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MatDerKater replied Jan 5, 2022Nice Counter Trend trade in an overstretched bullish market. Had my eye on this pair this morning, but by the time I got to it, it was flagging along M top reversal pivot support and I couldn't figure out good RR parameters....so instead of taking ...
Real Trading
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MatDerKater replied Jan 5, 2022Sure. The Discord link above is still active. Just drop in. If you want to discuss your approach to trading, then please do post a few past trades (winners or losers), or stream a live chart.
Looking to start a small Forex trading mentoring Group
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MatDerKater replied Jan 5, 2022That's the easiest way to do it. Fade counter trend pullbacks. Although in this case, GBPUSD is right into an area where bears following the 4HR or even Daily charts might start to become active. I would therefore be hesitant of taking 15m longs, on ...
Real Trading
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MatDerKater replied Jan 4, 2022If you want to catch the big swings.... .....trade equity indices, during the craziest equities bubble ever?* NB* Big correction likely coming soon, but that will be where your opportunities lie.
Cable Update (GBPUSD)
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MatDerKater replied Jan 4, 2022Whilst there are a lot of total charlatans out there, no doubt.... ....I think the issue largely stems from good intentions combined with intellectual dishonesty. A trader may well have had periods of success that make him feel qualified to become ...
Setups are bunk?
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Recommended Online Prop Firms?
Started Jan 4, 2022|Recycle Bin|0 replies
Anyone have any other recommendations for Prop Firms, where I don't have to put up with gaping ...
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MatDerKater replied Jan 4, 2022Currently in an FTMO evaluation Trade, using CTRader, which I have plenty experience of using.....and tried to close out 50% of my position at 2:1 rr, to lock in some profits, with intention of re-entering on retrace. None of the Advanced trade ...
FTMO - For serious traders
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MatDerKater replied Jan 4, 2022Of course. I should rephrase. Most of what is taught as being a setup, and most of what I have been taught counts as a setup. Is bunk. Indicators. Fib ratios. Candle stick patterns from ascending triangles to harmonics, Indicator divergences etc, is ...
Setups are bunk?
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MatDerKater replied Jan 4, 2022Urghhh.... a) how could you have the stomach for a 5 pip stop b) how could you have the stomach for not snatching a trade that already went 5:1? (and could so easily zip right down to your SL within a snap of the fingers?
Real Trading
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MatDerKater replied Jan 3, 2022Just the started the an FTMO challenge. Using CTrader. The 'Swing Trader' option. Spread spikes over 'witching hour' 10pm-11pm London (after NY Close) GBPUSD 16 pips EURAUD 27 pips AUDUSD 10 pips CADJPY 12 pips. WTF? Seriously? These aren't exactly ...
FTMO - For serious traders
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MatDerKater replied Jan 3, 2022How do you know what I am using these indicators for? Do you think I actually trade indicator crossovers? (going by the links you provided) There are no indicator signals firing on my chart when the trade *should* have been taken. There are no price ...
Setups are bunk?
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MatDerKater replied Jan 3, 2022No, we don't have access to that market. Most brokerages simply mirror the price action of the actual markets. Some mirror the HSBC price action, some mirror Barclays, and so on, so all have very slightly different price action, including all the ...
Setups are bunk?
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MatDerKater replied Jan 3, 2022I will trust you on this one. If you can't trust a random stranger on the internet, then who the hell can you trust!?
Setups are bunk?
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MatDerKater replied Jan 3, 2022Limit orders for entry (always in my case) Market Orders for Stops (tend to get moved about quite a lot, but always remain market orders). Limit Orders for targets (again, tend to get moved around quite a lot, and more often than not, turns into a ...
Setups are bunk?
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MatDerKater replied Jan 3, 2022Ya know what....I think I might buy me that.... ......(hope it isn't one of those that starts of with a punchy introduction (that you get to preview read) and then turns into drab affair laden full of trader cliches and indictor heavy and MA ...
Setups are bunk?
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MatDerKater replied Jan 3, 2022You seem quite obsessed with Forex traders and their 0.01 lot sizes. But it isn't retail traders running $1000 accounts with cfd brokerages that make the forex market. It is Barclays, HSBC, Goldman Sachs, Deutsche Bank, RBS, ABN AMRO, etc etc....all ...
Setups are bunk?
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MatDerKater replied Jan 3, 2022I could go into market replay mode, in any given market, and draw a bunch of Supply and Demand Zones, that absolutely will be respected and reject price in both directions, sometimes multiple times before the market kind of 'moves on', from that ...
Setups are bunk?
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MatDerKater replied Jan 3, 2022It is not just indicators that give lots of false signals, or fail to give a signal at all, price structure also does. Indeed, it is well known that all the price candle formations that traders are trained to look out for, Head and Shoulders, ...
Setups are bunk?
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MatDerKater replied Jan 1, 2022Above linked expired. New Link: url
Looking to start a small Forex trading mentoring Group