Sadly I don't think understanding the entire financial market inside and out will help you predict what / how the price will move 5mins or 1week from here, predicting is near on impossible which is what makes this game so difficult and interesting.

At What Point Do You Give Up On Forex

On the basis, 10+++ years ago I thought I'd made it and was making very nice $$$'s trading US Stocks then SEC Rules stopped my fun/income, I guess the only way to define MADE IT is when you stop trading as you've made enough to live off. Very Very ...

At What Point Do You Give Up On Forex

Equal arguments for both ways, good and bad sides to both ways, so might aswell just do what ever works for you. If it's no SL's, just don't listen to anyone else, there is losers pretty much anyway.

Do you use stoploss?

No M5 I was a M1 boy until this year, changed tactics here. Here is an example I posted earlier, yellow dots are short term 40ema Range, then the outter blue 200ema based lines markets tend to stop within accurately enough to trade off with a big ...

Simple Sma-based strategy

Easy is good! Varied, i have a stack of entry setups So require even more exit rules. I allow for expected range / chop, so i dont get SL'd if the market has a chop day. I also have faster setups with a smaller range. Lack of time keeping this a ...

Simple Sma-based strategy

Well, if only pos 1 fills then it runs 200pips, he makes 200pips, if pos 1, 2 3 and 4 fill then he'll make 2200 pips, scaling into a position has this issue, there is no way around this sadly just accept what you make and move on. I've moved to a ...

Simple Sma-based strategy

The loss will be small on the early positions, closing a trade to take a trade in the same direction makes no logical sense. Martingaling is where you do not have an exit strategy just a average down for ever strategy, so no it's not martingaling at ...

Simple Sma-based strategy

Taking losses on positions which if the trend holds will still make a profit is illogical, end of story. Odds are 1 of the trends will hold and there small lot size makes them not worth selling.

Simple Sma-based strategy

No this is just stupid bad illogic, why don't you just buy less lots save your spread charges. the concept is sooner or later the trend will continue then those first positions will hit the TP, simple. p

Simple Sma-based strategy

Just sharing dude, I've leached some of your logic, see if any of mine is useable to you, sharing is caring baby!!

Simple Sma-based strategy

Simple is key, the simpler my method gets the better it works!

95% traders go broke, only 5% survive

Okay firstly, you have / had maybe 100K+ account, 1% is fine, do you really need $1000 per day pushing yourself that hard day after day is going to lead to errors and greed and down days turning into revenge days and huge losses. Wish I had that ...

How and Why I lost over 75% in 2 days and what I’ve learned

Here is my method, M5, yellow mid 40ema, Blue 200ema H & L, White 900ema H & L, Envelopes 40ema 0.18% and 200ema 0.40% Example 1 :- EJ, it's pretty sideways 15 tested top of 200range and low of, it's not accurate but around that area if trendless I ...

Simple Sma-based strategy

I will postup my m5 chart when at pc later, basically when the 200 & 900 emas are flat and close together i switch to range mode, envelope ranges where the martket generally but not perfectly stays within.

Simple Sma-based strategy

Yes but the first trades are less lots so despite greater pip value aren't worth no where near as much as the later trades. Couldn't he also as they all have there own TP's lose on the first 3 but profit enough off the 4th trade on a bounce to cover ...

Simple Sma-based strategy

They all have there choppy useless weeks and there trend continuation weeks, likely tried this before with M1 going through all variations on the theme with M5 till something sticks, yes it's taking FOR EVER, accepting bigger SL's and trading with ...

Simple Sma-based strategy

Thanks, I leached a bit of your logic into my own method and although started off with a bad lose and had 2 outta the 4 trades I made hit SL EJ very quickly and UJ I shoulda closed for small profit had I of been watching, still slightly in profit. ...

Simple Sma-based strategy

It would be good to the see the Stat's on bounces from all those ma lines, given say 20pips of accuracy ofcourse as it's not perfect. It's likely 20% bounce of fastest MA, then 30, 40, 45 area odds, but ofcourse your first entry has 3 other reversal ...

Simple Sma-based strategy

Issue with my similar method is, when the SL gets hit the loss is HUGE relative to the size of the average profit, yes if I'm 4 positions in and it runs well then all is good, but 1 or 2 positions in and end up taking 30 - 50pips then it's a ...

Simple Sma-based strategy

Pretty much how I trade, EA use you have to learn when trend changes are likely this is a news / market opening pain so hard to teach an EA. trend changes are a pain.

Simple Sma-based strategy