Im losing...insight requested....

thread: Im losing...insight requested....

  1. #1
    Junior Member trapers88's Avatar
    1

    Im losing...insight requested....

    I'm having or maybe it's just my thinking. I would like. Here is the problem, I'm losing more transactions than I profit from. I'll put my charts so everyone sees what I see and put in my trade journal so everyone can see what my line of thinking would be. They'd be greatly valued if anybody has ideas. Now the charts I'll be posting will be mt4 charts which are different from mine since I can't store them as pics or images they're via GFT but all indiors and stochastics are set the same. I use Pivot Points to set my goals and will have them on the charts also. I use 15 min. Charts with exit and entrance points marked. If anybody has questions please feel free to ask. Thanks for the help to everyone.

  2. #2
    Junior Member Alexgltg7's Avatar
    2
    Where do people get this notion that if you move to a larger time frame the price action somehow becomes more reliable? The only thing I feel it may do is give you more breathing space - but then you have to ch larger moves and you've got a lot more time to take care of trades so that you do not have to be by the computer considerably. However, on the smaller scales price action is often just as ordered and even greater than on the bigger scale (at least on E/U) and if you're profitable in general then you need to be making profit a lot faster - compare risking even double less on many trades every day (but using larger leverage for smaller moves so also earning well) to entering a trade once each week. . It's less work but also profit so.
    I am going to have to disagree with your point of view regarding this one, Jurrasic. The profit from looking at a bigger time frame produces a trader more sure that he/she is going to profit. A guideline is 90% sure that profit favors your position before leaping. If you jump around a lot of times, you are paying spreads that many times, not to mention how active you have to watch the market's changes. It sounds like you are currently doing overtime function of risky business.

  3. #3
    Junior Member eduard1992's Avatar
    1
    That is the first trade I did today and I did have a profit of 25 pips. I saw bullish hidden divergence, stochs have crossed, 5ema(tan) crossed the 8 sma(purple), the candle the arrow is on broke above the 21ema(reddish ). I was searching for a retest of the daily r1 in 156.16 as my goal. I anticipated stalling at 156.00(plogical number). This was the very first trade. Considering all the losses I had been nervous about holding this transaction.
    Why hold it then ? Try changing how you think about trading FX. I really don't want to really go into detail here because it will merely take forever to sort it out. However, I use my own method of trading FX with my own indiors. I am not hoping to get one to change you manners or indiors. Rather think about trading FX differently.

    Find out what I am talking about in my'only some food for thought' ribbon here in Forex Rookie QA.

  4. #4
    Junior Member Alexgltg7's Avatar
    2
    That is the first trade I did now and that I did have a gain of 25 pips. I found bullish hidden divergence, stochs have crossed, 5ema(tan) crossed the 8 sma(purple), the candle the arrow is on broke over the 21ema(red). I was searching for a retest of the daily r1 in 156.16 as my goal. I expected stalling at 156.00(plogical number). This was the very first trade. With all the losses I was worried about holding this trade.
    Congratulations on the winning trades!
    You aren't doing anything wrong. It is techniques and your style in gambling. Nobody will inform you if you're doing something right or wrong and every body has his/her techniques in trading. Let me inform you that patience is critical in Forex. Buy/selling too regular will get you in trouble. Start looking in a picture that is bigger prior to juming in. A line can be drawn by everyone but where the line ends is judgements and at which to draw. Judgements are based on practice. The more exercise the better.

    Good luck!

  5. #5
    Junior Member 37memo's Avatar
    1
    I'm still an amateur -- by that I mean I haven't developed enough skill to reside off my transactions -- so I thought I'd post this official article which I found on the web about cash management. It for stock traders, however its guie about the rule and the ratio is good for anyone.
    https://www.cliqforex.com/attachment...1823064168.pdf

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