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MarcellusLux
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MarcellusLux
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Indicators are useless
in
General
Jan 05, 2022 at 12:34
Why do you think the indicator is the solution to all trading problems? In fact, you can use any indicator successfully, but get a loss due to the lack of a trading plan or incorrect volatility assessment...Also, as a trader who has been using different indicators in different trading systems for many years, I can assume the next statement: an indicator is not a 100% signal provider. Indicators should be used in chain with other technical instruments, and then the consistency of several data sources will signal the possibility of a trade.
Forex market is an unpredictable
in
General
Jan 05, 2022 at 12:10
don't consider the probabilistic system as something negative, on the contrary, it gives the opportunity to create the most flexible trading systems.
Forex market is an unpredictable
in
General
Jan 04, 2022 at 14:24
Forex trading certainly cannot be regarded as a 100% probability system. This is the ratio of the expected return to the expected risk. Anyway, we live in a world that operates on the principle of probabilities.
LUX
in
Trading Systems
Dec 30, 2021 at 11:58
Let's go through the results of the year. This trading year has been very active and fateful. Big changes opened up perspectives for a big future for me and the first year with the developed LUX trading system showed that I am really on the right track. I am writing to you, my team and everyone who became a partner and investor, my sincere gratitude for your support and participation in the development of the LUX trading system project. Our work has brought us a good profit, hasn’t it? The profitability in 2021 was 153.41%, exceeding my desired 150%. This gives me confidence that nex...
Ready made strategy doesn't
in
General
Dec 30, 2021 at 11:32
I also led to the conclusion that the best trading system is one that a trader makes personally. The suit must be tailored to fit.
Does forex strategies usually work>
in
General
Dec 28, 2021 at 12:27
A strategy or system is just a term that summarizes your trading specifics. All your actions in the market should be deliberate and focused on your goals. You can call it what you want, a strategy or a system or a collection of rules, but it only works like that, only according to the plan.
Ready made strategy doesn't
in
General
Dec 28, 2021 at 12:21
It is necessary to look from the other side at the ready made trading systems. Why not consider ready made systems trading as a prime example of what a system might look like? This will certainly not give you a trading experience, but you will know a little more about the market and the possible trading options. As an example, you need to read enough books to be able to write your own.
Are you afraid to lose your trade?
in
General
Dec 22, 2021 at 13:36
The fear of losing is never justified. The best way to deal with it is to trust your trading plan. Don't start trading if you don't trust yourself. The second important aspect is to accept your losses as part of the trading. There is no business without losses, because there are always different financial expenses. And third, start thinking about losses after they happen and do a detailed analysis. This will be your way of dealing with fear.
Is math important for trading?
in
General
Dec 22, 2021 at 13:11
Mathematical knowledge will help you better understand the principle of the indicators. Basic calculations of the trading plan will be made easier and faster. So this knowledge will only benefit your trading.
Unrealistic expectation causes
in
General
Dec 17, 2021 at 11:10
On the other hand, if you correctly set targets and achieve them, this will greatly affect the trading process, discipline will grow, the trading plan will be more structured, and the results will become more stable. In addition, achieving goals trains the body well through the action of hormones, which are produced as a reward for achievement.
Demo can not make you well experienced
in
General
Dec 16, 2021 at 13:33
The real experience is trading on a real account, no exceptions.At the same time, only if you trade with the correct strategy setup, trading plan, analytics, this will give the desired experience. If you trade and rely only on luck, then it's just a 50/50 coin toss.
Greed is when your expectation
in
General
Dec 16, 2021 at 13:19
IMO greed is not always high expectations. Perhaps this is just folly, not greed. Greed is a violation of trading rules and a plan in pursuit of unjustified profits. In other words, it is an excess of possible risks to get more profit.
METHOD OR DISCIPLINE?
in
General
Dec 16, 2021 at 13:14
The trading task must be solved from the point of view of these two components. Method and discipline. If you see your problem in discipline, then it is likely the cause lies in the imperfection of your method and vice versa. Therefore, it makes no sense to consider what exactly is the most important part in manual trading. If you trust your trading 100% to an Ea, then of course, its setup and methodology will be of key importance.
Unrealistic expectation causes
in
General
Dec 15, 2021 at 13:13
Target setting must be justified by the trading plan. Do not set yourself impossible tasks, because this will lead to psychological problems in the future and to the loss of trading stability.
The fear of losing opportunity
in
General
Dec 15, 2021 at 12:38
If you are afraid of losing an opportunity, then you have already lost it. Just keep it in mind and remember every time you think that you can still make money in a lost opportunity. The market benefits those who have a plan.
LUX
in
Trading Systems
Dec 06, 2021 at 12:24
Are you worried about Bitcoin? If yes, don't trade crypto. Just accept this is a normal situation and decide if you want to participate in. Btcusd passed the EMA 100, EMA 200 and broke the uptrend on Day. Let's see if $40,000 is reached.
LUX
in
Trading Systems
Nov 25, 2021 at 12:30
This trade displays a mistake in exit of the marke ( pound dollar ). I was planning to close this trade at 1.3360. I took into account the fact that the price was near the EMA 200 and had just overcome the 38.2% retracement, which propose a clear sell. On the 30 minute chart the MACD also indicated a possible reversal movement. Inspired by the fact that earlier the EMA 200 had not been passed, I decided to enter with sell. I set my stop loss above the EMA 200 in order to exit the market if it is broken. The support at 1.34050 was falsely broken but I decided not to take profit and hope to reac...
LUX
in
Trading Systems
Nov 25, 2021 at 12:23
I see no reason to answer your strange question.
LUX
in
Trading Systems
Nov 18, 2021 at 10:43
I recently started a blog thread about analysing trading history. The main idea is that correcting your own mistakes and getting the most profitable trade is possible only with detailed processing and analysing of your trades. I decided that my posts might be useful on forums. It will also be a great opportunity for discussion.
LUX
in
Trading Systems
Oct 22, 2021 at 08:17
Well, now we have Bitcoin at $ 63k, new high level has been marked. I believe that this impulse is not over yet and the price growth will be continued next week. Forex trading this week is over for me. You can see the trades history on the account data page. The result is profit, but I see those points that have to be analysed and improved... will do it on weekend.
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