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Can you Succeed like this
Aug 04, 2012 at 11:45
1,665 Views
16 Replies
Aug 04, 2012 at 11:45
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
Member Since Jan 14, 2010
541 posts
Aug 05, 2012 at 06:27
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?
Member Since Jul 03, 2012
178 posts
Aug 06, 2012 at 09:13
I hope that is not the way you trade.
Pax puts the X in Forex.
Member Since Jan 14, 2010
541 posts
Aug 06, 2012 at 12:51
TheLastBear posted:
I hope that is not the way you trade.
I'm not sure that is even possible. It's like running with closed eyes.
Member Since Jul 03, 2012
178 posts
Aug 07, 2012 at 13:24
I am quite sure people will try.
Pax puts the X in Forex.
Member Since Jul 03, 2012
178 posts
Aug 13, 2012 at 13:14
Connann posted:
I thought the goal is succeeding in forex market, not gamblin!
You are absolutely right.
Pax puts the X in Forex.
Aug 13, 2012 at 23:58
Connann posted:
I thought the goal is succeeding in forex market, not gamblin!
I like to gamble. All in EUR/USD!!!!
There are risk-lovers and there are risk-haters, but the best traders will take the risk as long as they get paid for it.
Member Since Jun 23, 2012
54 posts
Aug 15, 2012 at 21:26
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.
Member Since Jan 14, 2010
541 posts
Aug 16, 2012 at 13:04
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.
Member Since Jun 23, 2012
54 posts
Aug 16, 2012 at 13:51
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.
Member Since Jun 26, 2020
323 posts
Nov 19, 2021 at 09:42
success is really a big deal because need a long time experience with great level of patience .
for that reason most of the traders lost interest after passing sometime. its a real story
for that reason most of the traders lost interest after passing sometime. its a real story
Nov 29, 2021 at 03:58
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.
Member Since Oct 29, 2021
69 posts
Dec 02, 2021 at 05:16
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.
Member Since Jul 23, 2020
816 posts
Dec 03, 2021 at 05:44
A good trader is one who is putting the least time and effort and gets the maximum out of it.
Member Since Apr 09, 2019
516 posts
Dec 07, 2021 at 21:06
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.
Member Since Jul 23, 2020
696 posts
Dec 08, 2021 at 21:17
Trading is very simple but far from being easy.
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