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- Calsimay replied Jan 16, 2022
I have not posted here in a while but I found this to be very interesting. Here is my Experience from trading the forex market since 2015. The forex market is not random (no markets are random). There are specific signatures in price that you can ...
- Calsimay replied Nov 2, 2020
You seem to be a troll but I will respond just for the sake of new traders seeking direction. There are many ways to trade profitably. So keep doing what's working for you. Why don't you share some insight into what's working for you so that other ...
- Calsimay replied Oct 31, 2020
Here are some of the things I think contribute the most to most newcomers losing. - Lack of focus: - Jumping from trading system to system - I would say pick one with a proven track records and master it. - Trading too many instruments - I would say ...
- Calsimay replied Oct 31, 2020
For me, it would be strategies with less than a 10% drawdown and more than a 15% return. Semi-automated and automated systems preferably as they free up a lot of time. Not interested in trading systems with a short history. It's got to be ...
- Calsimay replied Oct 29, 2020
Here are results from an EA I am developing using these same strategies. It's still in its early stages but already looking promising. I am testing on the Demo account on Gold. image Risk management - No stop losses. Lock losing trades at 2% close ...
- Calsimay replied Oct 29, 2020
Here's an example of #3 in Post #128 where I took profit on 2 trades and close 3 trades for break-even today on GJ. 3. Leave a locked position and take profit on new positions until the price comes back to the level where positions were locked. ...
- Calsimay replied Oct 28, 2020
Yes, Hedge loss, add position, close the basket of positions in profit. Hedge loss, delete hedged position when price returns, and continues in the intended direction > take small profit or ride the trend. Hedge loss, take profit on a new position, ...
- Calsimay replied Oct 28, 2020
Here is a good example of #1 in my first closed trades today on GJ. 1. Add a new position in the direction that the market begins to trend and close all trades once they are in profit. image image image
- Calsimay replied Oct 27, 2020
True. Here's what's working for me. A good offense is knowing when to attack and when to play defense. So I stay clear of ranging markets. I am a price action trader so I primarily observe price behavior in candles on higher time frames using the ...
- Calsimay replied Oct 26, 2020
IMO, if a stop loss is not used, one should employ another way of managing your risk. For instance, using other orders to lock loss temporarily during a retracement before price moves in the intended direction. Or to transition into a complete ...
- Calsimay replied Oct 26, 2020
I tried very hard to improve this for over two years. I had good runs and then weeks where I almost gave everything back to the market. So, I decided to try the approach of managing trades using other positions until the market continues in the ...
- Calsimay replied Oct 26, 2020
I use a stop... a trailing stop to ride a good trend when I find one.
- Calsimay replied Oct 26, 2020
I suck at market timing and thus I suck at using stops. What has worked for me is this. -Using other orders to manage risk and manage trades into profit as a first layer. -Shutting things down at set max drawdown as a second layer. (When that ...
- Calsimay replied Oct 26, 2020
It's crazy. I've done 3 forex courses in the nearly three years I've been trading. None of them teach this. They all tout the use of a stop loss. In one of my courses, my instructor said, don't join forums that will teach you bad habits like trading ...
- Calsimay replied Oct 26, 2020
Thinking of it, the transition to not using a stop loss in my trading reminds me of the movie - the Metrix. I did not realize the truth until I took the blue pill i.e. leaving out those stops and started managing risk using alternative methods like ...
- Calsimay replied Oct 12, 2020
Until recently I've been a hobby trader. I am no Guru. The charts you see are old. My trading has evolved significantly for the better over the past few months since I've joined the forex forum. I started trading in 2018. Testing, validating the ...
- Calsimay replied Oct 9, 2020
Naked forex is the book that transformed my trading for the better.
- Calsimay replied Oct 9, 2020
True but I've found that price action signals are pure Gold. But since this is a thread on indicator based trading here's an indicator I've used profitably. Volume Spread Pattern Detector MT4: url Here's how I used it: If the trade reaches my ...
- Calsimay replied Oct 9, 2020
That has happened to me many times. But I am moving from semi-automated to fully automated trading at the moment. Won't have to deal with that again. EAs open orders exactly where you want them.
- Calsimay replied Oct 8, 2020
Naked Forex is a game-changer.