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BEAT THE MARKET MAKER - What a BS name. Good luck with that. Learn to trade. Instead of using this "holy grale" typ templates and indicators. Standard indis are more than enough, if you trade with them. Master the concepts of Trend, Momentum, Structure, Multi Time Frame (daytrader: M15, H1 and...
I understand the benefit of a trading journal. Because you can look e.g. in a month in it and review all your trades. What did go wrong or right an why. So you can learn more and see a pattern. Also in your thoughts and feelings if you written them also down. I did it for 3 months during the...
That are good points, but not enough in my opinion. Either do it like broskibroski wrote it here or go away from the screen completely. Or one learns emotional regulation, for example through breathing. And trains your mental strength. Apart from the fact that after a certain level you are less...
Ups :) I forgot to say DON'T try to flip your account. This is why most people blow up their accounts. They don't wanna play the longerterm game. Give you time to learn it. Or would you expect to be a doctor by next month?
I did also blow my first two accounts. I personally know some other successful traders in general (not only forex), that expierenced the same. At least one acc. one guy did blow 6 acc. until he became slowly successful. Never give up, if you like trading and especially if you have a passion for...
1. Always.
2. - to protect my capital - to hold my rrr (my minimum rrr is 1:3 - Is the reward below 3 then I don't take the trade, period.)
3. same as broskibroski ( 3. i risk a % of my account. I dont base my SL on the amount of pips)
4. As little bonus. Keep moving your SL (lower high/higher...
So the first question tells me you want to invest money. And the second one is that you want to earn some. What now? One is medium to long term and the other is short term.
PLEASE keep your hands off signal services, "traders" who promise you dubiously high returns, gurus who show you...
There is nothing wrong with your strategy and I know that it is successful. You pay attention to the trend, support and resistance and price action for the entry. As a TP you probably take the next relevant H1 or H4 zone without waiting for Price Action. But you don't pay attention to momentum...
Hello, I think this would be very useful for many people who trade with MT4. I know it's only tick volume, but nevertheless it is very very helpful.
Please use the exact value of 68.3% for the value area. If it should really not work differently then 70%. I do not know why. Just write me in...