Whats Dominan Your Strategy ?

BringmeFish posted:
I mix fundamental and technical. I have data spreadsheet of all fundamental data and use that for long term direction. I then trade on 4 hourly charts looking for technical set ups in direction of long term trend

Nice plan,,
- Mapping Technical
- Journal Trading
- Fundamental News Data
- Money Management
etc strategy
its all need too all trader, to us
all trader have a habbits self, they have caracter self, its mean need a time to find their pashion habbits

Hallo all
Today i want to say, whats dominan my strategy analisy for technical or fundamental, event not much detail, but for simple here :
- Make A Journal Trading
- Mapping For 1 Month Data News, Mapping For every Weeks Data News
- Mapping Trend (Trend Wave, Trend Fibo, Trend etc)
- Mapping SNR combine With SnD from Higher Trend to Low Trend
- Mapping Pattern for every Time Frame
- Mapping COT Dealer for 1 MOnth or every weeks if you swing, for technical filter i am using this https://memberforex.com/store/Package-All-Tools-Template-@NinjaForex-p133371168 (Hierarki Zone Dealer)

Technical Analysis focuses on trend, support and resistance, and momentum through the use of chart reading to help me and traders get into and out of higher probability trades

BringmeFish posted:
I mix fundamental and technical. I have data spreadsheet of all fundamental data and use that for long term direction. I then trade on 4 hourly charts looking for technical set ups in direction of long term trend

I use a similar process as well.

In general I use MTF (multiple time frame) analysis for the instrument I am trading.

Using that information I determine the current trend state across all time frames.

When I see the lower time frames, coming into sync with the higher time frames, I consider that supporting evidence of the general trend.

Then within the lower time frames, I analyze for high probability candle patterns which I have identified that typically have a statistical probability of 80%or higher.

I then look at the Daily ATR for the instrument, and set my take profit at 75% of the ATR value.

For the stop loss I use 30 pips. If a trade has to go beyond 30 pips, then it's just pointless to hold it, it's a bad trade, and the shorter term trend has probably changed. No big deal.

If I close it out, and the price moves back to where I needed it to be, I reopen the ticket and wait for it to close out again, either by Stoploss or Takeprofit.

Also, I trade as small of units or lot sizes as possible to limit my exposure to the markets.

By stepping additional trades into my trading basket, while in profit, it also limits my exposure to the markets because each additional ticket I generate has been effectively covered by the previous tickets which are already in profit.

ninjaforex posted:

BringmeFish posted:
I mix fundamental and technical. I have data spreadsheet of all fundamental data and use that for long term direction. I then trade on 4 hourly charts looking for technical set ups in direction of long term trend

Nice plan,,
- Mapping Technical
- Journal Trading
- Fundamental News Data
- Money Management
etc strategy
its all need too all trader, to us
all trader have a habbits self, they have caracter self, its mean need a time to find their pashion habbits

Nice list; then how do you set your SL & TP? Based on the technical or fundamental?

AniLorak posted:

ninjaforex posted:

BringmeFish posted:
I mix fundamental and technical. I have data spreadsheet of all fundamental data and use that for long term direction. I then trade on 4 hourly charts looking for technical set ups in direction of long term trend

Nice plan,,
- Mapping Technical
- Journal Trading
- Fundamental News Data
- Money Management
etc strategy
its all need too all trader, to us
all trader have a habbits self, they have caracter self, its mean need a time to find their pashion habbits

Nice list; then how do you set your SL & TP? Based on the technical or fundamental?

If you mapping with Fibo Pivot SnR SnD you will found High/Low Last Candle or High/Low Level, you can use thats As TP or SL
this is example

Dear All Friend
Read This "Management Money Forex Trading" and
Whats Your Type Too before you trade,
Are You Martiangle, Anti Martiangle, Cost Averaging, Pyramid, Fixed Fractional Position Sizing, Or Hedging
Source : https://memberforex.com/money-management/

i made a strategy by spending years of hard work , i didnt remeber , when last time i saw economy calendar .. i never read any article just watch my strategy and wait for signal thats it :)

fxsc1lper posted:
i made a strategy by spending years of hard work , i didnt remeber , when last time i saw economy calendar .. i never read any article just watch my strategy and wait for signal thats it :)

That means; you completely avoid high voltage news sessions like FOMC, NFP?? Really?

I looked at your strategies and they seem very good for a few months but then fail. Looks like could be martin gale or grid strategy is that right?

I think all we have until now is good, event you level newbie, or veteran, etc level want to be good result, but the most important is

BASIC ATTITUDES TO BE A SUCCESSFUL TRADER

A.Speed
The purpose of this speed is the speed of thinking, a trader is required to have such an attitude, because in the world of forex the decision is limited by a narrow time trend that can change in minutes or even seconds. The term decision to take action either buy or sell can be very different from hour to hour from minute to minute even from second to second. If so, talking speed here is also related to the time needed to complete a job.
There is also thought to be done to understand reality in order:
1. Decision making
2. Solve problems (problem solving)
3. Produce a new one (creativity)

B. Accuracy
The point is accuracy in acting, Accuracy, which is related to the number of errors made per unit of time, is related to movements in the search for 'traces' (for jobs that require continuous supervision, when carrying out an action that requires precision and supervision, and when carrying out activities manipulative ones, including forex). Different from the psychologically limited reaction time, accuracy is emphasized in human control.

C. Discipline
D. Emotional regulation
E. Motivated person, whats your motivation to trade, if the first time only want to be profit, i think this is a problem first, better recalculation again your motivation here, forex, stock not like a simple whats you think, this is need a time, learning etc
F. Money management, event you have the best technic or strategy, or big money, but not control your money, i think this is problem too, patient first and calcualtion again about your money management before trade

and last
G. Good intentions, people will be happy when they have like this,,, live not just to gets about money, but morethan thats,...
source https://memberforex.com/basic-trader/

Enjoy it, this is only my quote perseption about attitude trade 😎

Robert96 posted:
I am more of an intraday trader. One of the fundamental factors is to set sl and tp. Only in rare cases, I do not put them.
The most important factor is of course the analyst. Without it, successful trading is possible only with good luck. But not everyone can boast that he is lucky :) The rest part of people need knowledge of at least basic analytical strategies that will give at least a rough understanding of the market movement.

nice :)

Robert96 posted:
I am more of an intraday trader. One of the fundamental factors is to set sl and tp. Only in rare cases, I do not put them.
The most important factor is of course the analyst. Without it, successful trading is possible only with good luck. But not everyone can boast that he is lucky :) The rest part of people need knowledge of at least basic analytical strategies that will give at least a rough understanding of the market movement.

Nice to see your habit on SL and TP; best way to protect your trading capital and gain more green pips! Keep it up.

Adribaasmet posted:

Robert96 posted:
I am more of an intraday trader. One of the fundamental factors is to set sl and tp. Only in rare cases, I do not put them.
The most important factor is of course the analyst. Without it, successful trading is possible only with good luck. But not everyone can boast that he is lucky :) The rest part of people need knowledge of at least basic analytical strategies that will give at least a rough understanding of the market movement.

Nice to see your habit on SL and TP; best way to protect your trading capital and gain more green pips! Keep it up.

Basically trading without SL is very risky! This is why; I always set my SL according to the logical point based on my own research!

Price Action trading strategy

KaneRenny posted:
Price Action trading strategy

That’s really great; I am also using PA strategy; it’s working on all of the trading pairs including the crypto!

I couldn't understand your question anyway on so many parameters I am not even able to discuss it. Where else we can do it? Which dominant if I am not mistaken. Can you really see it or not? I need to get going with such matter please.

Candlestick chart pattern Dominant my trading strategy. I often use Triangle patterns, Flag patterns, and Pennant patterns.

A strategy is the most important thing to make money from this market. So make a good strategy and earn money from this risky market.

It was a nice post. Every beginner should make sure to learn a few specific things before entering the market.