Hey Guys and Gals sorry for not posting much in the thread but diligently working on my EA this is where I am at with it using hourly signals and daily and weekly frequency distributions. It is not exactly a large sample size but it still is a work ...

What I learned after losing $300,000 trading forex

Very well said that is also why you want to be aware of the bigger weekly statistical frequencies The problem that most traders face is they can only see the obvious AFTER the fact. Hindsight is 20/20 and they can never see clearly on the ...

What I learned after losing $300,000 trading forex

Many of you have asked about how to build your own spreadsheets for frequency distributions. I was given a customized spreadsheet from my mentor that I can not share but it is pretty easy to build one on your own. I pull the historical data from ...

What I learned after losing $300,000 trading forex

Very Nice Congrats! Yes, you are 100% right as you can see my original stop level for yesterday's GBPUSD short was perfect and the trade worked beautifully. I closed the trade because 1. It had a large move lower and then retraced very hard. I think ...

What I learned after losing $300,000 trading forex

No harm no foul. Just the one break-even trade for me today. USD was too strong by the NYSE open for me to fade any level but a super extreme. In hindsight, the trend trades worked brilliantly but I sat on my hands most of the day. I agree it was a ...

What I learned after losing $300,000 trading forex

This is an FTMO challenge trade stops are b/e now it still may work

What I learned after losing $300,000 trading forex

I readjusted my stops to above the Highs of the day this is a swing trade and it is worth holding on to. It was looking like it might be a day trade for awhile there

What I learned after losing $300,000 trading forex

I jumped the gun a little bit on this trade before my Algo signaled so I will admit a little dopamine rush happened Stops are now break even plus commissions

What I learned after losing $300,000 trading forex

The GBPUSD is testing the 1% line and I think this is one of those cases where I will short it but for a swing trade Short 1.32363 Stop loss is 34 pips higher target is 100 pips lower

What I learned after losing $300,000 trading forex

I do use the levels for entry points but not as often as you may think. IF the market has already had a big move past the .5% I will only very occasionally go with that trend and I will fade the level occasionally but only if I see that it is set up ...

What I learned after losing $300,000 trading forex

I thought I already ignored this guy but clearly he re-emerged. Don't feed the trolls. I ignored him. I have said several times already The powers that be in this business want to keep you chasing rainbows and lollipops. If any of that typical ...

What I learned after losing $300,000 trading forex

Some of you are starting to really see the trees through the forest and others of you are just too lazy or too jaded to keep an open mind. I told you all at the start of this thread that as retail traders we have ENEMIES that want to keep us stupid ...

What I learned after losing $300,000 trading forex

Thank you for fixing that

What I learned after losing $300,000 trading forex

Saying that knowing your market inside and out with proven mathematical statistics is superficial and derivative hahaha! That is like saying "I sort of know the things that make my wife happy and the things that piss her off". Good Luck with that!!! ...

What I learned after losing $300,000 trading forex

I wish I had a winning rate of 80% lol I dont know where you got that idea from but if I was winning 80% of my trades I would own Fiji. 55% is all you need to make a very good living

What I learned after losing $300,000 trading forex

Guys, there are 100 paths to the top of the mountain. There are 3 things stopping you from getting there. 1. Lack of proper Money Management which is really just saying (a) Trade Sizing in proportion to your account size. For that, I use a Kelly ...

What I learned after losing $300,000 trading forex

You don't have to believe it but why are you still in a trading forum searching for answers? In the last 2 years, I have made money consistently and the last place on earth I wanted to be was in here. Cognitive Bias is a bitch but if you have been ...

What I learned after losing $300,000 trading forex

Hi Gals and Guys So I am still very busy coding my AE for the FTMO Challenge and did not take any trades today but many of you still seem to be confused as to what does this data mean. Let me be clear. This data just means that the market is random ...

What I learned after losing $300,000 trading forex

Hi Guys and Gals I apologize for not commenting on the thread or posting trades etc... I found it was indeed causing me to have too much of a Dopamine rush too early in the morning. So I have avoided posting for that reason. Also in an effort to ...

What I learned after losing $300,000 trading forex

That is a nice little tool

What I learned after losing $300,000 trading forex