What else to do to AVOID this?

mpups

Experienced member
1,024 143
I may need to go through some more lectures like online tutoring. Heard that ''So Darn Easy Forex'' (see on facebook) may be the best service to increase the knowledge..

ha! i wonder what made you think that the darn easy guy is the way forward

watch this video and tell me, do you still think you should learn from him?

 

YourFriend

Junior member
37 0
tomorton: noone answered my question. The replies are out of the scope of what I am asking. I was/am asking what else to do to avoid consuming time waiting endlessly for months for current loss to become profit or at least minimum what would cover negative swap so i don't loss money. Also provided some screenshots with a hope that perhaps someone will see catch a failure. Hopefully keeping in mind that, would make me not do the same failure in the future. I think Lightning McQueen is also a huge football fan just like me and he is probably busy with World Cup just like me. I am also football fan so I understand him. Actually all what I have learned from previous replies, and would like to thank you again to all who replied, is to look at higher timeframes, e.g. D1 instead of H4. This doesn't help me much.

Kaeso: according to my research, ''So Darn Easy Forex'' is the world's second best online trading consulting service, right after Tim Sykes' lectures for stocks only. Even ''So Darn Easy Forex'' guy is using new subscription plan which is for all financial instruments and not only currency pairs but his membership fees are very high. I have heard/read only positive feedbacks about him with full of detailed, well explained, knowledge. Do you know any better consulting service? I see many via google search such as tradingacademy.com, fxacademy.com, learntotradethemarket.com etc. Nothing seems to be better than ''So Darn Easy Forex''. Would you suggest anything else? Don't want signals/alerts.
 
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tomorton

Legendary member
8,378 1,335
tomorton: noone answered my question. The replies are out of the scope of what I am asking. I was/am asking what else to do to avoid consuming time waiting endlessly for months for current loss to become profit or at least minimum what would cover negative swap so i don't loss money. Also provided some screenshots with a hope that perhaps someone will see catch a failure. Hopefully keeping in mind that, would make me not do the same failure in the future. I think Lightning McQueen is also a huge football fan just like me and he is probably busy with World Cup just like me. I am also football fan so I understand him. Actually all what I have learned from previous replies, and would like to thank you again to all who replied, is to look at higher timeframes, e.g. D1 instead of H4. This doesn't help me much......


My thinking is the answers aren't bad answers as such, but you don't like them.
 
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FXX

Experienced member
1,264 258
tomorton: noone answered my question. The replies are out of the scope of what I am asking. I was/am asking what else to do to avoid consuming time waiting endlessly for months for current loss to become profit or at least minimum what would cover negative swap so i don't loss money. Also provided some screenshots with a hope that perhaps someone will see catch a failure. Hopefully keeping in mind that, would make me not do the same failure in the future. I think Lightning McQueen is also a huge football fan just like me and he is probably busy with World Cup just like me. I am also football fan so I understand him. Actually all what I have learned from previous replies, and would like to thank you again to all who replied, is to look at higher timeframes, e.g. D1 instead of H4. This doesn't help me much.

Kaeso: according to my research, ''So Darn Easy Forex'' is the world's second best online trading consulting service, right after Tim Sykes' lectures for stocks only. Even ''So Darn Easy Forex'' guy is using new subscription plan which is for all financial instruments and not only currency pairs but his membership fees are very high. I have heard/read only positive feedbacks about him with full of detailed, well explained, knowledge. Do you know any better consulting service? I see many via google search such as tradingacademy.com, fxacademy.com, learntotradethemarket.com etc. Nothing seems to be better than ''So Darn Easy Forex''. Would you suggest anything else? Don't want signals/alerts.
You don't understand the market. Your question doesn't have an answer that you would accept because the answer you are looking for doesn't exist.

Sent from my SM-G950F using Tapatalk
 
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mpups

Experienced member
1,024 143
.. according to my research, ''So Darn Easy Forex'' is the world's second best online trading consulting service, right after Tim Sykes' lectures for stocks only. Even ''So Darn Easy Forex'' guy is using new subscription plan which is for all financial instruments and not only currency pairs but his membership fees are very high....

that's fantastic, but he has given you the method to "always win at trading forex" for free in the video, no ?
 

YourFriend

Junior member
37 0
that's fantastic, but he has given you the method to "always win at trading forex" for free in the video, no ?

No, his entire knowledge is for paid members only but prices are very high. Were you his student or are you? Do you know any better ''trading training'' than ''So Darn Easy Forex''? So far I haven't used anyone knowledge at all yet. All I learned was on my own. Invested a lot of time, effort but there is still a lot more for me to learn otherwise I wouldn't need to waste time on those current losses of opened positions.

I am starting to think that I won't get needed answer/solution on your forum :cry:
 

barjon

Legendary member
10,705 1,809
...........I am starting to think that I won't get needed answer/solution on your forum :cry:............

You’ve had plenty of answers, but it seems that you haven’t really wanted to hear what’s been said.

The answer to your question “What extra protections could I do, BEFORE entering into position, to avoid unwanted retracement into the opposite direction comparing to my opened trade” is quite simple.

Answer: There is nothing you can do to avoid an unwanted retracement. What you can do is to protect your capital by taking a loss before it gets too great and/or ties up your money for weeks on end in the often forlorn hope that the trade will eventually come good.
 

mpups

Experienced member
1,024 143
No, his entire knowledge is for paid members only but prices are very high. Were you his student or are you? Do you know any better ''trading training'' than ''So Darn Easy Forex''? So far I haven't used anyone knowledge at all yet. All I learned was on my own. Invested a lot of time, effort but there is still a lot more for me to learn otherwise I wouldn't need to waste time on those current losses of opened positions.

I am starting to think that I won't get needed answer/solution on your forum :cry:

thank you for recognizing that it is my forum, many people forget this (y)

i seems to me you might need to dump the excess baggage acquired from your prior learning and go back to basics
 
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Fintrader

Junior member
23 10
So you went short GBPCHF in March at 1.291? And you said you were in profit at some point by 55% - when was that? Until April it only went up...

You said you hate to close for a loss, but with this kind of trading you really need to use stops. Is this sort of trading really for you?
 

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YourFriend

Junior member
37 0
So you went short GBPCHF in March at 1.291? And you said you were in profit at some point by 55% - when was that? Until April it only went up...

You said you hate to close for a loss, but with this kind of trading you really need to use stops. Is this sort of trading really for you?

I was in profit on the same day when i opened short GBPCHF position (2nd Match) and next business day. But was too greedy. Didn't have Trailing Stop Loss active and then major uptrend happened.

What sort of trading would be for me then? I researched for training called ''Platinum Trading Academy'' and got the answer from their representative that membership cost 8500 GBP but i don't remember for what time period this is. Yes you read it correctly: 8500 GBP for membership. I am doing my best to find something much cheaper - obviously i am talking about online consulting / training. Already know many strategies with indicators, custom and default indicators. Would particularly like to fill the missing knowledge gap when it comes to ''naked charts'' (price action) analysis. I think here is where I still have the most to learn.
 

FXX

Experienced member
1,264 258
I was in profit on the same day when i opened short GBPCHF position (2nd Match) and next business day. But was too greedy. Didn't have Trailing Stop Loss active and then major uptrend happened.

What sort of trading would be for me then? I researched for training called ''Platinum Trading Academy'' and got the answer from their representative that membership cost 8500 GBP but i don't remember for what time period this is. Yes you read it correctly: 8500 GBP for membership. I am doing my best to find something much cheaper - obviously i am talking about online consulting / training. Already know many strategies with indicators, custom and default indicators. Would particularly like to fill the missing knowledge gap when it comes to ''naked charts'' (price action) analysis. I think here is where I still have the most to learn.
Your wasting your time on naked charts and price action. It does work for a few but they are in a very small aggregate group.

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hatemypips

Established member
684 57
The market was initially doing what it was supposed to as indicated by the primary patterns, and you were right; but then the market took a funny turn and stopped doing what it was supposed to do, it became wrong. You were right all along and you are still right. Hopefully the market will behave as it should again soon and move in the correct direction, the way which you rightly determined (y)

You can escape this problem determining interval of "trust". I mean you will be right in backtesting and in future forecasts what helps to avoid unexpected issues in your trading.
 
 
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