richgen:
If I can remain unmoved ( with no emotions at all) whether my trade ends in a win or loss I'll become a good trader with time. This I know.

GabsonFX2:
Alright, I will, at least, finish the update on the currently running gold today and tmao; hopefully, it comes to a close tomorrow; else, I will no longer be able to post again.......But like you said, I should come back in November.

Next gold update is today's close.

Feshizzy:


Trade higher TF,
It's easier to manage emotions there,
Only trade H4 upwards and check trades only on new candle open

richgen:


Becoming a robot with no emotions to the outcome of my trade per time is what I'm thinking out loud here. Even if the trade is executed on HTs or LTs.

karkinase:
Nasdaq buy RsI confirmation

richgen:


Becoming a robot with no emotions to the outcome of my trade per time is what I'm thinking out loud here. Even if the trade is executed on HTs or LTs.

richgen:
If I can remain unmoved ( with no emotions at all) whether my trade ends in a win or loss I'll become a good trader with time. This I know.

Feshizzy:


Trade higher TF,
It's easier to manage emotions there,
Only trade H4 upwards and check trades only on new candle open

peteregwu:
On USDZAR, I also have anticipation on move to the downside. But pls, this trade could be dangerous. Don't joke with usdzar. I only entered with small position.

Feshizzy:


Trade higher TF,
It's easier to manage emotions there,
Only trade H4 upwards and check trades only on new candle open

TradingGod:
emotions is dependent on your risk

if your risk in a given trade is large you will still be emotional in executing and managing your trade

TradingGod:
emotions is dependent on your risk

if your risk in a given trade is large you will still be emotional in executing and managing your trade

Winnerrrr:
I'm actually still sitting on my hands because I haven't seen any setup yet on EU.

Karkinase, what's your biases on EU, seems like it'll sell massively tomorrow to daily support.

Geovanni412:


High b.p.will kill you before the trade wins or loses.

Geovanni412:


Boss, if you're still starting out, just focus on what I posted earlier.

Market teaches us things every day

Anyway, I believe you'll save a lot of time and blown money by focusing on that simple system even if you don't know anything about trading

Steps:
- Trade only one or two pairs, preferably eurusd and usdchf. These pairs are friendly to holding key support n resistance levels. You can also look at eurgbp as well
- Identify the last bar on the month in any of these pairs
- set alarm 100 pips above and below the highs and lows of that bar
- when it hits that Zone....it could take up to two weeks to get there, wait one more day for a pinbar to form
- if you have no strategy, look at the daily chart and place limit orders at the high and low of the nearest bar then go to sleep
- if you have a strategy, that would be the best time to apply it

On how to use pinbar and outside bar
- That question is dependent on the type of trader the person is.
- If, however, you are a set-and forget type of trader/swing trader, better if you wait at that key zone I pointed out
- there are a number of options or ways it could play out. I will give an example with mathematical areas. There is a second scenario which can play out, that is wherein it is a flag and continuation of downtrend, third scenario is it is a flag to the next zone then a big retracement could follow.

- Scenario 1 is the most common, scenario 2&3 may occur once in 4 or 6 months if you are trading a pair like eurusd, eurgbp or usdchf. The situation may be different for other pairs. I don't actively trade any other pair other than eurusd of usdchf.

Example (scenario 1),
Mathematical areas....

Common trading knowledge is that you should expect a retest of an area if market goes to 50- 100% movement away from the range of the area. (If you have fib numbers, you can punch in the key figures, I do calc manually using ATR )

If range of area is 0.940 to 0.920, it is normal to expect mkt to react at 0.910 which is half of that range. This is what happened in the picture below on USDCHF.

Also, if you checked last bar of December 2022, the low on usdchf was 0.920

1 Atr away from this is about 100 pips which is around 0.910 which also happens to be the same area of 0.5 of initial range. Waiting two days, you'd notice that a pinbar has formed.

You should only take a trade if you have at least two reasons to do so. Sometimes, three reasons is better.

In this circumstance, there are two reasons to buy. Market is forming a double bottom at a key zone and the rule of 3...

Rule of 3 states that Market tends to react in the adverse direction after 3 -7 bars. https://www.moneyshow.com/articles/daytraders-28139/the-rule-of-3-5-and-7-in-trading/

It sounds stupid but if you look at the chart, you'll notice the same game playing out every single week...it is the major game at play behind stop hunting.

karkinase:

I’m on Gold short already that point is the daily FVG and bearish orderblock on H4

karkinase:
Omo I dun exit all my shorts ..DXY might play funny during Asia.. Gud nite all

samfelly:


God know say I read everything finish and I no understand anything at all 😃

ucheuzor1:
Please guys am trying to get into forex trading.

I need good materials that can help me learn and grow in this field. Help will be highly appreciated. I am also open to mentoring.