blackman007:




The great infofirst, sometime you use to sound like a prophet lol, I guess most of the things you say is base on experience though, the simple strategy I’m using usually gives me a 1:1R, like if I risk 50pips, I can only get 50pips- 70pips on the 4hr time frame, I was doing that and things seems to be okay, but recently my friend whom we started learning to trade the same time uses 10 or 15 pips stop-loss to make that same 50pips, that’s about 1:5r sometimes he uses 5pips stop loss, I’m thinking of abandoning my strategy and learn the way he trades and picks his entries, but it has been really hard for me to do, because he picks entries on the 15 or 5mins chart, sometimes even 1min time frame and that is very hard for me to do, as far as I’m concerned his strategy or method makes a lot of sense because of the RR and for example if takes 7 trades I’m sure he will win 5 out of it which puts him on a very high level of profitability.... what do you advice or suggest I should do at this juncture other people’s tips and advice is also welcomed...

blackman007:




The great infofirst, sometime you use to sound like a prophet lol, I guess most of the things you say is base on experience though, the simple strategy I’m using usually gives me a 1:1R, like if I risk 50pips, I can only get 50pips- 70pips on the 4hr time frame, I was doing that and things seems to be okay, but recently my friend whom we started learning to trade the same time uses 10 or 15 pips stop-loss to make that same 50pips, that’s about 1:5r sometimes he uses 5pips stop loss, I’m thinking of abandoning my strategy and learn the way he trades and picks his entries, but it has been really hard for me to do, because he picks entries on the 15 or 5mins chart, sometimes even 1min time frame and that is very hard for me to do, as far as I’m concerned his strategy or method makes a lot of sense because of the RR and for example if takes 7 trades I’m sure he will win 5 out of it which puts him on a very high level of profitability.... what do you advice or suggest I should do at this juncture other people’s tips and advice is also welcomed...

Donvic4u:

strategy for months before u go live ( something I didn't do Sha, learn from my mistake)

Donvic4u:


I was exactly in yr shoes brother
I added order block to help me pick entries on lower timeframe..
Mehn I was burned...
Nobody told me before I ran back to my strategy of 40pips SL n 70 pips Tp
Take what you get n move on o
Or u suggest u demo trade his strategy for months before u go live ( something I didn't do Sha, learn from my mistake)

infofirst:


@Blackman007 Trying this first might be a good idea.

Theyoungmaster:




I've been reading on order blocks and Wyckoff for a month now. Are you saying its not profitable? Make i run now?

Theyoungmaster:



Boss, I've been demo trading my strategy since October last year. That's 7 months! Some trades are profitable. Some are not.
I just know deep down that somethings are wrong. I'm not entirely confident in it. Maybe it could be my psychology and not the strategy sha. For instance, last week, I took a trade on GBP/NZD last week, stuff first hit my Sl(25pips) before hitting my initial tp(100 pips). Same shit happened almost on all pairs on my watch list this week. It's draining. Maybe I'm not turning my entries properly. Maybe you could help me on how to deal with that. I'll really appreciate.

Donvic4u:


I was exactly in yr shoes brother
I added order block to help me pick entries on lower timeframe..
Mehn I was burned...
Nobody told me before I ran back to my strategy of 40pips SL n 70 pips Tp
Take what you get n move on o
Or u suggest u demo trade his strategy for months before u go live ( something I didn't do Sha, learn from my mistake)

blackman007:



Bro that is what my friend is doing exactly, wychoff schematics.... on those lower time frames, but he will draw a trendline or horizontal on 4h or daily, once price gets there he waits for bank manipulations, after which he will look for wychoff on 15 -5min TF either accumulation or distribution and trade it once he sees it....

Theyoungmaster:




I've been reading on order blocks and Wyckoff for some months now. Are you saying its not profitable? Make i run now?

Theyoungmaster:




Wow! First and only time I've really used Wyckoff was February I think. I used it on 4H tf. It was profitable honestly but it Took a lot of waiting before the schematics formed completely. Never thought of trying it out on 15mins. Nice! Thanks for your contribution baba.

Donvic4u:


I'm saying what works for others MAY not work for you.

Find a strategy that suits you n STICK with it..

blackman007:




The great infofirst, sometime you use to sound like a prophet lol, I guess most of the things you say is base on experience though, the simple strategy I’m using usually gives me a 1:1R, like if I risk 50pips, I can only get 50pips- 70pips on the 4hr time frame, I was doing that and things seems to be okay, but recently my friend whom we started learning to trade the same time uses 10 or 15 pips stop-loss to make that same 50pips, that’s about 1:5r sometimes he uses 5pips stop loss, I’m thinking of abandoning my strategy and learn the way he trades and picks his entries, but it has been really hard for me to do, because he picks entries on the 15 or 5mins chart, sometimes even 1min time frame and that is very hard for me to do, as far as I’m concerned his strategy or method makes a lot of sense because of the RR and for example if takes 7 trades I’m sure he will win 5 out of it which puts him on a very high level of profitability.... what do you advice or suggest I should do at this juncture other people’s tips and advice is also welcomed...

Eryyy92:
it's simple
Just go to 5 mins or I mins
And you use ur fib level
Or you go to 5-15 minutes time frame and look for reversal patterns
Set ur tp using a higher time frame structure
Then SL use a lower time frame
I hope it helps
50pips sl
Owner dey try sha
My highest SL is 30
Once my structure is okay
15-20pips SL
I can't imagine seeing my trades running almost 40pips losses
All my trades must give a above
1:2r
If it's not up to
1:2r I'll leave the trade

Th

Kaesyrn:



Same here although I've so much refined myself that the highest SL I use is 25 Pips max and 5 pips min...

I confirm my bias of a trade on the HTF and go to the LTF to pick entries...

I'm basically a PA Trader with added confluence like trading the pull back, channel trading and use of FIBS....

Its as simple as that, trading doesn't have to be complex or learning a bunch of complex stuff...

Stick to the one you find simple enough to understand and make use of...

As much as I loved Elliot waves
Cc. Voraz

I found it too complex for my small brain to understand so I stick with what I could grasp...

And that's basically it,
find what works for you, do some back test and refine yourself so that you have big profits and small losses and you're good to good...

My small cents...

Kaesyrn:



Same here although I've so much refined myself that the highest SL I use is 25 Pips max and 5 pips min...

I confirm my bias of a trade on the HTF and go to the LTF to pick entries...

I'm basically a PA Trader with added confluence like trading the pull back, channel trading and use of FIBS....

Its as simple as that, trading doesn't have to be complex or learning a bunch of complex stuff...

Stick to the one you find simple enough to understand and make use of...

As much as I loved Elliot waves
Cc. Voraz

I found it too complex for my small brain to understand so I stick with what I could grasp...

And that's basically it,
find what works for you, do some back test and refine yourself so that you have big profits and small losses and you're good to good...

My small cents...

romklef:
Less than an hour until NFP first time I'm trading base on news, wish everyone best of luck

romklef:
not bad get a little pips and stay aside to watch

Rich4god:
Some brokers are thief sha. I initiated a trade o. After the spike this afternoon, I noticed that the price went over my TP and it didnt trigger to close the trade. So I just assumed it was an error. I now set SL cos I noticed price was retracting, The price still went below my SL yet wasnt triggered.

Is there something am missing.

Eryyy92:
it'll be difficult for brokers to initiate any order(TP and SL)
Because volatility of price moves in milliseconds when the NFP and other strong news comes out
So it's better you just close up the trades urself after scooping some pips

GabsonFX:
I finally killed gold after I swallowed some losses from last week's range, took about 500pips this time.

GabsonFX:
I finally killed gold after I swallowed some losses from last week's range, took about 500pips this time.

Kaesyrn:
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GabsonFX:
I finally killed gold after I swallowed some losses from last week's range, took about 500pips this time.