First find out why it does not work. Are there changing conditions? Are your assumptions wrong? Why did it work when it did? Is there anyway you can improve it? Nevertheless, realize that no strategy works perfectly 100% of the time. KP

whether to change the trading strategy from time to time?

Don't be too sure mate. Suggest you check higher TFs, 4hr & daily. KP

AUD/USD

Ramzam, you were correct basically but in the context of what Low Profile is conveying, regarding market makers' trading approach, accumulation is when market makers are piling up orders before their manipulative/'fakey' action or stop hunting; ...

Order flow/Stop hunting/Manipulation

Imho, not really ramzam. Accumulation is the period of consolidation; you may have to wait for manipulation before you decide to buy or sell. Distribution is the period of price flow after accumulation/manipulation, up or down. KP

Order flow/Stop hunting/Manipulation

Daily RSI bearish! KP

Cable Update (GBPUSD)

Ranging now. Short GU for some profit before NFP. KP

Cable Update (GBPUSD)

Agreed!

My Trading Life

The DIBS method has great potential. I will learn how to use the concept in my trading. Thank you for this thread; and thanks to PeterCrowns who introduced it on FF a few years ago. KP

The DIBS Method... No Free Lunch continues

Openyoureyes, thanks for sharing. Your sincerity will help us newbies learn better from your experience. Wishing you successful pipping for the long-run. KP

EURUSD

Good point, Cat! It is important for each trader to use a system and strategy that they are comfortable with and have confidence in. Over my last few years of trading- off and on- I have discovered that having a simple, functional system gives more ...

The Trader's Academy - by Traders for Traders

Agreed! The counsel is to wait and watch for now. KP

AUD/USD

Thank you Medici for sharing, and for being honest. That is very encouraging for a newbie like me. KP

The Trader's Academy - by Traders for Traders

Developing and using a trading plan is important. An effective trading plan provides a rule-based approach to the trader's Forex trading business. The maxim will be: Plan your trade, trade your plan. This requires a lot of self-discipline, including ...

The Trader's Academy - by Traders for Traders

Thank you AceTraderFX. I find your analysis insightful and helpful. Keep it up. KP

AceTraderFx : Intra-day Market Moving News and Views on Majors

Good attitude Wiz. Survival and perfecting your trading style and system is the important thing when starting this business. Like they say, having the money to trade tomorrow should be a major emphasis. KP

The Trader's Academy - by Traders for Traders

Thank you Sunshine for this thread. I really enjoy and appreciate such a simple system as yours. Many green pips ahead for you and all involved. KP

When Price is UP, buy; when Price is Down, sell short...

Already in on short, targeting 1.07... area for TP. KP

EURUSD

Agreed GS. Continuous learning, humility, discipline and strategic improvement play a crucial role in consistent profitability. KP

The Trader's Academy - by Traders for Traders