Hi guys, my name is Vishal Jha and I am from India. I’ve been trading since 2017, but I was never successful. I have made some money here and there but I don’t think I’ve grown to be a good trader in these 4 years, knowledge wise. I am looking forward to learn new things from Babypips and hopefully grow as a good trader.
What’s up bro what aspects are you trying to learn?
Welcome to the community, Vishal. What do you think were the hindrances?
Welcome to the forum vishal jha. Im surepips, im pretty new to the forum but more than willing to offer genuine people help where I can. You have time under your belt so you will have an understanding as to how you are applying yourself. Do you follow a system or strategy? And what kind of trades are you taking?short term day trades and scalping approaches or have you been mid to long term swing trading?
I am not that interested in short term or long term trading, rather I like day trading or even scalping. I’ve had a divergence strategy for scalping trades it only worked well for few weeks. well, thank you for asking. I would like to know what kind of a trader you are intraday, swing or long term ?
I think there are many factors, lack of discipline, not a proper trading plan, too many emotions flowing in when I am in a trade, not understanding trading psychology, lack of a proper risk management. Back then it used to worse as all these boxes were ticked, but now I kinda have a better risk management, I am working on a good trading plan and trying to understand the psychology.
Hi bro, Actually I only want to look at how different traders approach their trade or what kind of strategies they are using or anything that can help me improve my trading in general.
Welcome to the community, mate. Hope you can get better in trading with some guidance from some great members in this forum.
Thank you mate, I am looking forward to that.
I hear you,I look for divergences alot to spot potential turnarounds and or take partial/remaining profits, not so.much as a strategy although it has an influence im some of my descision making. For me it depends on the charts 9 times out of 10,and what pairs i am trading. Usdjpy I like alot. Moves nice and slow so I’ll look to swing trade or if it gets a volatile day I’ll increase my r/r per pip and look to scalp the daily range. But honestly most pairs I approach with what the chart is presenting me with, so my trading style and applied strategy can vary dramatically from. Trade to trade. some times I’ll buy Into support or sometimes ill buy into resistance if price reacts with emas in certain ways. Would depend on current trading session and what previous sessions have done with price through out the day.I never try and force a trade… (anymore)
Btc being my most traded crypto I’ll approach from many angles with multiple goals in mind. Building a lower risk long term swing position that I’ll leave run for weeks on end at times. I like to trade consolidation ranges,
Im mainly trading using combination of a simple yet effective moving average strategy along side a variation of the market maker method notes of steve mauro…fantastic read btw. But I find consistency using these combined to find my entries when there’s xyz in play. Iv tried so many indicator based strategies , bollinger bands, volatility bands, ichimoku,alligator etc etc and whilst I found they can be of used but for me it was too much noise taking my focus off actual price movement as a whole.
Interesting trading style, as long as you are making %ages, good for you. I am also not a fan of indicators, I have also tried a lot of indicators btw. currently I trade based on Elliot waves, I add fibonacci and some divergences on the key support and ressistance ares.
Its weird is what it is and alot would probably laugh at times but its a system I find profficient and surprisingly accurate at times. Honestly though search for ‘market maker method notes, private study notes from seminar of steve mauro’. And have a read when your free. Or even on the loo or in the bath. 1st time I read It my perspectives changed immediately. Iv tried using elliot theory but I could never find consistency myself, glad your able to use it in a positive way. And I like fibonacci too allways considered it a little bit of a self fulfilling prophecy but its still amazing to see price wicking to a level to the exact pip and bouncing. Ill use extensions to sometimes find a reasonable take profit level or when there’s isn’t allways a clear zone you’d expect price to reach (most particularly in crypto when there’s no roof after an ath)
I’ll definately check that out, thank you mate
Day trader my bro, simple price action trader with overall fu da metals considered. I mainly trade session opens