Damn, I tried averaging down before too. My friends who do stocks told me to do it. Got screwed too T_T. We do the same thing with price action! I set up my alarms too Another habit I had before is chickening out of buying dips and selling ...

What habits make your trading profitable?

It would be surprising if people would easily admit their own bad habits. It would be great if people can throw in solutions in response to bad habits stated along the way. I'll start off. A bad habit of mine is feeling bad and moping when I miss ...

What habits make your trading profitable?

I use it for lots of setups. Here, I made a setup for a retracement trade. Luckily, an inside candle appeared. I market exec'd a sell order when price went below the lower yellow mark I made. Price retraced nicely.

Trading at University, Advice Needed

Too much inflation is bad for the economy. Inflation is okay as long as it's controlled. Meanwhile, higher interest rates would give the people an incentive to save. Saving will decrease the amount of money circulating in the economy, making the ...

anyone need help?

Nice wins, but if you want to make fewer trades with bigger profits even when you lose more than half the time, you can try price action swing trading. It's not as exciting as intra-day trading but it can give you more profits if you do it right, ...

Trading at University, Advice Needed

In no order 1. Manage risk-reward ratio 2. Set and forget 3. Befriend the trend 4. Money management 5. No news trading 6. Price action, nothing more 7. No scalping 8. D1 to H1 time frames only

What habits make your trading profitable?

I like music but not while I plan, set up, and enter trades. I like quiet trading. Closest thing I can tolerate while trading is Postmodern Jukebox on YouTube.

What kind of music you hear while you trade?

Well, if you: 1. are not disciplined enough to master your mind and body 2. easily believe scammers and their bogus Holy Grail signals 3. only entered Forex trading for quick easy money then yes, quit forex asap. Otherwise, continue.

I plan to quit forex!

Both are indecision candles, not so strong indicators of reversals. Like it name says, 'indecision' candles show no love for either bull or bear. Market just can't decide. If there's anything that would be truly worth noticing, that would be huge ...

Which of these candles is more likely to signal a reversal?