Disliked{quote} From you last few posts, I can only say well done! There is intent and design in the forex market, but the challenge for retail traders is to recognize the intent and design, and then build a narrative or trading process around that recognition. Of course, sometimes something happens outside our understanding, and our challenge then is to learn to deal with the unexpected, rather than blame the unexpected on some malice in the market intent on hurting you. Sometime, shit happens. Move on. I sounds like you've got a nice process in place....Ignored
The biggest issue in trading forex I believe is this.
The setup we enter the market with may be valid for the following bar. All looks good then suddenly out of the blue comes some unexpected news that destroys our perfectly good setup and crushing our trade.
There is so many things that can go wrong between opening our position and waiting for our take profit level.
Most profitable and experienced traders I know and have seen their stats to back up their claims, make their money by only placing their money on the market for the shortest time possible, take profit and get the hell out of the market. They sleep safely with no live trades running.
For EA traders it is no different but on a longer time periods but not long term. They set conditions within their EA to only run during market structures that suit their strategy then turn off. I also run a small portfolio of EA’s which I totally shut down in February due to tanking markets that were toxic for my EA designs. I have a few running again now.
Cheers Rick
Trading thin liquidity at the boundary of the charts
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