Very funny. Japanese have been using them for 2000 years, and western forex factory "pro" traders find them outdated? Hillarious.

Most valuauable books for understanding the logic of markets?

I trade less than 15 mins a week. Profitable ofc. People need to stop thinking of forex like it's an entity to which we need to dedicate all of our waking hours. Once you know what you're doing, more than 15 mins of "effective trading" per day is ...

Is Forex trading worth it? If so, why?

Hanging man on top of trend is an extremely unreliable reversal signal. Hammer on the other hand + confirmation of next candle closing below 50% body of the last uptrend candle is a strong sell signal. Hammers/spinning tops/dojis require ...

What does a candlestick with a particularly long body signal?

Once again - they "predict" and we execute. It has nothing to do with each other. The reason they work in a bank and don't trade is because predicting is the only thing they're good for. And as you may well know, predicting and profiting from that ...

Experts, help me please!

Any perspective is welcome - taken the entry.

TRD

Working on a timeframe that low for a new trader (yes, you're still considered new since you can't control yourself) is a suicide. If you can't be patient with a daily timeframe, how do you expect to be patient with lower time frame? In other words, ...

Experts, help me please!

Absolutely incorrect. His problem is not positioning on wrong market direction. His problem is not cutting the losses and not riding the winners. People also don't understand that's impossible to be wrong in 70% of cases on a same time frame. But ...

Experts, help me please!

Pro traders don't have an ego. It's non-existent. I even suspect pro traders don't have an ego in real life too...

Experts, help me please!

This statement doesn't coincide with this - from your first post. If your "plans" (and estimates) are indeed 95% correct, than you don't have to have a high win rate. The most successful retail trader of all times had 4% win rate, but he was an ...

Experts, help me please!

Midouch, One more little thing regarding your entries: When you enter and put a stop loss (WHICH BY THE WAY CANNOT BE MOVABLE IN THE COUNTER DIRECTION OF YOUR POSITION) - try to think like this: "So, ok - I have limited my downside potential which ...

Experts, help me please!

Yup.

TRD

Also - if you will read any of my posts - stay away from words like: "skyrocket, profitable, 100%, daily/weekly/daily profit goal, NEWS, easy, 80% success rate system, blah blah blah you will get the point. Words you'll be looking for are those that ...

Experts, help me please!

Check out TRD's thread, you will have a chance to learn there some really nifty stuff for a newcomer perspective. Also, check "price action and pattern trading" thread in which I have posted a few entries and how i handled them (few positive entries ...

Experts, help me please!

- Suggestion: As soon as your position gains some "breathing space" USE TRAILING STOP. Also try to learn to use breakeven stop losses as soon as price gains in your direction. Trailing will protect your profit, AND allow for maximum profit, while ...

Experts, help me please!

I'm still in the process of digesting this whole thread, here's my active trade atm (copy pasting it from a thread which died more-less). Will need a lot of time to get used to your liquidity/stop hunt zones which are valid no matter the TF. Will ...

TRD

Homework from daily perspective.

TRD

Hi TRD, just wanted to ask if I could post my entries/analysis sometimes here. I trade daily candles exclusively (lack of time for smaller TF's). When I get an entry I'll gladly post. Let me know. I had entry in USD/CAD last friday, I can copy/paste ...

TRD

Spot on.

Trading at University, Advice Needed

Mine too But probability is high we will never find out - so I act accordingly. Don't think about it. I think there was a trader, one of more familiar "gurus" of the modern trading era...he made a few billion USD profit over just a few years - ...

Market manipulation behaviours