infofirst:




Its better you agree with it because that is how it works. No one will wait for trades to close before taking it as DD. Not all DD will eventually end in gains. Its just like saying an account should not close out simply because the trades are still running despite the fact that DD is already 100%

hegelian:


It all the depends on the setting of analysis metrics.. You can set your DD to read using equity or on balance.. Some have equity DD on default which can be changed to be on balamce

Kaesyrn:
British Pound (GBP) Price Outlook: GBP/USD Range Trading to Persist then dump

https://www.dailyfx.com/forex/market_alert/2021/05/05/British-Pound-GBP-Price-Outlook-GBPUSD-Range-Trading-to-Persist-MSE.html

FUNDAMENTALS

GBP/USD will likely continue to trade within the broad 1.38 to 1.40 range in place since mid-April unless the Bank of England moves aggressively on monetary policy Thursday.

TECHNICAL

Bearish Pennant, GBPUSD to fall to the 1.3700 area amidst ranging. USD INDEX to pump Positive news at NFP


GBPJPY to follow suit albeit slowly

infofirst:




Its better you agree with it because that is how it works. No one will wait for trades to close before taking it as DD. Not all DD will eventually end in gains. Its just like saying an account should not close out simply because the trades are still running despite the fact that DD is already 100%

Donsheddy:
What is really happening here

alphaNomega:


WHEN YOU SEE ARTICLES LIKE THIS IN FOREX, DO THE OPPOSITE!

Kaesyrn:
British Pound (GBP) Price Outlook: GBP/USD Range Trading to Persist then dump

https://www.dailyfx.com/forex/market_alert/2021/05/05/British-Pound-GBP-Price-Outlook-GBPUSD-Range-Trading-to-Persist-MSE.html

FUNDAMENTALS

GBP/USD will likely continue to trade within the broad 1.38 to 1.40 range in place since mid-April unless the Bank of England moves aggressively on monetary policy Thursday.

TECHNICAL

Bearish Pennant, GBPUSD to fall to the 1.3700 area amidst ranging. USD INDEX to pump Positive news at NFP


GBPJPY to follow suit albeit slowly

Kaesyrn:


Quite understandable on level of trust and Market Makers Model MMM

At London session open I took 30 Pips from my Short position and I closed on BE...

I entered another short Again for 40 Pips TP and even if sellers liquidity is grabbed for the Long at NYSE me I go still enter am...

Anyways please do support your assertion with an alternative analysis presupposing to Long the Cable

GabsonFX:
Let's work on Psychology this morning.......A lot of you already have a working strategy but keep losing and never balanced!

---

You have been trading for 3months and more, demo or live.
In other words, you have taken more than 50 positions since you started trading.
But what did you learn so far, what did you do wrong or right?
Do you just let go and move to another trade?
Do you just let go and move to another day?
Do you care about past trades or NOT?
You don't even have a simple journal of your trades, physical or virtual.

These are bad habits, STOP and don't keep repeating that.

When you lose 4trades on the same pair consecutively, STOP! STOP!! STOP!!! Look back on those trades and ask yourself the question: Did I not follow my set rules? If YES, you need more discipline to be strict on your rules, I used to have check cards for my rules before I entered trades. If NO! then why panic? keep doing what you are doing, your time will come. yhyh always trust your strategy

Kaesyrn:





GBPUSD in a tight Range and Consolidating badly that I almost couldn't pick an entry just set limits awaiting the Sell which I backed up with a Correlation from EURGBP which is currently on a Long to cover the FVG...

Looking at some parameters to make sure I'm on the right side of the market when London session opens...

London Session EURGBP Running in profits and has enclosed TP 1 & 2 but GBPUSD still sluggish

We muevvve at NYSE...

Theyoungmaster:


One leg down has been printed.

Scenario 1; I'd be expecting a bump to test today's high and subsequently the 91.42 zone before a dump to last week's low at 90.31
Scenario 2; Break of 91.42 exposes further gains to the upside

Kaesyrn:
GBPUSD finally moving but surprisingly DXY dey drop...

Oluwa wetin dey occur...

Na now I see wetin occcur

My TP SMASHED I come buy am join chop sweet 60 pips...

Chop sell still chop buy it can only be GBPUSD my love...

blackman007:



This guy u Dey enjoy oo

Kaesyrn:





GBPUSD in a tight Range and Consolidating badly that I almost couldn't pick an entry just set limits awaiting the Sell which I backed up with a Correlation from EURGBP which is currently on a Long to cover the FVG...

Looking at some parameters to make sure I'm on the right side of the market when London session opens...

London Session EURGBP Running in profits and has enclosed TP 1 & 2 but GBPUSD still sluggish

We muevvve at NYSE...

Kaesyrn:


To successfully trade you actually need a good trading psychology and a good money management.

The sooner you know that the sooner you will stop the hunting strategies and just develop what fits you from the knowledge you have or accumulated knowledge you have from other people's strategies and then make your own personalized trading plan so you can follow it without feelings. And over the time maybe improve it.

And you will start focusing on improving your Trading Psychology and Money management so you actually successfully grow accounts and not burn them by your own trading psychology mistakes and poor money management. since no strategy in the world no matter how good you think it is, as soon as a bad trading psychology is applied and bad money management is applied you wont successfully grow a trading account but just burn it eventually, sometimes many times. untill the market humbly reminds you that its a probabilistic environment and the market does not move because of your strategy. but some people think that the problem is their strategy or they did not understand the strategy well, it might be true but still after fixing your strategy mistakes make sure you fix your trading psychology mistakes and money management mistakes. Just as how you remind yourself of all the confluences a trade has according to the strategy you are using also remind yourself of trading psychology facts before taking the trade and use proper money management to protect your equity at all times.

I hope you start focusing on Successfully trading with any strategy you want, like, prefer, understand better, mix whatever you want and personalize it and make your own trading plan of it and follow it with good money management and good trading psychology

infofirst:



Well stated and I agreed. Poor trading psychology and bad money management destroys a good trading strategy outcome in the short and long term and then I have come to realize also that some people do not have trading strategy in the first place.


You that is reading this...do you have a trading strategy or plan? Do you usually observe proper money and risk management? what about your trading psychology?

Until your answers are yes yes yes before the breakthrough can come. The good news is that you can provided you do not give up the struggle.

situations:
INDICES DOW 6|5|2021
DIRECTION BUY @ 34359
TP 100pips

Kaesyrn:


To successfully trade you actually need a good trading psychology and a good money management.

The sooner you know that the sooner you will stop the hunting strategies and just develop what fits you from the knowledge you have or accumulated knowledge you have from other people's strategies and then make your own personalized trading plan so you can follow it without feelings. And over the time maybe improve it.

And you will start focusing on improving your Trading Psychology and Money management so you actually successfully grow accounts and not burn them by your own trading psychology mistakes and poor money management. since no strategy in the world no matter how good you think it is, as soon as a bad trading psychology is applied and bad money management is applied you wont successfully grow a trading account but just burn it eventually, sometimes many times. untill the market humbly reminds you that its a probabilistic environment and the market does not move because of your strategy. but some people think that the problem is their strategy or they did not understand the strategy well, it might be true but still after fixing your strategy mistakes make sure you fix your trading psychology mistakes and money management mistakes. Just as how you remind yourself of all the confluences a trade has according to the strategy you are using also remind yourself of trading psychology facts before taking the trade and use proper money management to protect your equity at all times.

I hope you start focusing on Successfully trading with any strategy you want, like, prefer, understand better, mix whatever you want and personalize it and make your own trading plan of it and follow it with good money management and good trading psychology

infofirst:



Well stated and I agreed. Poor trading psychology and bad money management destroys a good trading strategy outcome in the short and long term and then I have come to realize also that some people do not have trading strategy in the first place.


You that is reading this...do you have a trading strategy or plan? Do you usually observe proper money and risk management? what about your trading psychology?

Until your answers are yes yes yes before the breakthrough can come. The good news is that you can provided you do not give up the struggle.

Kaesyrn:


To successfully trade you actually need a good trading psychology and a good money management.

The sooner you know that the sooner you will stop the hunting strategies and just develop what fits you from the knowledge you have or accumulated knowledge you have from other people's strategies and then make your own personalized trading plan so you can follow it without feelings. And over the time maybe improve it.

And you will start focusing on improving your Trading Psychology and Money management so you actually successfully grow accounts and not burn them by your own trading psychology mistakes and poor money management. since no strategy in the world no matter how good you think it is, as soon as a bad trading psychology is applied and bad money management is applied you wont successfully grow a trading account but just burn it eventually, sometimes many times. untill the market humbly reminds you that its a probabilistic environment and the market does not move because of your strategy. but some people think that the problem is their strategy or they did not understand the strategy well, it might be true but still after fixing your strategy mistakes make sure you fix your trading psychology mistakes and money management mistakes. Just as how you remind yourself of all the confluences a trade has according to the strategy you are using also remind yourself of trading psychology facts before taking the trade and use proper money management to protect your equity at all times.

I hope you start focusing on Successfully trading with any strategy you want, like, prefer, understand better, mix whatever you want and personalize it and make your own trading plan of it and follow it with good money management and good trading psychology

infofirst:



Well stated and I agreed. Poor trading psychology and bad money management destroys a good trading strategy outcome in the short and long term and then I have come to realize also that some people do not have trading strategy in the first place.


You that is reading this...do you have a trading strategy or plan? Do you usually observe proper money and risk management? what about your trading psychology?

Until your answers are yes yes yes before the breakthrough can come. The good news is that you can provided you do not give up the struggle.