You might wanna question that, what it seems by your sentence construction, a general rule... Also you might wanna define the wording "basically" the same on "most" time frames...

I'm quiting trading but can someone elighten me on this?

Therefore do not trade ranges (flat).

I'm quiting trading but can someone elighten me on this?

To the core!

I'm quiting trading but can someone elighten me on this?

You decided on direction as soon as you asked yourself "why would pair go bullish from bearish" - and simply put there is no sense into trying to answer that question with oh so many answers like: NFP, currency correlation, ANY news at all - since ...

I'm quiting trading but can someone elighten me on this?

Leraned your lesson the hard way? Something that has fallen for 400 pips has more than 80% chance it will continue falling...Wait for the confirmation of the reversal, if you enter higher in a false bounce, your SL size will be A LOT less than what ...

long eur/jpy, gbp/jpy, usd/jpy

CLOSE above/bellow what you think it's a support/resistance. Closing prices are more important when assessing S/R lines than highest/lowest - they're important too, but most traders will concentrate on closing prices of the candles in a given time ...

What does it mean to print on Support and Resistance?

"Brief" history of not using stop losses Looks familiar to anyone? Do not look at "trading system", just want to show what can the absence of stop loss do to a """"""long term investor"""""" My favorite sentence from that period is by far "WTF ...

Trading without stop-losses

Excellent post

Trading without stop-losses

Correct. Tradability do your homework. p.s. there are some brokers who don't even take premium for stop loss execution.

Trading without stop-losses

It can be done, only if the trading system allows it. There are ppl keeping positions for 6+ months, while hedging and constantly covering the losses from a trade they didn't use stop loss on...it's an alien strategy, especially here where 90% of ...

Trading without stop-losses

So you went long GBP/YPY at 173,80 today? You went long USD/YPY at 118,30 today? I need to call my brokerage and tell them my charts didn't draw those prices, I will sue them!

long eur/jpy, gbp/jpy, usd/jpy

You ever considered those might fall additional 400 pips? Your SL large enough? Confirmation of the uptrend? So the logic is "if something has fallen 400 pips, it should reverse"? Take a look at charts and evaluate how much time securities spend in ...

long eur/jpy, gbp/jpy, usd/jpy

I believe I have rambled a lot about what I changed about myself, most of it is described here in this thread, and not just me, one or two more ppl shared their experiences extensively. I hope you can find it helpful, but in no manner should you be ...

Is Forex trading worth it? If so, why?

This is a copy paste from jjdtrade's post - I have highlighted some very dangerous sentence constructions: """""If you ever placed a trade and you felt somebody is f******g with you and something is hidden from you, you were correct sir! What will ...

My experience, need trading wisdom

I had the worst case scenario when I started trading - I was extremely profitable trading stocks in 2008. As you all know the S&P bottomed at 666 points (devil), and from that point it was up up up...and I noticed 90% of my successful trades were ...

Is Forex trading worth it? If so, why?

This is not gold...this is platinum - and every trader should make a B2 format poster and hang it on the wall of the room they trade in - or on a wallpaper of the cellphone along with the screensaver and also maybe tatoo it on the whole area of back ...

The Inner Game of Trading

Amazing thread...I'm writing a book about psychology and trading - would you mind if I borrowed some of your statements/conclusions?

The Inner Game of Trading

Anyway, I forgot how enjoyable this is, exchanging opinions with traders, I haven't done it for a long time since I had to work on my psyche and in this time I didn't trade...Some of my accounts were even terminated since there was no dollars on ...

Is Forex trading worth it? If so, why?

Correct (in my opinion ofc). Managing risk is all about psychology and to learn it is, and always will be, a pain for vast majority of wannabe traders. We give too much importance to trading mechanics since it's in our scientific nature. In order to ...

Is Forex trading worth it? If so, why?