Lanshile:
Meshpips you are really stupid

meshpips:


Okay sir. I agree with you.

In the near future, you will beg me with tear filled eyes

Learn to control what you spew from your mouth bro.

meshpips:


My brother, using a wider stop usually is not the better solution.

For instance, GBPUSD averages about 135 pips daily. If we go by your proposition, I will be needing about 200 pips stop loss.

Since GU gives us a maximum obtainable of about 135 pips each day, we will be putting ourselves in a bad place trading with a 200-pip stop loss.

The risk is now greater than our reward. This on its own is not bad but you will be needing a very WIN RATE to rkeep the system profitable.

The more correct approach is to have your risk being about half (or even lesser) of the expected reward. Let's imagine a simple entry at the 50% Fibonacci retrace with TP at the 200% expansion level. Here you are risking say 50 pips and expect to capture 150 pips profit.

I win will wipe away 3 losses. So a win rate of just 25% keeps you at break even. Anything higher than 25% tilts you into greenland (profit).

The issue of taking "many" paper cut (small) losses will be handled by your TTI (trade to implosion) which is simply the number of losses one will take before the account gets to zero. If your TTI is set to the industry standard of 50, you will need to be wrong CONSECUTIVELY for 50 times before your account implodes.

So with a $1000 account and a risk to reward ratio of 1:3
You can risk $20 per trade expecting to make $60
You will have 50 tries before the market flattens you out.

I hope this helps? The challenge is in finding that entry that can deliver at least 2 - 3 times what is risked.
I can teach you one method that gives at least 2 times the risk but you will have to pay for it or go the route of finding it for yourself.

Geovanni412:
Solution : how to approach swing trading

After market trends for two days

Do nothing for the next 5 days at least

Check the chart on eurusd or any other currency pair

On average -that trend move you are looking for will only come...

Anywhere between. 5-12 days afterwards

In summary:
- Observe 2 bar uptrend/downtrend
- Wait for 5 -12 days
- Take a position based on your analysis
- Rinse and repeat

Lanshile:
Meshpips you are really stupid

meshpips:
Ignorance plus arrogance is a terrible mix!

Learn to be humble and learn from those that have gone ahead of you!

That is if you are granted that privilege to be under their tutelage.

See the story I posted . . . nanningbob asked him to come join his private (VIP) group. He had to sell his CAR to raise the minimum amount that will permit him to be in the group.

There is a price to pay!

Elliotwaveforec:

Lanshile, why the outburst?

Elliotwaveforec:

Lanshile, why the outburst?

meshpips:


This is beautiful if it works for you bro.

I tell people to do whatever floats their boat.

Lanshile:

With what uve passed through in forex since u started can u sacrifice anything to be in any vip group or make payments to learn a strategy from someone else

Geovanni412:


What matters is what works

It is frustrating to consistently get stop hunted

It kills people's confidence...better for them to switch to higher timeframes

And go down lower to smaller timeframes like 4h and 1h.

An example of how to approach swing trading:
- notice how long it took before the market went down by over 200 pips.
- having patience allowed the trader to avoid shorting into the pullback at the low.
- Even with a s/l of 1 ATR on daily chart, a trader with patience could make a full return on his amt invested after waiting 5 days to trade. If he waited till day 10, he made more than 2x his risk.

Elliotwaveforec:

If I have the means, I can pay any sum to improve my skill.

For instance, peterfx has taken me back to that time on this thread when the likes of djwalata, pipti... and the rest were drawing trend lines, l learn how to draw TLs here before majoring into EW now. If I didn't know how to draw TLs, I can pay to learn it and keep the knowledge for life.

The TL strategy has enhanced my major technique. Thanks to peterfx.

meshpips:
USDJPY

sell limit at 130.28

stop loss 130. 47

Target 130.05

meshpips:
USDJPY

sell limit at 130.28

stop loss 130. 47

Target 130.05

karkinase:

I’m good man.. long time no see you here

klinksd:


Trade closed manually, 51 pips at 1.2363...🥂

Buy Side Liquidity not triggered today, as such, invalidated.

Omo, see doings

kendoschurrle:
everybody don dey boldly sell market for this place and people dey jutsify am,, e no be like that before o

people don fight this thing for here tire i no know why e dey okay now

e go soon turn to scammer world and dem go kuku ban the thread

Lanshile:
The group has started losing it purpose
The stupid veterans requesting for money makes it seems like fx is a scam
If it is money u guys want just solicit for help and we will contribute to help u out
Why hide under forex to be doing all this shit
Uve got the knowledge go proof urself to propfirms just like galleryeasy,infofirst and gabsonfx
It crazy

meshpips:
Here's someone's story . . .

A quick little story from the school of hard knocks:
2006 to 2008 - I started and followed Bloomberg and CNN. Man did I suck at trading. I lost deposit after deposit.
2008 - I started exploring Fx Street. I followed elioticians, harmonic traders, scalpers, long term traders. Information over load and I was jumping from system to system. I sucked at trading and was going nowhere.
2010 - I came across a pragmatic, charismatic, witty, funny prolific trader/poster. This guy was a popular all round nice guy. He could take a chart, put one or two horizontal lines on it and bang on the money all the time. His charts were clean and a breath of fresh air. It was a welcome relief from the information over load. I became so hooked on this trader and could follow him to the moon and back. I and everyone else were doing so well in our trading. The WTF moment came when this guy started posting less and less. We all realized that we were struggling in our trading once again. The wow moment came when he invited me to join him in a private group. I was elated and privileged. The only thing is that I had to come up with $10 000. I sold my car and everything else I could to come up with the money. It was a sh*t load of money that time and especially in South Africa. All went well for two weeks until he started losing big, and in no time my money was gone. It is only later on in life that I would come to realize that he was a range trader and caught us all in his good trading period.
Rest of 2010 to 2011 - I was financially shattered and stopped trading for almost two years.
2012 - I came across a guy here at Forex factory by the name of Nanningbob. I followed each and every post and this is where my trading journey really started making head way. I ultimately followed him to Steve Hopwood's trading forum and have been there ever since. I am eternally grateful to him and Steve for changing my life.

The charts that I post here is a product of over a decade and not just thumb sucked. I know each and every indicator backwards. More so, that it is re producible and I work off a matrix that can show me the state of any currency pair at any given time on any time frame. It may not be everyone's cup of tea, but it works for me.

I wish all traders here a successful journey and sincerely hope that you will not go through the same hard knocks as me.
Cheers

Note: seventeen good years of hard work. Now he has his own indicator based system (his brain child). You sit there, stretch your hands and tell him to hand the brain child over to you for FREE. My man, you must be a GBOMO GBOMO (kidnapper of little children).

meshpips:
Here's someone's story . . .

A quick little story from the school of hard knocks:
2006 to 2008 - I started and followed Bloomberg and CNN. Man did I suck at trading. I lost deposit after deposit.
2008 - I started exploring Fx Street. I followed elioticians, harmonic traders, scalpers, long term traders. Information over load and I was jumping from system to system. I sucked at trading and was going nowhere.
2010 - I came across a pragmatic, charismatic, witty, funny prolific trader/poster. This guy was a popular all round nice guy. He could take a chart, put one or two horizontal lines on it and bang on the money all the time. His charts were clean and a breath of fresh air. It was a welcome relief from the information over load. I became so hooked on this trader and could follow him to the moon and back. I and everyone else were doing so well in our trading. The WTF moment came when this guy started posting less and less. We all realized that we were struggling in our trading once again. The wow moment came when he invited me to join him in a private group. I was elated and privileged. The only thing is that I had to come up with $10 000. I sold my car and everything else I could to come up with the money. It was a sh*t load of money that time and especially in South Africa. All went well for two weeks until he started losing big, and in no time my money was gone. It is only later on in life that I would come to realize that he was a range trader and caught us all in his good trading period.
Rest of 2010 to 2011 - I was financially shattered and stopped trading for almost two years.
2012 - I came across a guy here at Forex factory by the name of Nanningbob. I followed each and every post and this is where my trading journey really started making head way. I ultimately followed him to Steve Hopwood's trading forum and have been there ever since. I am eternally grateful to him and Steve for changing my life.

The charts that I post here is a product of over a decade and not just thumb sucked. I know each and every indicator backwards. More so, that it is re producible and I work off a matrix that can show me the state of any currency pair at any given time on any time frame. It may not be everyone's cup of tea, but it works for me.

I wish all traders here a successful journey and sincerely hope that you will not go through the same hard knocks as me.
Cheers

Note: seventeen good years of hard work. Now he has his own indicator based system (his brain child). You sit there, stretch your hands and tell him to hand the brain child over to you for FREE. My man, you must be a GBOMO GBOMO (kidnapper of little children).