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modsky replied Apr 17, 2023Here is my chart for today. I fell linto a trap i often fall into which is thinking when stochastic is very low that market MUST go up so i take counter trend positions not wanting to miss out. I should instead just listen to my system which did not ...
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modsky replied Apr 15, 2023image image image image image
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modsky replied Apr 15, 2023hello to all. I had some very nice comments privately asking about how i scalp etc. I think i mentioned i do not spend a lot of time posting things and explaining things. I believe if a person is going to have success in forex, they need to create ...
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modsky replied Apr 14, 2023no reason to be mad! A trade where you make money is a good trade. I scalp pretty much exclusively so once i open a trade TP is auto set, i move on to observe for the next. I loook at results at end of day. No emotion because it is just money. Today ...
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modsky replied Apr 12, 2023you have heard the advice/opinions from the really good traders here. if you quit, you will never learn it. if you study it, you WILL learn it. let me pop out of the woodwork as i do from time to time to offer some thoughts. You have been posting ...
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modsky replied Mar 17, 2023perhaps yes but for me, the .02 lot per $100 account is too big unless you CAN show consistent win and no loss. no loss with using stop loss is not going to happen in my opinion Consistency on win is getting good entry and know what the best ...
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modsky replied Mar 17, 2023BTW, while i posted the past few minutes, there was 2 trades we opened and closed for profit of $1 move in gold, 10 pips each which is what i always aim for. BUT every once in a while i see the chance to let one gumpy run. Not right now though. ...
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modsky replied Mar 17, 2023thx Jr, good to have a moment to post my wife and I are building two houses for the youngest two kids right now, and starting the farm up...getting all those veggies growing, setting up new irrigation, etc etc so not a lot of time for anything ...
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modsky replied Mar 17, 2023as an example, started to show my youngest daughter how to trade in forex. she had a $1000 deposit in the bank now for 3 years. Made 1-2% each year on it and reinvested that into the deposit. It was on Jan3 this year worth $1050 approx. We took ...
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modsky replied Mar 17, 2023I agree. It is about percent return on your account, not the amount of money from each trade. When you start with small account, the trades are small(lot size) and hence the money from each trade is small BUT it builds the account by a PERCENTAGE. ...
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modsky replied Jan 15, 2023i only really look at m15 chart for entries. I do know of course what the higher TF's are doing but i trade M15 only. I scalp only. Have done so for many years. Yes it is VERY profitable to do so.
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modsky replied Dec 19, 2022condolences Mr W. A loss of a parent is always hard.
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modsky replied Dec 16, 2022considering it is Friday, i took the two trades to net out just over 10p so i am happy with that. All trades done. still had a good day, forty pips total. image and it gives me something to review on the weekend. Was my decision making good? Could ...
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modsky replied Dec 16, 2022not great trading on this round but i do have a trade (sell) from above the red zone and may be able to use it to balance the earlier trade...will see how that words, and if it is needed or not. The higher trade is obviously protected to BE, so it ...
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modsky replied Dec 16, 2022still waiting for that trade to behave but in the meantme took 10p from bottom of red zone with the bigger pullback image and now with the new high, market is reaching to my next red zone. First trade is in drawdown but since i trade small I will ...
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modsky replied Dec 16, 2022i like this last candle. I like the time of day. I will look for a small pullback for a good sell entry if the next few minutes show it nicely. image sell taken at 1783.19 TP set for 10p i think it may give more but this as said before to me is a ...
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modsky replied Dec 16, 2022in some things i agree, in others i disagree. just my two cents worth here. i think all things follow price. The lines we draw, indicators, everything. Price does not care where we draw lines or what indicators say or what systems we use. Even time ...
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modsky replied Dec 16, 2022thanks, i do what i can when i have time.no need to be highly focused today, just routine work to make buy or sell trades.
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modsky replied Dec 16, 2022image sell from top of my zone area is not active, up 10p, protected for BE for now edit: a few minutes later, out for BE. waiting for next indication to enter
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