Yes I take regular breaks now and just look at weekly charts, draw my interesting areas and wait until price gets there. When I'm trading now on a good run, I look every 4 hours but that's about it Previously I traded short term (5m, 15m 1hr) charts ...

Did you take time off from trading?

Hi PipC, In answer to your questions: 1. When I'm entering multiple times, the previous trades stop losses are always moved up to a couple of pips in front of entry. By doing that, my risk on the earlier trades is zero. Then for the new trade, I ...

90% of traders fail...

I mostly agree with the opening argument. It's the same story with me. Previously I would day trade on the 5 min, 15 min or 1 hour charts. Sometimes good, many times not! Now I concentrate on monthly/weekly charts for market structure and major ...

90% of traders fail...

Enter multiple times on a run like this. Progressively move stop losses to just above your entry when you can (don't be too early) so your trades are safe. Look for places to enter based on candles, retracements etc.

Does anyone offer tutor sessions?

ok here is the same chart on the daily - look at the perfect pin bar at support. Look for the target area, then look at your risk/reward. That's nice and simple - no indicators, clear chart, no rush. It gives you time to plan the trades, and then ...

Does anyone offer tutor sessions?

Earlier in this thread I mentioned the weekly chart on GBP/JPY for seeing some terrific PA setups. For anyone who is interested, here is a pic of it with my simple support and resistance lines drawn. (there's also a rising trend line, but I've taken ...

Does anyone offer tutor sessions?

You're most welcome. I'm currently trading some good PA on GBPJPY - have a look at this pair on a weekly chart and you'll see some lovely moves. Cheers

Does anyone offer tutor sessions?

Hi oopurple, I don't post often but - learn price action. How I trade is successful but I can't give away how I do it after the years (about 5 years) of learning, studying, losses, frustration and breakthoughs. You can learn how to do it. Keep it ...

Does anyone offer tutor sessions?

Simply - Market Maker brokers make money from spreads and your losses. If you trade with a MM broker you're not in the real forex world but the brokers made up forex world. They have to take a position against you. If you win, they lose. If you ...

Brokers, put the fish on the table!

Another major turning point was my move away from market maker (MM) brokers to and ECN broker (Electronic Communications Networks). Once you realise how MM brokers make money, it's surprising anyone trades with them. Having said that, I used to as ...

What helped you the most to be profitable?

Monthly, weekly, daily & 4 hr. 4 hr is only used for entry. Trade plan comes off analysis of monthly, weekly and daily charts.

What chart do you use? (M1, M5, M15) Does it make a difference?

I have several major turning points: 1. I stopped using indicators; 2. I stopped trading 1m, 5m, 15m, 1hr charts and started trading off monthly, weekly, daily and 4 hr charts; 3. I use a very simple system based on support and resistance; 4. I ...

What helped you the most to be profitable?

Not always - that's why it's important to do your analysis

Real Fx traders do not use stoploss

Is it possible to trade without a stop loss? Yes, this is the way I trade. However what you must be able to do is analyse the market structure and where price is in relation to major support and resistance levels, and what the trend is. If you can ...

Real Fx traders do not use stoploss

Yep, I'm back in too. My trade managed to miss my SL and I managed to grab $100. I've closed it for now - no too trusting of GM's environment/network/platform tonight! As I'm a newbie - hi to all. Currently based in Melb, although I normally live in ...

GoMarkets Discussion

I still can't connect to GM platform. It's been around 1.5 hours now. I'd just entered a trade as well. Luckily I put in a SL and TP, but I can't remember where my SL was. (this is a eurjpy trade I went long on). Damn, this isn't good enough, not ...

GoMarkets Discussion