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If you force yourself to go through the list every time you take a trade… you will always do your home work. If you were, this simply could not happen. Looking forward to your series on trading psychology.
I hope you can give some advice or suggestion. Another way of making money in forex market! After the recent three day price action blitz webinars I held, forex4noobs has blown up.
The news hit my SL, then GU continued to drop another pips without me. In an uptrend only enter when prices are near support, in a downtrend only enter when prices are near resistance. I was not online at the time that those candles were closing, or if I was online, it was at 9, 10, or 11 pm, when the markets were not very active, causing spreads to be higher and movement to be slower. There are dozens of methods of deriving moving averages, the most common include Simple Moving Averages, Exponential Moving Averages, volume weighted moving averages and many more.
Lack of discipline is also a big factor. My request is I will be very grateful if you can do a video on the scalping strategy on the smaller time frame which you mentioned during the 3 day seminar as being quiet profitable. I wish you the best. When i seach for resources for it.
Click here to cancel reply. I responded to a similar question above, here is a link. Love the method and the support. I will work on a video, or a webinar covering some of the math behind managing open trades.
Some assets are very volatile with large intraday movements. I know you had a psychological course on the forum. I would like to become a student or watch the price action blitz videos.
Before this, I was being helped somewhat by a person that took counter trends to missed weekly pivots. All last year I was a gambler, losing a lot more than I was winning. Thanks for this opportunity to express some frustration. Strategy is 1 of the 2 pillars of risk management, the other is money management.
Trading the higher TFs is already helping me, because trades are farther in between and it leaves me time to stay emotionally calm before the next trade. Well, my to biguest problems are: Of course, i used all the systems i could find on the internet, but hopping from one to another. I feel like a fool.