What works now/today, may not work in the future. Market behaviours change over time. It is naïve to think that a trading system could be created/found to generate lasting profitability forever. 'How many times have any typical trader/you ...

How do you define a profitable trading system?

I feel that traders who have years of experience trading (be it profitable or losing) should have a general idea of how good they are and how much realistic chance they have in this field. I have been trading on and off for close to 10 years. I can ...

Successful traders are very, very rare to find

Are there any successful trader on Forex Factory?

Successful traders are very, very rare to find

'Don't be afraid of being outnumbered. A lion walks alone while the sheep flock together.'

Astral Trading Chronicle

'There’s a thin line between confidence and delusion'

Astral Trading Chronicle

Exact price entry levels have always been problematic. Even with leading indicators, it's hard to get them right. 1. Price slice hard through support/resistance level, in the form of false break by 10-30 pips or more. or 2. Price came close to ...

Astral Trading Chronicle

It is important to try to accurately anticipate, based on analysis of the chart, the overall direction of price movement, so that one can 'confidently' let one's trades run into big profit targets; and also know the signs that indicate one's ...

Astral Trading Chronicle

I want out at a good level. Will take a loss of 15-20 pips if things 'goes' well.

Astral Trading Chronicle

The pullback was really nasty tbh. Pretty much relying on confidence in the overall direction to stay in the trade.

Astral Trading Chronicle

Trading Style - Exit My Profit Target Or A Losing Trade. Never A Small Profit Trade.

Astral Trading Chronicle

By right, short trades shouldn't get stopped out in bearish markets. What were your price entries and where was your stop loss level?

USD/CAD

First profit target at 1.2770-1.2780

USD/CAD

Shorts working out very well.

USD/CAD

Think of it this way... It is easier to take money away from traders who think they are good at predicting market movement.

Why it is possible to predict price movement?

Your trading only have chance to improve, if you think and work very hard on your own trading, instead of looking for holy grails and easy solutions.

(binned per thread starter’s request) Whats really needed to make

What have I been doing differently recently? - Aggressive trading - Counter trend trading (against late stage of an ongoing trend) - Over trading (lol)

Astral Trading Chronicle

Here is the interesting point, why aren't most traders profitable in trading (ie. still consistently losing) after taking expensive courses?

forex Courses

Why don't people talk about drawdown and pips lost a day?

10 pips a day can make you rich quickly

Entry off by 20 pips, but I should be right on the direction.

USD/CAD

1.2880s is a very strong level. Closed out all long positions for profits. Shorting this now.

USD/CAD