How to make money trading the FX market

This is a discussion on How to make money trading the FX market within the Forex forums, part of the Markets category; Please focus to the simplest thing, create order and hit TP or close trades at positive position. Everyone has their ...

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Old Oct 26, 2015, 8:41pm   #16
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Please focus to the simplest thing, create order and hit TP or close trades at positive position. Everyone has their own secret to make this real, find by yourself.
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Old Nov 5, 2015, 1:14pm   #17
 
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Mr. Charts started this thread GBP.USD. 15 sec charts
falling candles +29 pips
then again falling candles +14 pips
both trades exited when candle took out high of previous

trades on results of BoE decision
don't normally trade on such a short time frame
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Thanks! The following members like this post: Forexmospherian
Old Nov 5, 2015, 1:17pm   #18
 
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Mr. Charts started this thread too busy to take chart images at the time, sorry
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Old Nov 5, 2015, 8:35pm   #19
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R -
Delighted you have started trading the FX charts at last.
Keep up your very good work.
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Old Nov 20, 2015, 2:07pm   #20
 
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R -
Delighted you have started trading the FX charts at last.
Keep up your very good work.
TEAMTRADER
Thank you
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Old Nov 20, 2015, 2:09pm   #21
 
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Mr. Charts started this thread Here is a cable trade from a few minutes ago using the falling candle method. Eastern Time.
+45 pips
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cable201115.png  
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Old Jan 29, 2016, 9:07pm   #22
 
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I have a very simple question for you. Where are you entry and exit points? Your graph do not show anything except for price movement.
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Old Mar 10, 2016, 11:43am   #23
 
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Mr. Charts started this thread I've been trading FX for a while now using some of the dozen methods I use on trading US stocks and they are consistently profitable, with a majority of winners and strict stop loss levels to minimise the inevitable ones that don't win.

This is an example from this morning using a slightly adapted version of one of those range of methods, rising (or falling candles).
The pointer is at the entry and the screen shot at the time of exit.
The maximum stop loss was just below the low of the previous candle so with the entry at 1.4195 and maximum stop loss at 1.4192, three pips away, it was a very limited risk trade.
Profit 13 pips in a few minutes, a nice little bread and butter trade.
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Old Mar 10, 2016, 11:46am   #24
 
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Mr. Charts started this thread PS The time on the chart is US Eastern.
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Old Mar 10, 2016, 12:21pm   #25
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PS The time on the chart is US Eastern.
I still can't figure out, are you using technical or fundamental approach in your trading. I tend to to see market through the prism of fundamental events and IMO they carry the market but the point is can we mix it with technical (use it as a confirmation etc.) What do you think?
Thanks in advance.
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Old Mar 10, 2016, 3:01pm   #26
 
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Mr. Charts started this thread There was another almost identical move to this morning's trade at 13:42 and I missed what would have been a 23 pip trade by having a lunch break
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Old Mar 10, 2016, 5:48pm   #27
 
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Hi Richard

Have you thought of getting your systems coded up in say MT4 and selling them ?
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Old Mar 11, 2016, 6:21pm   #28
 
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I still can't figure out, are you using technical or fundamental approach in your trading. I tend to to see market through the prism of fundamental events and IMO they carry the market but the point is can we mix it with technical (use it as a confirmation etc.) What do you think?
Thanks in advance.
Fundamental events sometimes do not produce the expected reaction.
Although you can trade on technicals, price action is often the confirming key.
I think you also need to be aware of the overall "fundamental" background, in other words what the military term "situational awareness".
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Old Mar 11, 2016, 6:25pm   #29
 
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Hi Richard

Have you thought of getting your systems coded up in say MT4 and selling them ?
Hi Pat,
I have thought of that and rejected it. Most of my income is from trading, but I do like getting out from my trading room and meeting and teaching people face to face if possible.
To be honest, I can't be bothered having everything coded up then selling it.
Richard
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Old Mar 11, 2016, 7:21pm   #30
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What broker are you using to trade FX Mr Charts?
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