You need to practice discipline. It's as simple as that.

Exercises to help follow trading rules

The irony about martingale is that there are easier, not mention safer, ways to trade.

Demo Trading, Martingales, and Real Trading

I'm attracted to this thread.

Law of Attraction-based trading system

You won't be able to get 20 pips out of the market every day. The market is not a cash machine where you insert your card and money pops out because you asked for it. It just doesn't work like that. I go for days without taking trades and instead ...

20 pips per day, is there anyone can help me?

To me trading is a simple game of playing the odds when they're slightly in my favour. Martingale doesn't fit that definition for me but that doesn't mean it won't for someone else.

Martingaling - Looks so good until the inevitable

There's a considerable difference between taking countertrend trades and martingaling. Let's not confuse the two.

Martingaling - Looks so good until the inevitable

Speaking of signals, there's another great disaster unfolding courtesy of the current #1 on Zulutrade: url Take a look at his open positions on GBPUSD. Absolute classic martingale gone utterly wrong. So far he's 2,500 pips in the hole on this one ...

Martingaling - Looks so good until the inevitable

I was about to point that out. Another thing to consider is liquidity and very wide spreads.

Let's build together a system which makes 1000%/month

It's a bloody long process but if you can endure it there's a light at the end of the tunnel. The key for me was learning to decipher the market structure. I am no expert at it but I've made massive progress in the past 12 months and as such my ...

Is trading really that hard?

Use whatever works for you.

Why so many indicators, oscillators, and tools on charts

It can be that simple. I take a look at what's on the road. Just because the light is green doesn't mean you should go through if someone else is running the red light.

Why so many indicators, oscillators, and tools on charts

That's great advice. I moved from trading 15M all the way to 8H and my trading has never been better precisely because I don't care about missing anything anymore. Another opportunity is around the corner.

Price Action and Trading Discussion

The problem is that way too many traders spend far too much time looking at indicators as opposed to price. Why try to understand the market through a proxy when you can look at the market itself?

Why so many indicators, oscillators, and tools on charts

Who knows why... Some people need them or at least they think they need them. I absolutely have no need for them and my trading became immensely better with naked charts.

Why so many indicators, oscillators, and tools on charts

At least three months, and then I would switch to a micro accoun for another three months.

How Long To Paper Trade

I suspect money management is not an issue for you at this point. More than anything you need to find an edge and then you have to practice and further refine this edge through money management amongst other things. If you don't have an edge good ...

Your Trading Struggles - What is the biggest factor?

If you want to improve your trading stop focusing on patterns and instead focus on properly reading the market. We don't trade patterns, we trade market sentiment. That's the holy grail. Zoom out and take a close look at the chart. Who is winning? ...

Can someone explain patterns please?

The road to becoming a successful trader is long, arduous, and extremely difficult to endure. What turned my trading around is price action and the consequent ability to properly read the charts. Far too many aspiring traders spend far too much time ...

Your Trading Struggles - What is the biggest factor?

Agree regarding USDCAD. With respect to inside bars I trade them successfully (approx. 60-63% win rate at 1R). The key is to trade them the way you should trade everything else. Try to go with the trend and avoid going against support and ...

james16 Chart Thread

If you want to reduce your account to zero then this would be the ideal way to do it.

Generating income from small high risk account