Veenbanks:
First action you need to do this coming year is become extra selective.

-Choose only A++ setups

-Few trades

-Good quality

-Greater statistical edge

-A higher % of profit at the end of the month.

-Bigger payouts.

In trading, it's always better to eradicate than to add.

Happy new year in advance.🚀

dmahn:


There are good quality setups and A++ setups

I have 2 trades for example...

The first one comes with a 1:1 RR, just one confluence maybe a bullish engulfing, and it's a counter trend trade

The second one comes with 1:5 RR, multiple confluences maybe a strong support combined with TL, and it's a trend following trade

I didn't say the second one is more certain of hitting TP cause it might actually be the losing trade. But that is the trade I will be confident in going for.

You ll agree with me that some setup comes so nicely that you will feel like using 100 lots size cause how clean the setup appears, while some setups will show and you won't even be confident in using 0.10 lots size

That's my own counter argument boss... Bring the reasons why u feel there is no A++ setups with your own argument maybe I will be convinced... I might be wrong

Veenbanks:
First action you need to do this coming year is become extra selective.

-Choose only A++ setups

-Few trades

-Good quality

-Greater statistical edge

-A higher % of profit at the end of the month.

-Bigger payouts.

In trading, it's always better to eradicate than to add.

Happy new year in advance.🚀

Emmizay12:


When you try to pick a reason why a trade will work or not, you are putting yourself in emotional and psychological stress

Place 1000 - 2000 trades and you possibly cannot give each trade a reason why it did/didn't work or grade for that matter, you are just suffering yourself and profitable trading is not like that,.,, Mind you, you will place over a million trades in your trading career,

If you see a setup, as far as your conditions is met, whether it looks good or bad, confident or scared EXECUTE!! Your risk management is meant to handle whatever tricks the market has in store for you

A good looking setup can be a loser, a bad looking setup can be the winner, the market will play all sort of tricks on you

The only thing that stands is a ROCK SOLID belief in your trading system

Emmizay12:


No such thing as A++ trades
No such thing as good quality

See a setup, Execute

OfficialP:
From A+ to A++ to A+++ I guess

Donsheddy:


I just dey read codedly i no wan laugh 🤣😂
F9 ko

OfficialP:
Good morning Chief Don, d only Don in FTA

Davigle:
I'm already long the us30, and I am anticipating it to make a new all time high by taking out the 38,000 level, cheers.

BTCUSD buy at current market price with 500point stoploss, target is 45,000 and then 48,000... make market smile on us.

dmahn:


There are good quality setups and A++ setups

I have 2 trades for example...

The first one comes with a 1:1 RR, just one confluence maybe a bullish engulfing, and it's a counter trend trade

The second one comes with 1:5 RR, multiple confluences maybe a strong support combined with TL, and it's a trend following trade

I didn't say the second one is more certain of hitting TP cause it might actually be the losing trade. But that is the trade I will be confident in going for.

You ll agree with me that some setup comes so nicely that you will feel like using 100 lots size cause how clean the setup appears, while some setups will show and you won't even be confident in using 0.10 lots size

That's my own counter argument boss... Bring the reasons why u feel there is no A++ setups with your own argument maybe I will be convinced... I might be wrong

sampz:

Do u know what's going to happen next?
Your strategy or edge with that many confluence, doesn't tell u what's going to happen next, it's just gives u a slightly higher probability of winning that particular trade.
The big hedge funds and the banks may just decide to go in big at that moment and that set up is no longer valid..
A++ set up, isn't really that great for psychology. It would make u risk more believing it would always deliver and then, u have no more cards to stake with.
Just trade what your strategy tells u to,anytime any place ,with good risk money management.

dmahn:


There are good quality setups and A++ setups

I have 2 trades for example...

The first one comes with a 1:1 RR, just one confluence maybe a bullish engulfing, and it's a counter trend trade

The second one comes with 1:5 RR, multiple confluences maybe a strong support combined with TL, and it's a trend following trade

I didn't say the second one is more certain of hitting TP cause it might actually be the losing trade. But that is the trade I will be confident in going for.

You ll agree with me that some setup comes so nicely that you will feel like using 100 lots size cause how clean the setup appears, while some setups will show and you won't even be confident in using 0.10 lots size

That's my own counter argument boss... Bring the reasons why u feel there is no A++ setups with your own argument maybe I will be convinced... I might be wrong

Emmizay12:


When you try to pick a reason why a trade will work or not, you are putting yourself in emotional and psychological stress

Place 1000 - 2000 trades and you possibly cannot give each trade a reason why it did/didn't work or grade for that matter, you are just suffering yourself and profitable trading is not like that,.,, Mind you, you will place over a million trades in your trading career,

If you see a setup, as far as your conditions is met, whether it looks good or bad, confident or scared EXECUTE!! Your risk management is meant to handle whatever tricks the market has in store for you

A good looking setup can be a loser, a bad looking setup can be the winner, the market will play all sort of tricks on you

The only thing that stands is a ROCK SOLID belief in your trading system

kozmicity:
GJ and UJ buy hit TP. 60 pips each. I'm in a gold buy. I'm planning to hold it to 2090.

Sell limit on silver, I don't like when the PA looks different from gold but let's see as it develops. I might close out.

Us30 and Nasdaq buy limits set. US30 hasn't broken out of my sell zone, but I've realigned for a buy. Hopefully it taps me in.


It's only on silver/gold, us30/Nasdaq that I even think of correlation.

dmahn:


The bolded is the A++ setup we are talking about. So it means you have agreed that some trades have higher probability than the other ... But just as uve rightly said even with all the confluences, it doesn't mean it can't fail and that doesn't make it a bad setup

dmahn:


I get your point clearly cheif.. But the fact that you mentioned the bolded part shows you have agreed with me that there are good looking setup (A++) and bad looking setups...Not all setups must be traded. Infact the fewer the better

Look at your trade journal, there is a pattern or setup that gives you almost 90% win rate and there is one that has just 55% win rate. What the OP is saying is that we should go only for the good looking setups. We need confidence to let profit run

kozmicity:


Bullish. I've been in a buy since Tuesday last week.
My TP is at 1.28550 and it has only done 69 pips from my entry so far.

EXLOVER:
As a trader, have you bought a course online before, and did the course help in your trading career?


Cause I’m planning to get a course online i will be starting my year with.

Davigle:


I have never paid for mentorship, nor have I ever bought a trading course, so I may not be able to give you the best advice but in my humble opinion, I would rather suggest you do a deep and thorough research about the course you are about to purchase, make research about the author of the course you are about to buy from, does he/she have a solid track record, how good is the course, are there positive feedback from students with real results who have purchased the course, and so on. make sure you make your findings to clear any doubt before buying the course.

EXLOVER:
As a trader, have you bought a course online before, and did the course help in your trading career?


Cause I’m planning to get a course online i will be starting my year with.

EXLOVER:



Thanks bro

EXLOVER:
As a trader, have you bought a course online before, and did the course help in your trading career?


Cause I’m planning to get a course online i will be starting my year with.

EASYLIFE4US:
On 4h usdx, there's a key level @100.975, they're in a lot of hurry to hit that level today as Thursday is reversal day