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MatDerKater replied Jan 1, 2022Perhaps you could demonstrate how you use your indicators the 'right' way? Let all us novices in on the secret sauce? Oh, and everything I have on my screen is there for a reason. If it wasn't, it wouldn't be there....(although I did rid myself of ...
Setups are bunk?
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MatDerKater replied Jan 1, 2022How could you possibly say that? Forex isn't just like Futures or Equities which these days are largely being run as gambling/wealth transfer games. Forex is literally involved in all international trade. If a US importer wants to buy a carrier ...
Setups are bunk?
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MatDerKater replied Jan 1, 2022It's previous lack of volume at certain levels which are the cause of these 'simple lines and key areas'. ....and the volume isn't real...not if you are trading Forex. 'They' don't release volume data. I do find however, that feeds from certain ...
Setups are bunk?
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MatDerKater replied Dec 31, 2021I am realising that about 80% of the utter shite I have filled my head with (or paid to have my head filled with)...is baggage. Worse than baggage. Baggage that not only hinders you, but bites you. btw, I am profitable (check the odd trades I have ...
Setups are bunk?
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MatDerKater replied Dec 31, 2021Trading Forex or Futures isn't like buying 7 shares of Amazon or HODLing Bitcoin and seeing where things stand 18 months down the line. We are using high margin, and placing arbitrary lines on a chart, with our entries, TPs and SL. Generally, most ...
Setups are bunk?
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MatDerKater replied Dec 31, 2021Seen futures traders do it, some of them literally just scalping positions for a few ticks and then out and doing pretty fkn well by doing so, but I am in no doubt that the majority of orderflow traders are getting fucking rinsed just like the ...
Setups are bunk?
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MatDerKater replied Dec 31, 2021Hidden Divergence on recent pivot, break out to new highs. Trend is up running into higher time frame resistance level but no compelling reason to short. Buy the dip....my entry is on 61.8% level....but 55% is on there for a reason (cos often, when ...
Cable Update (GBPUSD)
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MatDerKater replied Dec 31, 2021No. See that Orange Box. That key level. That is the only thing that is good. Knowing why to place that there, and why it is a high probability price rejection zone, isn't so simple as it may seem. Volume Profile, in such a simple form as ...
Setups are bunk?
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MatDerKater replied Dec 31, 2021I was taught lots of nooby shit by a nooby dunce shit trader.....(I am entitled to be bitter, cos I paid him $$$'s for his shit courses) .....took me long time to get out of the habit of always trying to fade trends based on indicator ...
Setups are bunk?
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Setups are bunk?
Started Dec 31, 2021|Recycle Bin|106 replies
Setups are bunk and trading the markets profitably basically boils down to simply knowing when ...
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MatDerKater replied Dec 31, 2021Once central banks start issuing their own crypto.... ......which will involve taking down the current supposed 'wild west' free market cryptos, that anyone with half a clue about how this world works, should know are a product of Deep State ...
How many more years will Forex exist?
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MatDerKater replied Dec 30, 2021I like this post (resurrected from the past). The one thing that sorts out most psychological problems is being profitable, which comes with knowing what the fuck you are doing. The one thing that causes all sorts of psychological problems is ...
Psychology matters most!
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MatDerKater replied Dec 30, 2021I see you have progressed somewhat from the time you made this post..... ......but I recognise the pattern. For me, I discovered a new fangled method, which seemed to work really fkn great, at first...but then didn't. But despite having extensive ...
Psychology
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MatDerKater replied Dec 30, 2021Head to here: url Just drop in. No password or anything (yet). Just started the group after XMas, you will see a bunch of chat, and a few screenshots of what mostly turned out to be winning trades. If you have anything to add, or anything you want ...
Looking to start a small Forex trading mentoring Group
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MatDerKater replied Dec 29, 2021Oh yes, and when you learn a couple of strategies (or indeed develop your own), you are going to want to backtest them. For that, I would recommend Motivewave. A fucking brilliant charting program overall, that also has a very decent built-in market ...
Any Advice for a Beginner?
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MatDerKater replied Dec 29, 2021OK, so you are right at the very very start, at the very most basics. The thing with strategies, is that their effectiveness has much more to do with the trader using them, than the strategy itself. Something you will discover after several thousand ...
Any Advice for a Beginner?
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MatDerKater replied Dec 29, 2021Same thing as any open public forum, there are gonna be a few solid traders kicking around, but mostly the blind leading the blind. From what I seen, there are a better standard here, but again, they are in the minority. By all means, run through ...
Any Advice for a Beginner?
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MatDerKater replied Dec 29, 2021Job done: image Looked for a while like it was flagging against my SL. Glad that I stuck to my guns...if it was a day trade I may have bottled it and scratched it, but had good feeling about it from dreams when waking up.
AUD/USD
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MatDerKater replied Dec 28, 2021We had our first 'session' checking out each other's trades and methods of framing the market and I personally benefited from it. On the one hand, it is good to see the sort of things that other traders are thinking and how they act in the markets. ...
Looking to start a small Forex trading mentoring Group
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MatDerKater replied Dec 28, 2021Looking to buy retrace in AUDUSD back down into consolidation range/flag, at this point in time: image
AUD/USD