscillator or a simple trend line. You can also use trailing stops, although for me they have been the least effective. But if you are already getting those pipes a month, it is clear that something is doing right. Forex: the most difficult way to make easy money.

[qiesko21]

Your story reminds me of mine. We have all gone through that phase of wanting to find "the perfect system" and in the end you realize that the most important thing is how you manage your decisions. I applaud you for not depending on indicators, that shows that you are already seeing the market more clearly. As for the exits, something that helped me a lot was to leave everything programmed with partial orders. You take profit in stages and so you don�t suffer so much mentally. You can also leave a small percentage running with a large trailing stop. So you keep the open potential without consuming the stress of seeing setbacks.

[qiesko21]

Hey, if you're taking out almost 400 pipers a month and complaining, then I don't know what you're waiting for. Do you want the market to give you 1,000 pipers too or what? Yours sounds more like perfectionism than real need to improve. Now, if you really want to optimize, stop thinking about loose pipes and start analyzing larger market structures. Watch how the price behaves in larger temporalities and use that to plan your exits. Letting run an operation doesn't mean looking the other way, it means managing it with your head.

[qiesko21]

What you're counting on is super valuable. Many don't dare publicly acknowledge that they lost money or that it cost them to start. You already made the most difficult path: you fell, learned and came back. That already says a lot about you. On exits, you might think about setting fixed targets according to the behavior of the pair you operate. If you use ATR for example, you can calculate an average reasonable distance. You can also try closing half with fixed gain and letting the rest run. That has given me quite good results.

[qiesko21]

Look, what happens to you is the most common thing in the world. The problem is not the technique, it's the fear. That need to secure profits is stronger than any analysis. I tell you because I also closed as soon as I saw green numbers, for fear that they would vanish. What helped me was to change the chip: instead of thinking about protecting profits, I started thinking about protecting my process. If the entry was good and everything is still aligned, why close? Let the market throw you out. But that does, do it logically, not with hope.

[qiesko21]

Your strategy of operating without indicators seems brutal to me. You have to have eggs to look at the peeled chart and decide on the basis of pure price action. Many do not dare to try. Now, if you already have solid inputs, the exits have to obey an equally logical structure. Why don�t you try marking profit making zones based on previous resistances or key levels? And if the price shows signs of exhaustion, there you close. Don�t base yourself on the pips, base your decision on price behavior.

[qiesko21]

Your problem is not technical, it is emotional. You want the best of the two worlds: to ensure profits and at the same time not to lose opportunities. And I understand you, because that is exactly what makes us human. But in trading, that kind of thinking blocks you. Start by establishing an exit plan before opening the operation. No improvising. If your analysis tells you that the TP is 100 pips, do not close in 60 just because you were afraid.

[qiesko21]

I don�t know why you apologize for your English when you�re saying things that are more sensible than 90% of the forum. You�ve come a very valuable way, and I assure you that you�re in a more advanced stage than you think. My advice: Work on mentally dividing each operation into stages. If you�re winning 60 pips and your target is 100, consider closing half and moving the other stop to the point of entry. That�s how you reduce the emotional load and you�re still inside the game.

[qiesko21]

I operate in a very similar way to you: without indicators, without news, only with price structure. And the truth, since I do so it goes much better. Yes, it is not easy to keep your head cold when you see profits and feel that you can escape. One thing that helped me was to use alerts instead of looking at the screen all the time. Mark your ideal output level, put an alert and forget. So you do not fall into the temptation to close before time just because of anxiety.