sbnelson2005's Posts - Page 2

I want only a safe 4% each month... Which EA?? Thank you في التجار ذوي الخبرة Oct 18, 2015 at 10:57

Try this post here:https://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1My opinion is that an EA by itself will always ultimately fail as it does not adapt to the changing market conditions. Follow a proven signal provider with consistent returns and small draw-downs.

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 18, 2015 at 10:31

Answers:1. Of course we all know it's the Big Boys who control the market. These banks have the ability to move the market to enable them to get positioned on the right side of the market. When they want to short they don't just hit the sell button. they have to drive price higher to find buyers (ie all the stop resting above the market).2. Volume! It is the only real indicator that matters and is the only one I have on my charts. Until you watch volume and how price reacts to those volumes you will be flipping a coin at best. Do yourself a favor; strip all those indis off your charts ...

Minutes,hours,days,does it make a difference. في المتداولون الجدد Oct 17, 2015 at 23:54

The best time to trade is when you see price reject off high volume nodes. As your friend can tell you the big banks have to get positioned with Billions of dollars. That takes liquidity and volume. I trade based on the reactions of the market off these levels. You can find these trades during almost any regular market session. Of course the two best markets are the EU and USA sessions. I have taken trades all last week during the Aussie and Asian sessions crossover with great success.My suggestion, stop trying to micro focus and pay attention to what matters......volume and price action.

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 16, 2015 at 23:27

No need for sarcasm. This thread was meant to help new traders find their way. Lets stick to that!For all new traders here:1. Who controls the market you wish to trade?2. Where in the charts can you see them, what indicator is not lagging?This is where your education needs to begin.

recently joined. في المتداولون الجدد Oct 16, 2015 at 22:04

Nobody wins 100% over the long haul. Top money managers are happy with a 60-70% win rate. They know that limiting risk and letting profits run will allow for an excellent return.I started a thread for new traders in the hopes of helping those new to forex:https://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1Come on over and ask any questions you may have! CheersSteve

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 15, 2015 at 10:30

Well said! I always say that trading is the "Hardest" easy money you will ever make! When you are in the zone and doing well everybody is your best friend. When you hit the rough patch with choppy performance it's like you where the one who farted in the elevator. Then you have a series of losers (Even the top 10 banks having losing months) all you'll hear are the crickets. Just like major sports figures who suffer the cold streak.Remember, it's the big picture that matters. When I have a losing trade I immediately go back to my performance sheet and say "Oh yeah, I...

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 14, 2015 at 10:12

Ok, getting a bit off topic. I started this to try and give back to the new traders struggling. They have to become profitable before they can withdraw! Right?

Execution differences - Demo account vs. real account في المتداولون الجدد Oct 13, 2015 at 14:32

I used to be with Oanda as they have an excellent reputation for financial security. The problem is with their Liquidity during high volume spikes. Their spreads can become gargantuan and blow your stop so be careful. If you are swing trading longer time frames it may not be an issue but I had my stop blown way too many times to only have the trade work out. FYI

How to increase trading skills ? في المتداولون الجدد Oct 13, 2015 at 02:21

It amazes me how many people agree that the Big Banks control the markets but refuse to LISTEN when they speak. It's VOLUME at LEVELS and how price reacts to that volume that tells you where the market SHOULD go. Took this trade tonight, see if you can tell me why.https://youtu.be/11TZQ690xloHit pause near the end. Sorry but this site having trouble uploading images tonight so I just went youtube route.

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 12, 2015 at 15:45

Not sure how it's confusing so I'll try and clarify. I look at specific price action at high volume nodes and then react based on what price does. I don't chase the market if price doesn't come to "Where I'm willing to deal". Many new traders will just jump in and chase! Then have the market move against them and hope and pray it turns around. Not a good way to trade.

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 10, 2015 at 11:56

Patience is Key! Especially for "New Traders". That is the point. Too often the new traders feel the need to be "IN" the market or they will miss out. Unfortunately they end up getting "IN" at the exact wrong time because they lack the experience. Experienced traders wait for the market to come to them and then pull the trigger looking for the expected response. When we don't get it we cut our loss quick and move on to the next.

Honest truth about forex..... في المتداولون الجدد Oct 10, 2015 at 11:50

I don't think there's any need to call "his rules" BS. For many that are just starting off it is sound advice by removing the temptations that can easily blow an account.Keep working it kmartyn because the pot of gold is truly at the end of the hard work and experience "Rainbow"!

Im lose... في المتداولون الجدد Oct 06, 2015 at 12:12

I started a new topic for new traders just like you. You can find it here:https://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1Your statement doesn't give me much to go by, but come visit this post and I will try to help!Steve

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 05, 2015 at 10:52

Well said vulkanai! Stick with it and you will make it. Patience is the key.

NEW Traders beware the EASY ROAD to riches! في المتداولون الجدد Oct 04, 2015 at 11:23

I started this post after reading through the multitude of posts asking the same question: "Which EA will make me rich in the next two weeks?"The Answer: The Holy Grail of Trading does NOT exist!In an effort to be completely transparent I am an Autotrade provider and you can track my results here:https://www.myfxbook.com/members/autotrade/bn-manual/1177355It has taken me years to learn how to trade properly. That means putting the work into understanding price action and the auction process. You must be disciplined and use strict money management.Have you noticed how all the provider...

I want only a safe 4% each month... Which EA?? Thank you في التجار ذوي الخبرة Oct 03, 2015 at 23:57

Wow! this thread is loaded with so much trash talk and none of it addresses the question. Every system and martingale doomed to blow up has posted the holy grail of trading (no such thing)! Slow and steady wins the race. Yes I have just started to allow others to copy my trades through the myFXbook Autotrade program. The Irony is that my monthly goal is about 5%. My current drawdown is 6%. You will never get an EA to produce these results, leave it to those of us who dedicate our lives to the markets! Watch me here for the next few months and see what it's like to have a slow steady growth...

Tom'sEa WPFX LIVE في أنظمة التداول May 16, 2012 at 19:37

I'd be interested in hearing what Tom has to say on the subject?

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