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MatDerKater replied Mar 6, 2022Yep. I take one look at all of this and concur with RC Trader's comment below: RC Trader: "I pity you! There is no light at the end of the tunnel for you and the other hopefuls here. Perhaps, after you learn to respect others' opinions. GOODBYE!"
Flip $100 to $45000 in 3 months. The challenge (open to all)
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MatDerKater replied Feb 28, 2022There are a lot of Snake Oil salesmen in the space for sure...some really big names as well whom I have been recommended by other aspiring traders, yet I watch their videos and my experience instantly tells me...bullshitter. I can see the guy is ...
Only 75% of retail traders lose?
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MatDerKater replied Feb 23, 2022Same with any 'setup'. The magic isn't in the setup, the magic is in the trader having the ability to choose the 5% of all situations where their setup will actually work. If you were to code the parameters of any retailer setup into an algo bot, ...
Fading the momentum move, does it even really work?
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MatDerKater replied Feb 23, 2022Indeed. I have closed a few forex accounts with very small gains (for various reasons), so I guess that makes me among the 25% winners...but really, I was a scratch trader just as I suspect the vast majority of that 25% will be. But if you consider ...
Only 75% of retail traders lose?
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MatDerKater replied Feb 23, 2022ORDERFLOW trading, will be expensive to learn. Typically, you will need a data feed to a centralised exchange, such as CME futures that provides REAL volume data and shows real orders. Around $50 per month just for that. Then you will need to pay ...
What is orderflow? Is there any good source to learn about it?
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MatDerKater commented Feb 21, 2022What, Democratic values like throwing all your political opponents in Jail? Ukraine is corrupt as hell.
Putin says Russia will recognise independence of two breakaway regions in eastern Ukraine
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MatDerKater replied Feb 21, 2022U already passed. Just trade another 5 days in small size and your done. Going by your max loss however, I would say that your risk per trade is likely quite large.....But it has paid off for you on this occasion, which means you pass, and can ...
FTMO - For serious traders
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MatDerKater replied Feb 18, 2022You can do this with ease in Ctrader... Mark your Entry and SL on the chart, then adjust position size where % is automatically calculated. .....one of the many benefits CTrader has over the hideous MT4.
FTMO - For serious traders
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MatDerKater replied Feb 16, 2022Indeed. I switched from what was ultimately to prove to be a winning position to a losing position in BTCUSD, to what proved to be a losing position cos of what I thought would happen with Russia - Ukraine situation...(I thought they would stage one ...
Real Trading
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MatDerKater replied Feb 15, 2022If I may offer my tuppence worth on Fib levels.... .....they 'work', when the trade location is well chose based on a bunch of other factors, and just so happen to align with key market structure and levels.....in which case, you would be as well ...
Real Trading
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MatDerKater replied Feb 9, 2022U got a glossary of the acronyms that you use on your charts?
Real Trading
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MatDerKater replied Feb 7, 2022There is a simpler solution to that. I can spot a clown (who can't trade) a mile off.....his 'input' won't be missed by me.
Real Trading
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MatDerKater replied Feb 7, 2022Do you think I need to see what your trades are? I don't....and fwiw, I see no compelling reason to sell EURGBP or EURUSD right at this point time...after a big green dildo like that seen in EUR last week, it is a safe bet to make, to say there is ...
Real Trading
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MatDerKater replied Feb 7, 2022All that is best expressed through the medium of a price chart.
Real Trading
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MatDerKater replied Feb 7, 2022I am in a similar trade, but with a slightly deeper entry and a much deeper SL. Why would you place your SL where it is? Just a slight overshoot into the previous congestion zone without breaking any structure, and you get stopped out?
Real Trading
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MatDerKater replied Jan 28, 2022Never quite understood what 'spread betting' was. *seems* just the same as cfd trading...but with different lot size limits (and tax free status in UK).
Spread Betting
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MatDerKater replied Jan 28, 2022Ah, good ol Fibonacci n Gann. Two of the biggest red herring trading methodologies out there, keeping the majority blinded by bullshit, so the minority who actually learn to read and interpret what the fuck is actually going on in the markets get to ...
Fibonacci, Gann... all the MATH!
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MatDerKater replied Jan 27, 2022Perhaps I still have a lot to learn, but to me the FTMO challenge seems very doable (if I started it since I went full-on Gung Ho and pulled my SL on a losing trade, I would be 75% of the way their....or arguably 100% as I closed out a bunch of ...
FTMO - For serious traders
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MatDerKater replied Jan 26, 2022Am thinking any move back up into the consolidation/distribution zone, has to be faded: image Will readdress this 2moro
Cable Update (GBPUSD)