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- 37 Results (3 Threads, 34 Replies)
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BasicConcept replied Dec 25, 2018I understand your concern but focusing on chart analysis can be helpful for some with indicators. And I know that this is a big debate regarding fundamentals, but you lack data as a retail trader to be able to trade fundamentals. That is all I ...
Profitable strategy with basic indicators
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BasicConcept replied Dec 25, 2018The higher the TF, the clearer the structures but you could apply this to any TF since the principles are the same :-) Good luck and if you need more help, just let me know!
What does the term "Breakout" mean in Forex
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BasicConcept replied Dec 24, 2018Besides to what everyone said about martingale: If you need to use martingale for your trading strategy, then you are simply doing something wrong already since you expose yourself more to risk to have an edge which should not be done.
Does the martingale system really work?
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BasicConcept replied Dec 24, 2018I am sure it has been answered many times already but I will give my two cents here as well: Yes, you can get rich quickly but you have to start off your learning process the right way from the start, learn everything intensively (and again, the ...
Can you get rich quickly from forex trading?
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BasicConcept replied Dec 24, 2018If you think about it that all you need is a 50% winrate and a 2/1 RR in your statistics, trading MA crossovers might give you this. All you need is an edge and being consistent. Of course it might not be an efficient way of trading, but most ...
Profitable Trading
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BasicConcept replied Dec 24, 2018I agree on on your last sentence but how many people truly understand price? They have no clue why a wick happens, why consolidations happen, why sudden bursts of price happen, etc. They see it visually and could trade it but they can never ...
is there any profitable strategy?
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BasicConcept replied Dec 24, 2018It also makes sense since the breakout indicates a sign where supply or demand overweighted demand or supply. After the breakout you watch how price retraces back to the breakout point (aka. decision point where price decided to break that area) and ...
What does the term "Breakout" mean in Forex
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BasicConcept replied Dec 24, 2018It is not an illusion if you are able to take advantage of mathematical statistic based on indicators. And maybe you understood me wrong but I never said I use indicators in my own trading. I use technicals as in non-fundamental chart analysis, ...
Profitable strategy with basic indicators
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BasicConcept replied Dec 23, 2018Supply and Demand in the market always exists so I do not see a problem trading during the holiday season. Price might just need longer to reach the area of your interest (aka. trading area). I hope this helps.
Trading during the holiday season
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BasicConcept replied Dec 23, 2018You might not find many here on FF that are profitable but I can tell you that I do chart analysis and focus on technicals (reading the chart) but not fundamental.
Profitable strategy with basic indicators
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BasicConcept replied Dec 23, 2018And often after the break out price bounces from the area that it broke. Or in other words: Supply or demand turns into demand or supply. I hope this helps!
What does the term "Breakout" mean in Forex
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BasicConcept replied Dec 23, 2018Yes definitely possible. You can event trade below 1M (tick charts) and trade profitable.
Profitable Trading
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BasicConcept replied Oct 15, 2018Small thread bump :-)
Profit Line and Trading Idea Indicator needed
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Profit Line and Trading Idea Indicator needed
Started Oct 14, 2018|Platform Tech|2 replies
Hi everyone, I am looking for two specific indicators for MT4 that I was not able to find on ...
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BasicConcept replied Oct 2, 2018I'd suggest to put ForexFactory on the side for now and look for answers such as: - What moves the market? - What is liquidity? - What is smart and dumb money? - Orderflow? These are some points to tackle once you started with the basics (i.e. what ...
Complete Newbie to Forex
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BasicConcept replied Sep 29, 2018Just adding my two cents here. The percentage return stays the same, so the starting capital really does not matter. Your personal statistics speak for itself - if you make, i.e. 10% a month, then it truly does not matter if you start with 500, 5000 ...
Do you really need that much to start?
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BasicConcept replied Sep 28, 2018Hey Tradingjedi, Good to see that you are running a journal, it's a great tool for keeping track of trades. May I ask a question or two if you do not mind? You said that you are trading pure PA, no indicators, but I see a moving average and pivot ...
TradingJedi -Trading Journal