imo the continuation of the Daily uptrend is under threat. On a lower timeframe, there are several factors that allow to consider the correction continuation of the Daily trend to 23.6% and even lower. The downtrend has resistance, which is ...

Cable Update (GBPUSD)

It was about how to deal with emotions. Yes, the easiest way is to initially find and accept the correct behavior model, but each of us is individual. After more than 10 years of trading, I know mistakes can occur from time to time and need to be ...

The brutal truth of day trading

Hello I support the opinion about any strategy must include the statistical edge, actually take into account those factors that allow to determine the moment when this statistical edge appears. In addition, even if the profit result is good, a good ...

The brutal truth of day trading

Imo, the E/U will continue to fall to the key levels of 1.1610. As confirmation, I used the EMA 200 and the fact that the key levels are in the 50% correction area of the bigger trend. image

EURUSD only

The author's statements are close to the truth. And these aspects are really important, they are known to almost everyone and there is a lot of material on the Internet about money management, risk distribution, financing and warnings about not ...

Why Traders lose money and how to start being consistently profit

Searching for the trend start or a pivot point involves high risks associated with - false breakouts: you will try to find the end of one trend (breakout) and the beginning of another, but the levels that you consider as a channel can be breached ...

How do you know when the trend is over?

If you are excluded from the list, then you are included in the list of those who were excluded. My point is that even if you trade against the trend, it will mean trading within another trend.

Are you a trend trader or a counter-trend trader?

It was hard for me, but 2.5 years ago I really admitted I was not satisfied with a low results I had, when trading took more energy than it was profitable. This crisis came unexpectedly when I had a good trading strategy based on long-term ...

At What Point Do You Give Up On Forex

I take what I deserve and lose what I shouldn't have

In One Sentence - How Do You Trade?

I always look at previous levels when trade. But, if a trader trades only on the news background basis and events that may affect the market, the history is not so important imo

Do you need to see the past to trade profitably?

Please explain your opinion that diversification reduces profitability. For example, if I want to diversify my capital and invest in real estate, cryptocurrency and trade in commodities, then the risk of going bankrupt is already quite small.

Diversification

All obstacles have been created by us. Earlier smbd wrote that this is ironic, but I agree that our mindset and knowledge interfere the most.

main obstacle for traders

I have traded fundamentally, in the long term for most of my career, (I have now moved to the medium term and intraday). This taught me that every approach makes sense in the forex market because the market is alive and variable. Trading has taught ...

What have you learned?

Against or for what? Or is this thread intended for us to come up with something to talk about ourselves?

Do not be for or against...implement it into your strategy

Look at the W timeframe and you can see the direction of the larger trend. This is an uptrend, and the support has been broken (ellipse marked). image Now look at the D timeframe and you already know that there is a breakout of the uptrend on the ...

Identifying the Trend