Ah yes, this age old topic never gets old. In my case, I needed more than just a positive mindset. After 10 years, I realized that my "faulty" mindset was due to me playing the wrong game and lacking the skills for the right game. Like ...

Mindset Mindset Mindset!!!

My experience resonates with triphop and Newtrader025. Making a living from financial markets is not for amateurs. Anyone who wants to trade for a living needs to do their homework and understand how this business works. Professionals go through ...

Mental exercise: "You" are a broker

This post is 1½ years old but there is a hidden fundamental truth that the OP subconsciously discovered but couldn't quite clarify. It has nothing to do with a faulty psychology, it's actually the opposite. For a long time, I was strategy hopping ...

Afraid of commitment to any strategy

Depending on what your actual goal is, you might be having the wrong understanding about trading. Warning: My reply is gonna be unpopular. A newbie golfer goes to an online golf forum and says "I'm an aspiring golfer, what type of swing should I ...

strategies for beginners

Err no...I'm a master of my own process. I'm not here to teach anyone, I just post when I'm bored because trading for a living can get a bit lonely and boring. Unfortunately, profitable traders won't stick around on forums or if they do, they tend ...

Why does it seem so easy for other traders, but not for me?

Hey ThaoAnh, The difference however is that a real fighter pilot goes through years of training guided by seasoned professionals, not from YouTube "gurus" or internet forums for hobby flight enthusiasts. A real fighter pilot is also not self-taught, ...

Why does it seem so easy for other traders, but not for me?

And the same to you my friend, I hope your trade worked out

Trendline Break (The Only System You Need)

I'd personally prefer to go long on this downward trendline break image

Trendline Break (The Only System You Need)

Unfortunately it's not as easy as drawing a straight line. It only looks easy when the trader can draw consistent, objective lines which for me took years to learn. Unfortunately most traders can't do this because they are looking for setups instead ...

Trendline Break (The Only System You Need)

Reading the market, well said! IMO, this is most important skill and the key to making any strategy / system work. The rest of your post also resonates with my experience. I'm very familiar with paying loads in "tuition" for lessons I could have ...

Why does it seem so easy for other traders, but not for me?

Hey alfacentavra, I personally don't trade this pair, so not trading advice. But if I was trading this pair, I'd buy the downward TL break.

Trendline Break (The Only System You Need)

Hi alfacentavra, Just curios why you use candles that are so far after the uptrend peak for the major trendline? Hmmm... I personally found it to be inconsistent, but that's great if it works for you. I'd place the major upward ...

Trendline Break (The Only System You Need)

Ok, this is a simple example but hopefully it gets my point across. When I was a struggling trader, this is the confusion I went through trying to trade "simple" trendlines. Here's a chart with the Auto Trendlines indicator that draws trendlines ...

Why does it seem so easy for other traders, but not for me?

You need to focus on reading the market and alignment (not cutting losses), cutting losses happens after you read the market and recognize misalignment (market moves against you). I strongly recommend you do not take shortcuts. I learned a lot of ...

Why does it seem so easy for other traders, but not for me?

Yes, this was the philosophy that allowed me to go full-time 5 years ago, reading the market and reacting.

Gold (XAUUSD)

Nice I personally have been in gold since $1800 and am riding the secular bullish trend. But I enjoy analyzing the market everyday. Just waiting for the this pullback to realign with the secular bullish trend, which might be sharp and fast. But ...

Gold (XAUUSD)

Large move down during the European session, right now momentum is clearly down. In my long term view, this move is overdone but still too early to say when. Right now, it's watch and wait.

Gold (XAUUSD)

Ok, I can see the gears turning in your head, but you still haven’t grasped the most important part — and it’s the root cause behind most traders’ struggles. The problem isn’t strategy or psychology. The root cause is a faulty understanding of what ...

Why does it seem so easy for other traders, but not for me?

Well said, 100% agree. We each have to play it how we see it. I trade the turns but it's impossible calling out the exact tops and bottoms, it is however possible to identify a price level that would signal and confirm a trend change with ...

Gold (XAUUSD)

Again, you could be right. However I go by what the chart says and to me it says momentum is shifting and price will soon follow, a move through $5015 would be confirmation. Let's wait and see

No attacks just gold trades/analysis