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Can you Succeed like this
Aug 04, 2012 at 11:45
Anggota Sejak Jul 17, 2012
5 pos
If you only used the market phase to judge which way to enter. You use price action for support and resistance along with trendlines to enter and exit the market. if you read individual candles and not the patterns. if you did ONLY this to trade the forex market could you succeed at this?
S.elf K.nowledge I.s I.mportant L.iving O.ur D.reams G.rowing E.veryday
Anggota Sejak Jan 14, 2010
556 pos
Aug 05, 2012 at 06:27
Anggota Sejak Jan 14, 2010
556 pos
skiilodge posted:
If you only used the market phase to judge which way to enter. You use price action for support and resistance along with trendlines to enter and exit the market. if you read individual candles and not the patterns. if you did ONLY this to trade the forex market could you succeed at this?
I do use support and resistance with no indicators at all, however reading only individual candles would literally hide the whole picture - why wouldn't I do that? Is that a rhetorical question, or is it indeed the way you trade?
Anggota Sejak Jul 03, 2012
186 pos
Anggota Sejak Jan 14, 2010
556 pos
Anggota Sejak Jul 03, 2012
186 pos
Anggota Sejak Jul 03, 2012
186 pos
Anggota Sejak Jun 23, 2012
55 pos
Aug 15, 2012 at 21:26
Anggota Sejak Jun 23, 2012
55 pos
So if you look at one candle at a time? Even when I play two up once a year I wait for the forth flip to put my $5 on the line. For me (this week) it's trending towards price action looking for three one set up. Google price action and spend the week on it. We are in the new traders section and I'm very much a new trader. Look at what the experience people are saying.
Anggota Sejak Jan 14, 2010
556 pos
Aug 16, 2012 at 13:04
Anggota Sejak Jan 14, 2010
556 pos
skyjack777 posted:
So if you look at one candle at a time?
What information would you extract from one candle? When you're trying to solve a problem, the more information you have, the easier it would be to get to the solution. Therefore, you should look back on several time-frames to get the full picture.
Just my 2c.
Anggota Sejak Jun 23, 2012
55 pos
Aug 16, 2012 at 13:51
Anggota Sejak Jun 23, 2012
55 pos
The point I was making... In two up even when the first, second or tenth throw is a gamble, they are taken in context against the spinners luck. Trading FX is totally different, as you say the information around the one candle is important. My comment was my way of saying look at what the experienced people are saying and rethink things by googling price action. Again it's a new traders area, a place to learn.
Anggota Sejak Jun 26, 2020
327 pos
Nov 29, 2021 at 03:58
Anggota Sejak Feb 20, 2021
78 pos
Traders can be successful in forex. Trading should always be done with an open mind and heart. Never listen to other traders who say that this bot is good or this or that indicator is the best. Forex trading should be open to your decisions depending on your judgment.
Anggota Sejak Oct 29, 2021
70 pos
Dec 02, 2021 at 05:16
Anggota Sejak Oct 29, 2021
70 pos
Success in forex trading depends upon a lot of things, but the main thing is discipline to follow an effective trading strategy. If you are a beginner, you should adopt both long-term and short-term trading strategies because it increases the chances of getting a significant profit.
Anggota Sejak Jul 23, 2020
869 pos
Anggota Sejak Apr 09, 2019
538 pos
Dec 07, 2021 at 21:06
Anggota Sejak Apr 09, 2019
538 pos
Use whichever means allow for you to take the highest probability setups. There is no prize for the way in which you trade. Target one is keeping your capital and target two is growing it. Taking the highest probability setups is the best way to do that. Why handcuff yourself in trying to do that?
If you can't spot the liquidity then you are the liquidity.
Anggota Sejak Jul 23, 2020
759 pos
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