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Sunday, February 26, 2023

This Week's Question: What are Some of the Reasons You Think Trading is Difficult?

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Trading Discussion

February 20

This Week's Question: What are Some of the Reasons You Think Trading is Difficult?

Ananais

Ananais

Whether these reasons were encountered when you were still new to trading or maybe even now that you've gained more experience…

likes  18 replies  10 Ananais ria_rose Lapacenelmondo Redex2 Flippy123 Read More
 

Trading Discussion

February 23

Take profit or trail stop loss

kyrkar

kyrkar

Hi traders. My strategy for trend following involves manually trailing my stop loss under troughs in uptrends. Many times the market moves in my favour only to reverse and get stopped out before I can lock in some profits with elevated stop loss. This is a disadvantage to trailing instead of using a take profit. I still believe trailing stop loss milks the most out of the trade when it works out with persistence long trends. What do you use in your trading?

likes  12 replies  10 kyrkar tommor dastultz apezzero Read More
 

Trading Discussion

February 22

Number of trading strategies

kyrkar

kyrkar

Hello traders. I am in the process of developing my trend following strategy. My understanding of price action is that markets are either trending or range bound. That means that I should probably find a different strategy for range bound conditions. How many strategies do you use to cover all conditions?

likes  4 replies  13 kyrkar steve369 shsajib jcena44 ontario Read More
 

Beginner Questions

February 24

Trades go ALWAYS in the opposite direction

this_is_ando
This Is Ando

this_is_ando

Hello guys,

a friend of mine learned forex, went through school of pipsology several times and she has been on demo trading since 2017. Well at least she says so. Now she's about to quit and give up because she claims her trades always go in the opposite direction. She tested every indicator, lots of strategies, every timeframe, every currency pair and every session but as mentioned, she never made profits. It doesn't matter if she trades before work, after work or durin work, it's like magic, everytime she opens a trade you can see how the trades starts to go the opposite direction at exactly that moment she entered (forget the spread),well at least she claims so.

likes  4 replies  11 this_is_ando tommor steve369 Elliotrades08 shsajib Read More
 

Candlesticks, Chart Patterns, and Price Action

February 21

Fourth of 10 Videos That I Think Will Help My Fellow Traders

THE_GOATE
The Goate

THE_GOATE

Greetings fellow traders. I suspect that this video may be a day late but I was kinda busy and totally forgot. My sincerest apologies.
The videos I post are like a rabbit hole in that when you see the content they tend to lead you to others and then others and on and on it goes never seeming to end. One suggestion I would like to make is that you make the effort and get up one early morning like around 3 a.m. and watch these videos I am posting. That way you can really focus without distractions. Believe it or not it makes a world of difference. It is just like when you watch a commercial on television. Watch it again with the sound off and you will notice things you hadnt noticed when the sound was on. I hope you get some value from this one.

likes  4 replies  5 THE_GOATE samewise Panda_Forex Read More
 
 
Popular Posts
 

I took the win on my daily chart trade. With all of the high impact news coming up tomorrow morning I just thought there is no way I can make more money than using the one or 5-minute charts. The daily will go up one day down the next up the next day, but the one minute will go up and down dozens of times during that same time period. I lose out on every one of those down trends on the long term trade.

AmericanTrader
American Trader

AmericanTrader

Scalping strategy to finish the year strong

Read More
 

Current version of my forex spreadsheet shows an extreme lack of trending-ness. The thing is set up to identify and rank persistent trends. Of which there aren't any at the moment.

tommor

tommor

Trading the Trend with Strong Weak Analysis

Read More
 

image

Dennis3450

Dennis3450

Trading the Trend with Strong Weak Analysis

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