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Posts by sbnelson2005

I want only a safe 4% each month... Which EA?? Thank you In Experienced Traders Oct 18 2015 at 10:57
Try this post here: http://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1 My 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! In New Traders 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 c...
Minutes,hours,days,does it make a difference. In New Traders 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! In New Traders 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. In New Traders 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: http://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1 Come on over and ask any questions you may have! Cheers Steve
NEW Traders beware the EASY ROAD to riches! In New Traders Oct 15 2015 at 10:30
[quote]HalleyFX posted: And remember when trading your alone on an island and you need to survive!! forget what you read or said ( don't even listen to your wife) and follow your path and strategies![/quote] 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 ...
NEW Traders beware the EASY ROAD to riches! In New Traders 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 In New Traders 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 ? In New Traders 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/11TZQ690xlo Hit 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! In New Traders Oct 12 2015 at 15:45
[quote]goyankees85 posted: Your response is way to vague. When you say that an experience traders WAITS FOR THE MARKET TO COME TO THEM, that is a very open ended statement. A person can have a plan, and once the market comes to them, they end up in red and never once see green. They were patient but never made the adjustment to what the market is doing. As I said before, new traders should stay off the forums and try to learn price action. Price action is the key to winning in forex. You mention that experience traders cut their losses quick and move on, well is that something that you act...
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