Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,118 members, 7,849,491 topics. Date: Monday, 03 June 2024 at 10:30 PM |
Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (479813 Views)
Forex Trade Alerts: Season 22 / Forex Trade Alerts: Season 21 / Forex Trade Alerts: Season 20 (2) (3) (4)
(1) (2) (3) ... (427) (428) (429) (430) (431) (432) (433) ... (1043) (Go Down)
Re: Forex Trade Alerts: Season 23 by kozmicity: 10:03am On Jul 12, 2023 |
PraiseGod4u: Maybe I was, maybe I wasn't. The point remains that if you take every trade you come across, your win rate would ultimately reduce when compared to trading only high probability setups. I don't even think this has anything to do with discipline. Let me use football; If you take 10 penalties with your weak foot, the outcome will be different from that of your preferred foot. The question now is; Why not just use your preferred foot in the first place? Instead of trading every single signal your strategy gives you, why not trade the best setups you can get? This reason, is why traders are encouraged to learn patience. I assume you have a lot of patience, discipline and confidence from your trades and the way you trade that is why you can say what you do. And its working for you so all is well. If it works for you, then it's fine because who knows, you might be an exception to the rule. It didn't work for me, it didn't work for others before me, it didn't work for others after me. |
Re: Forex Trade Alerts: Season 23 by kozmicity: 10:05am On Jul 12, 2023 |
charly20: Thank God someone understands. I already said I couldn't explain it properly. |
Re: Forex Trade Alerts: Season 23 by BinaryRocks: 10:06am On Jul 12, 2023 |
dottozil:Congrats. You're not alone. We're are all trying to be a better trader everyday. 1 Like |
Re: Forex Trade Alerts: Season 23 by kozmicity: 10:19am On Jul 12, 2023 |
PraiseGod4u: Look at my current strategy now, if I get an imbalance or liquidity pool before an orderblock, (with respect to trend of course ) It's a higher probability trade than if I don't get an imbalance or liquidity pool before the orderblock. Both work for me, but one has more confluences than the other one. Both can still lose, but one has more chances of losing than one. Both are originally the same setup, the same strategy too, but if I focus on one instead of the other, surely I'd have a higher win rate. 2 Likes |
Re: Forex Trade Alerts: Season 23 by charly20(m): 10:24am On Jul 12, 2023 |
PraiseGod4u: Those setups you know after spending much time on the charts have a high chance of playing out. Those types that tempt you to want to go full margin on them because you know it is more likely to be a success than a failure. The criteria for a high probability trade with my strategy is not likely to be the same for you, it is completely subjective. 1 Like |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 10:30am On Jul 12, 2023 |
kozmicity: Why are you not focusing on it? |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 10:31am On Jul 12, 2023 |
charly20: All your trades should be high probability then since you are trading a systematic approach and not a subjective one Itis called a trading system for a reason You have confluences youlook out for right? Are u saying there are times you dont lookout for all the confluences? Or there are times you lookout for certain confluences, meaning a different system for different conditions? I'm not understanding something |
Re: Forex Trade Alerts: Season 23 by OfficialP: 10:32am On Jul 12, 2023 |
CPI may fill the dxy gap created last night, then drop 1 Like |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 10:34am On Jul 12, 2023 |
kozmicity: Lol.. I'm already telling u that u are tempted to use your weakfoot thats why ur winrate is flunctuating. Now if u are truly disciplinef to only take shoots with your strong foot sinceyou know your chances are higher then why do u hesitate to take the shoot? Do you get my point? If u cant trade a signal your strategy gives u then it means two things: 1. You dont trust the strategy enough 2. You are not seeing something that'll give u confidence to take d signal hence you are not following your plan.. I wish nairaland has voicenote for me to explain better 3 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by karkinase(m): 10:34am On Jul 12, 2023 |
why am I seeing a rising wedge on Gu... is Cpi gonna be a bloodbath
|
Re: Forex Trade Alerts: Season 23 by dottozil: 10:35am On Jul 12, 2023 |
BinaryRocks: May our efforts be blessed 1 Like |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 10:58am On Jul 12, 2023 |
PraiseGod4u: bro same thing that is happening to me this week I normally risk 1% but since I had a buffer and I wanted to increase risk by 2%, I was looking for that high probability trade... omoh na there problem start, I started missing good setups because it didn't look perfect, I missed 3 good setups back to back the one I eventually took I lost the trade,,,, I was just laughing at the whole thing.. yes there is a high prob setup, but if you are only on the lookout for them you will miss the best trades because you will be second guessing yourself 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 11:02am On Jul 12, 2023 |
Emmizay12: There is no high probability setup for a systematic trader. Because before taking a trade, all your checklist should be met. We are the ones gambling while calling it trading 5 Likes |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 11:05am On Jul 12, 2023 |
kozmicity: even a weak foot can score goals if you are a footballer, 1 Like |
Re: Forex Trade Alerts: Season 23 by OfficialP: 11:06am On Jul 12, 2023 |
PraiseGod4u:I love how you see the market and trading |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 11:07am On Jul 12, 2023 |
PraiseGod4u: there is and there is not trading is not a formula, it is dynamic, and how good of a dynamic trader you are is what is going to set you up for life.. if it were a formula then we would only have needed robots to trade for us 2 Likes |
Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 11:08am On Jul 12, 2023 |
peteregwu:They're already eying 0.54000, if they don't break it then I'll buy back to 0.55000 |
Re: Forex Trade Alerts: Season 23 by Samuelmiracle(m): 11:16am On Jul 12, 2023 |
dottozil: Congratulations man. But don't forget to always stick to your rules 1 Like |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 11:17am On Jul 12, 2023 |
Emmizay12: I challenge you to open a 10k demo account and trade ONLY your high probability setups for the next two weeks. Show the house the history before you start and after the 2weeks If you can I'll gift u a 10k challenge. 2 Likes |
Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 11:18am On Jul 12, 2023 |
karkinase:You see cable, e no dey take eye see big round numbers like 1.30000, dem must touch am, but e go dey pretend like sey e no see the BRN.๐ 3 Likes |
Re: Forex Trade Alerts: Season 23 by kendoschurrle(m): 11:25am On Jul 12, 2023 |
PraiseGod4u: gbam unless na vibes and inshallah you dey use trade, nothing like high probability every trade get the same probability wetin dey funny me be say people dey hammer on emotions as one of the problems wey traders dey get still dem dey make room for emotions with this high probability talk like i don talk before, if dem no fit code your trading system (that is if e no get clear rules wey you dey follow every day), you never start 4 Likes |
Re: Forex Trade Alerts: Season 23 by charly20(m): 11:32am On Jul 12, 2023 |
PraiseGod4u: I trade a systematic approach, yes. There are conditions when not met that I do not execute. Example is GU for this month. I have not taken a trade this month on my account not because there are no setups but because there are no high probability setups in line with the conditions to be met before execution. This is my trading system. I'm sure many other persons here have made profit this month from their own setups after having met their own conditions. So you see, subjective. At the end of the month, I will reference my GU and Eurcad call from last month and why I didn't take any of the trades. 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by INCREDIBLEGUY: 11:32am On Jul 12, 2023 |
PraiseGod4u: You are a bad boy. |
Re: Forex Trade Alerts: Season 23 by dottozil: 11:35am On Jul 12, 2023 |
Samuelmiracle: Won't boss, thanks 1 Like |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 11:36am On Jul 12, 2023 |
charly20: Mehn i really miss voicenote feature. But what do u mean by "not because there are no setups but there are no high probability setups inline with your conditions" If your conditions are not met then there are no setups. Or is there something I'm missing here? |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 11:50am On Jul 12, 2023 |
kozmicity: Lemme shock u Do u realize that without an OB, imbalance or FVGs are enough. You can trade without OB but not without FVG. Now my question is why would u want to trade an OB that has no liquidity pool or imbalance as uve said? I hope u get my point now 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by charly20(m): 11:51am On Jul 12, 2023 |
PraiseGod4u: Today's paper trade. Is there a setup? Yes. Is trading on a news day good for my setup? No! My system requires that I sit on the side on news days because whipsaws could occur when ordinarily they shouldn't. You get my point now? News days to me is low probability market condition. It may not be for you.
|
Re: Forex Trade Alerts: Season 23 by karkinase(m): 11:52am On Jul 12, 2023 |
kendoschurrle:Abeg no kill me with laugh this morning which one be vibe n inshaAllah again๐ Shey na trading system |
Re: Forex Trade Alerts: Season 23 by peteregwu(m): 11:53am On Jul 12, 2023 |
EASYLIFE4US: Okay |
Re: Forex Trade Alerts: Season 23 by Donsheddy: 11:53am On Jul 12, 2023 |
Cpi has me defending today.... I no trust gu bears... Reason why i haven't taken any trade yet today... Them say make i dey trade high probability trade 2 Likes |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 11:56am On Jul 12, 2023 |
charly20: Yes this i can understand. I hope you get my point too |
Re: Forex Trade Alerts: Season 23 by karkinase(m): 11:57am On Jul 12, 2023 |
kozmicity:Orderblock strategy go put you for long thing oo.. you fit no see trade for 2weeks.. I think fair value gap and wicks fill are the best to stay ahead.. 2 Likes 1 Share |
(1) (2) (3) ... (427) (428) (429) (430) (431) (432) (433) ... (1043)
Free Skill Acquisition E-Center / How To Make $1,000/month Writing And Researching Online / Forex Trading Alerts - Season 16
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 80 |