Takes time to get good.. Try to find the pockets of liquidty.. on the charts. zoom out to higher time frames... to get the big picture... Don't put too much weight on what janet said... or the data of the day... If it were as easy as bad data go ...

Honestly frustrated with trading forex

Nabz just because a currency won't drop to 0 like a stock could.. doesn't make it safe.. Currencies can trend for 10 or more years at a time.. in 2001 euro left 0.88 and hasn't been back yet!... I'd rather take a small loss then hold something for ...

No Loss Martingale Strategy

I'm gonna trust Paul Tudor Jones who has made millions.. And his main rule is "losers average losers" Your risk is x.. Trade doesn't go as you hoped and goes negative.. then its 2x then its 3x... then 4x or more on a losing trade! ITS INSANE! but ...

No Loss Martingale Strategy

martingale will work when you get a rangy market Markets can range for a long time ... but as soon as it starts trending you keep adding to losersl YOUR BROKE! Its very simple concept.. Imagine if you were martingailing shorts on u/j as it went from ...

No Loss Martingale Strategy

Your tests aren't long enough.. Account will blow up at some point and it won't be pretty! Martingale works great... until the day price never comes back and trends hard agenst you. then BOOM! Margin call! as a small trader you can only control 1 ...

No Loss Martingale Strategy

Best volatility indicators I know of Is 1. time of day... example London session usually more volatile then Asian. 2. Data and news.. example NFP is usally volatile. 3 time in general.. example between chrismas and new years may be a real slow doggy ...

What's a good volatility contraction indicator?

Trading is 99% a battle with yourself.

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Takes 10,000 hours to be good at anything... For some longer... Some may never be good traders... Biggest mistakes most newer traders make. 1. Don't add to losers ( might work for a while then BOOM your down 50%) 2. Don't overleverage... You can't ...

A year and a half experience and still facing difficulties

10% a day doesn't sound realistic... sounds like poor risk management ... you might get a few days run then blow it all up. Compounding your gains is a great thing! But 10% a day sounds very greedy! Show me somebody who's done it even over 6 months ...

+10% Profit per day

Your on the right track... Market is efficient or inefficient, or as you say balanced or unbalanced. when prices is inefficient(unbalanced) its likely to pull back into balance.. Market ranges 75% of the time... Use this to your advantage.

Using Balance and Unbalance to your advantage

Usually these big swings are on diverging monitary policy... For example Aud entering a rate cut cycle... or Usa planning to raise rates, while ECB starts printing. Or Jpy starts printing endlessly. That's the fundamental driver that pushes these ...

Reverse Engineering a Profitable System (REPS)

The best indicator is actually Japanese candle sticks... And not just reversal patterns.. It shows you the whole structure of the market. Its really amazing.. You can see where people most likely have stops.. you can see where price jumped up and ...

Trading with Technical indicators

E/chf at key monthly levels... Its been strong break out on daily chart.. E/u seems to be following E/chf at this time.. So I'm watching closely the correlation between the two for intraday hints... Basicly right now if e/chf is strong.. I'm not ...

EURUSD

Trading news has some tricks. 1. Never chase price spikes! 2. wait for price to come to your pre-marked level. Never trade pre-news... Have areas of good risk reward marked to incase news does push price into a great support/resistance level.. (use ...

Avoiding news affecting one currency by trading another

Supply demand is not totally bad, its actally close to being on the right track. But supply/demand alone has too many false signals and failures. When you label something Supply or demand... you are assuming there is orders in that exact narrow spot ...

Easy Supply and Demand Trading

90% looking for easy money.. quick profits... and give up early... Expect to put in a few years of reading charts to even think of becoming profitable. Most people don't want to put the time.. almost 0% are profitable natural born traders. Its said ...

90% of traders fail...

My guess would be people reading the market with out the use of indicators have a real deep connection with price movements. Those needing 5 indicators probably don't look at market structure much..

Percentage of successful traders in Forex Factory

1.Learn to be a trader not an economist.. Don't form your opinions on every small data release.. It will drive you nuts and you will be wrong most of the time and end up doing stupid stuff like chasing a price move and being that guy who bought the ...

What helped you the most to be profitable?