prochargedmopar wrote:.v8power wrote:prochargedmopar wrote:BTW,
How did YOU trade GU last night.
Never mind, don't answer that, it is Irrelevant.
I'm not you so It wouldn't matter what you did.
Im not trading all week. I have two long term trades in place that have already made me triple digit returns.
Place a buy and sell trade at 2am est. Go to bed. Check charts at 8am est. Did you win or lose. Take notes of what price did. You will notice a pattern if you have lost. Then you should know which way to trade. Also take notes on what happens with news. What happens the next day after news.
Never take a big lose. Werent you taking hundreds of pips loses just a few weeks ago. Talk about the mother of all big loses.
Thankyou, I will do that.
That sounds like a much better Idea than trying to explain an elaborate system and expecting me to reproduce the same results as the creator.
Yes, I was holding on to a big loser on Ucad.
I committed to being in a position for 1 month and I chose the wrong direction on the 2nd entry.
Then added to it. My one month was up and you came along so I closed it all out.
Sure does feel good knowing i can now take a shower and a crap without the back yard stinking to high heaven. LOL
That was a LOT of digging. I rented a ditch witch for the trenches.
I kept hitting rocks and had to break em' up with a sledge hammer,
What a pain but well worth it.
Now to the roof, I'm going with metal instead of shingles.
Keep at it pro. I'll give you my honest opinion on what i would do if i were u. Delete all charts but g/u. Loaded 2 charts of each 5, 15min, 1, 4 hr, DWM. Do a cc of 3 bars on each chart. Load 1 hr candle over lay on 5 a 15 min.
Look for stupidly obvious momo on DWM. Then i would back test frankfurt breakout for the past 5 years. Take notes on news releases, reversal days, days after news, US breakouts of the box. Build your confidence in this one idea. Learn it in and out and how it reacts.
Trade it for a month solely and i mean solely. Dont even look at another chart. Who cares what u might miss, remember you have been a losing trader for 7 years (so you wouldn't have traded what u saw profitable anyway). Trade your trade plan to a t. If u miss a trade thats your own fault, own it and stop complaining.
I always place two trades. One is for a tp that is double what i risked. The other is for big gains, like 200 hundred today. You should start to see which ones will give u good gains and what ones wont. Use your HTF for holding longer, take notes when u lose and when u win. What samethings happened each win and lose, look for patterns.
Now this next advice i wouldn't recommend but it is honestly what i would do. Trade from 2am est until u have to work or 11 am est. Sleep after work. I know ur going to say i have a family. Its only a month. Plus u have the weekends. Imangine how much time u have lost with them over the past 7 years, way more then what iam advising.
I have one more step but i wont post it, cuz its way to extreme and i dont want u blaming me for ruining ur life when u do it wrong. I became successful at forex not by luck, but by extreme work ethic. I have traded/backtested four days straight. No sleep, no eating, only bathroom breaks and a computer went with me. My last apt my room was covered in printouts from kreslik. The kitchen walls were covered in quotez and ideas. I have dozen of notebooks with testing, printouts and what not. Besides from MO there are probably very few who work harder at this then me.
Good luck pro.