Trading Successfully Now

[Pipsaholic]

Hi,

Not been on forums for years used to spend days and nights on them thought I may do a good deed today and share my success in trading I have a win ration 65-75% of my trades still need to learn to cut my losses early.

1. trade daily charts much easier
2. learn everything about price ranges adr etc
3. Use seasonality movements use previous years daily movements for sentiment.
4. Price trends 30-35% of the time and ranges 60-65% so breakouts will only be 1/3 or the previous days range 80% of the time.

View price action as A's and V's

It may take 5-6 years to master the markets watching it day in day out if your not prepared to put the time and effort into it look elsewhere for a career.

Take care friends.

 

[tomorton]

3. Use seasonality movements use previous years daily movements for sentiment.
QUOTE]


What that mean please?

 

[Pat Riley]

I have a win ration 65-75% of my trades

It's a little unusual to express that ratio as a range. At any given point in time it's goin ta be one specific number, unless of course you're trading a tranche of systems in which case it would make perfect sense.

But round numbers always get me attention.

 

[SmartGeek]

In trading the key is to have lots and lots of practice. Practice makes man perfect and the same rule applies when we are trading through Forex.

 

[tomorton]

This is like listening to a conversation between Baldrick and his twin brother.

"Don't worry, I have a cunning plan my lord"
"What is it Baldrick?"
"My cunning plan is that we should make a cunning plan that will get us out of this mess"

 

[Oscar Reed]

This is like listening to a conversation between Baldrick and his twin brother.

"Don't worry, I have a cunning plan my lord"
"What is it Baldrick?"
"My cunning plan is that we should make a cunning plan that will get us out of this mess"

Think they might be bots

 

[tomorton]

Think they might be bots

I hope so for their sake.

 

[SmartGeek]

Practice makes you perfect but practicing right and working on right path is also important. First you need to find with which strategy you need to practice.

Yeah, we need to practice and in a write way, else we might not learn it very well.

 

[Mr. Charts]

Think they might be bots

bots?
And there I was thinking AI had improved

 

[gerryg]

You will swim in the ocean trying different boats but if you don't know where is the dry land its all a waste of time. Unfortunately you should have strong economic and market basics before testing any strategy because if you don't understand test results and how to improve them, again, you are wasting time..

 

[Signalcalc]

I am not a robot:

To trade well one must concentrate, concentration is the key, without it we will not trade well and risk will increase.

 

[Oscar Reed]

I also not robot.

You must make more than you lose to be a successful trader.

 

[SmartGeek]

Yeah, that is the way to make a good profit online, you need to make more profit then the loss, which you incur, that is the way to survive in Forex.

 

[Oscar Reed]

We should focus on one thing at a time.

Never two things at a time.

 

[Signalcalc]

Yeah, the way to be a great trader is to trade greatly, the higher the goal, the higher the achievement. Focus on one thing is to lower expectation, expectation is what a great trader makes.

 

[Winherd]

I don't know what about you all, but I laughed a lot while reading this thread
I can't remember when I read such philosophical things

 

[Oscar Reed]

Successful traders have a green buy button and a red sell button.

 

[Signalcalc]

As traders we must recognise when to sell and when to buy, we must know the signal to enter the market and the signal to exit, with practice we can make profit from entering and exiting the market.

 

[SmartGeek]

Practice makes man perfect and Practice is the only thing that is needed to be done if we really wanna become successful in Forex Trading.

 

[Oscar Reed]

An apple a day keeps the bad trades away.