thread: How do I move forward?

90908

EE is Emerald Eyes, the person I quoted. I know nothing about this individual than I liked this particular quote.

Thank you.

90908

I concur completely. If your emotions get in the way, you are likely to buy low sell high. What typically happens is that you get happy on an upspike and buy, and then sell at a loss when it starts to crash and you panic. In summary if you would like to buy low and sell high, you have to understand your emotions. But mastering your emotions won't make you money... only buying low and selling highquality.

Equally, money management is important. Lousy money management will crash your account. With no account, you cannot buy at any price....

Just a fast sidenote, dont believe you need to buy low and sell high,
it's perfectly viable to buy high and sell much higher.

Don't be scared to combine a trend if it's on the way.

I concur on the rest tho.

90908

Just a quick sidenote, dont believe you need to buy low and sell high,
it's perfectly viable to buy high and sell much higher.

Don't be afraid to combine a fad if it's along the way.

I agree on the rest tho.

Yes, I know , but for some messed up reason, riding a tendency is more challenging to me than picking tops and bottoms:S on H1 - H4

90908

So you're saying I should simply trade in my own and believe in my own?

Yep. There's no or book to read for ensured success.

Become a student of the market. Read forex news, order data, study market micro structure, macro economics, how price goes, ect ect. This is 1 hell of a lively market!

90908Get professional Assistance, Google for Tharp Trader Test

90908

I've gotten the belief of the advice in this thread which entrance is merely a little part of trading.
It seems to me, that emotions and moneymanagement is every bit as important.
If you don't agree, please share your wisdom about it.

Finol

The entrance is almost the least important part. The exit and exit egy are more significant than the entrance. But the exit requires a back seat.

Think about it. . The vast majority of trading info, information, systems, publications, indiors, etc., are all focused on the entrance. Yet 85%-90percent traders are losers over all. Why is this? Because profits are created on EXITS. Losses are reduced on EXITS. Until that sinks in and you can comprehend and put that into practice, the chances are vastly time against you.

I will speak from personal experience which you may nail tops/bottoms to the pip and to the pub and be 75% accurate about the entrance and lose your @ss. Winners are turned to by winners that are Allowing. Letting losers turn to losers. Not maintaining positive risk:reward. Accuracy means nothing if the winners consume all the profit when they're few and far between.

90908Cool Article JR97

90908

The entry is almost the least important part. The exit and exit egy if wrong are far more important than the entry. But the exit takes a back seat to cash management.

Think about it. . The vast majority of trading data, advice, systems, books, indiors, etc. are focused on the entry. Yet 85%-90% traders are losers over all. Why is that? Because profits are made on EXITS. Losses are minimized on EXITS. Until that sinks in and you can comprehend and put that in to clinic, the odds are against you.

I will...

Is Reasonable. I've been there:Id

You need to find something which works.

I think the best thing is: look at live prices for 5 hours per day and have an opinion. Don't trade, only look at it.

This I believe was a very curcial part. Because emotions get in the way it is hard to be looking for something that works AND trading in the time.

Don't just stare, look at it!

If you are looking for a egy and it does not have any clear rules on entry, leave and it does not have any backtesting results, place the thread starter on ignore and begin searching for something which works .

Most time as a trade one really spends backtesting. At least, it is with me the instance.

Get daily information from 90s and 2000s and perform it on simulator without a indiors (better pubs ( not candles) with a modarate speed, simply look at it, do not trade. Then you'll find things happenning around again, when you decide on what pattern you choose, look at the manner you approach it, where you enter and where you exit.

Good Luck.


I strongly advise from just taking some arbitrary egy out of a forum and trading it. There are no perfect books about trading. You do not need to know anything to be profitable. Look at chart and also have an opinion.

90908JR79,

I have to concur that there is just 1 way to generate money... exit a position when it's profitable. And that money management is more significant than exits. You're able to endure 50 exits that are bad. But one money management mistake is game over.

But just lately somebody gave me a lot of crap about my entries and I have to concede, entrances are very significant....right after money direction and exits.