blessed and all the best…it;s been done, no doubts
why are you suing nononsense forex?
im not lol hiw u got this impression?
from your text.
Lol, is it class action? I’m in!
Interesting. Are those NoNonsense guys good? They’re on Discord? Is the weekly a long enough time frame for this strategy, you think? I’ve been starting on the monthly and dialling down. It’s going okay, but I could really improve my entry points. Sometimes I’m waiting 3-4 weeks for a trade to go my way.
I’ve had that on a couple of trades recently making me more selective with my trades. Untimely entries do make opportunities to scale in though - assuming you accept the DD.
This week nothings really taken my fancy, quite a lot of movement last week - particularly CAD pairs.
@The_Baller - how’s your trades/balance looking this week?
Hi, I am one of those NoNonsense guys and hate to admit we’re good…
Joke aside, you should definitely give that a try, people /we) are very friendly and helpful and the system is solid because it does not belong to anybody but you. It’s all about modifying the ever-so-useless indicators and finding out that there are actually hundreds of thousands out there for you to discover. It’s fun and very rewarding. What am I doing here if so? Well, it’s a game for me and I do find the chap quite amusing. He seems to have nailed it. There is a lot of sense keeping it simple but I can assure you there’s definitely more than one way to skin a cat. (No harms ever done to felines, over where we hang out, rest assured, though…)
Cheers.
For this account, haven’t done much lately.
Added a few positions beginning of this month and will be seeing them all out before adding any more.
In general its all fine and will come good pretty soon.
I’ve already made a 112.82% gain on this account and still going, so there’s no real rush or urgency for me to take unnecessary risks.
Winter is coming and there needs to be pizza on the table.
USDCAD is long. Rest are all short yes.
Cheers. I know you are a serial shorter, so just wanted to check
I have got the same issue my friend. Currently holding short position on USDJPY for 5 weeks and still not beyond my entry point
Someone in NoNonsense forex posted on Friday that his algo showed a long on USDJPY so I exited immedeately after I checked confirmed TradingCentral’s targets within ctrader to be long for up to the 4H timeframe
when do you scale in ?
No worries, I am not really looking at 4H charts, maybe sometimes to find an entry point - this USDJPY I am currently in will be closed once in profit.
@The_Baller as someone who is taking alot of influence from you, do you mind me asking a few stat related questions? I know you don’t really fuss over that stuff, but I am asking because I am trying to determine if and how similarly I am following things the way you do.
Would I be right in thinking you have a risk/reward ratio below 1, and a win ratio in the 90’s? I would guess you would, because you seem to just take profit wherever you see fit, and not adhere to any strict risk reward style profit targets.
I am finding in my own trading that I’m using stops in the 300-700 pip range, and taking profits in the 100-200 pip range, which shows up in the stats like that which is why I’m asking. I’m wondering how much to fret about that really.
So my first post on this forum and specifically on this thread. I’ve been browsing the forum and taking the course to understand the basics. I’ve read the thread a couple of times trying to glean as much info as I can.
I’m brand spanking new to trading and bouncing around looking for the “holy grail” as I like rules and structure but not having much success whilst trying to scalp or day trade. I don’t have time in my life to stare at the screen watching M15 candles as I run my own business.
This thread has been really great in simplifying my approach and I really like the top down approach highlighted.
I’m also trying not to over analyse and have a multitude of S/R lines and the higher TF have made me far more aware of the overall trend.
Still working on refining lot sizes to risk & SL levels particularly for non USD pairs (demo account in USD).
Biggest mental challenges: 1) Not to want to overtrade for the rush 2) SL far away from the noise 3) Patience 4) Consistency
I’ve have found the examples of charts posted by various members and the critique of these charts by @The_Baller and other members very very helpful!
Cheers, @Constadino. I joined their Discord. Do you know when the trending pairs chart you posted before is on that? Thanks Dev