Interesting topic to delve into. I will definitely be keeping an eye on this thread. The premise is good though as orders will be resting at these levels, many put stop losses there and also they lie on key levels from an institutional stand point

Support & resistance - Let's get creative

Ive used quite a few EAs with not much success if I'm honest, I've tried ones that were martingale and then ones that went in with a specific set of rules. I just think once a pair trends with no SL you're in trouble. It is a difficult one for me to ...

What's Your Opinion on EAs and How to Approach Them!

Really like this answer. Its very valuable

Good strategy but something's wrong

I always without fail use a stop loss, my strategy and all strategies are based on probabilities. If you don't use a stop loss one of the main variables is constantly in fluctuation you could lose more on one trade than the next. You then start ...

Do you use stoploss?

Completely agree with this, there are statistics that most start up businesses fail within 1-3 years, the drop out rate for medical school, law school is high. Anything that is difficult most will not see to the end, The biggest fallacy is that ...

95% failure rate?

I agree with this also there can be divergence of certain instruments. In theory there are 4 separate entities on correlating two pairs and it can be tough to get it completely bang on

FX statistical arbitrage

Really really like this. Im going to definitely do more research into this area

Auction Market Theory and Market Profile

Oh yeah for sure I have no problem letting my planned SL hit lol but having said that I'm now profitable and can always improve so that's the aim!

The Strength of USD

Id like more info too please

Forecast Forex using Numeric Cycles and Astrology Cycles

Very nice , thanks for sharing but that is key its one confluence amongst others. I have 3 and sometimes 4 if they are not as strong as I like

Currency Strength Simple

Agree, why do we find it so hard to trust ourselves lol I continually get out early even though I have backtested tonnes of charts and know the probabilities of my TP being hit a decent but I still think its going to turn this time lol

The Strength of USD

That is really interesting. I am of a mathematical mind too. I think there is definitely a structure it follows and there are small markers the market leaves each day. Once you spot them it is key to take advantage

The brutal truth of day trading

I always use a stop loss. You need to understand the essence of the markets is probability. You need to manage your risk so you have time to recoup your losses and gain back what you may have lost. You can only do that with stop losses

Do you use stoploss?

I always love having new articles to read. It really helps as there can be a nugget of info there out of everything. Always trying to improve thanks for sharing!

Reading Price Action

Thats really good! I have had maybe 6/7 trades where I haven't had a losing one but I am now numb to the losses. It has taken me a long time to get here but it feels good to not think of it in that way anymore. Although nothing better than a winning ...

What is your longest winning streak?

I really like to trade. Ive been doing this for 18months now and the more I do it the more I like it. it's key to how I've become profitable I think.

Let's be honest-do you like to trade?

Discipline is the key to success for sure. Once I became disciplined I became profitable

Rules of Successful trader

order flow patterns with strict rules

In One Sentence - How Do You Trade?

I wouldn't say so as Mark Douglas says trading is a pattern recognition probability game. Patterns re-occur all the time and you need to have a strict set of rules to follow to take advantage of the probabilities. It is important to become a student ...

Are We All Gambling?

I completely agree once you have a mathematical edge however small you have to focus on your psychology. Once you have your emotions in check you are able to apply it. There is one thing you need to factor in making mistakes. They are inevitable. ...

Rules of Successful trader