What do you do to make sure you never miss a trade?

One of the challenges I face is that I seem to miss really good positions. :open_mouth: Sometimes, I see them so late that there’s no use going in any more. :open_mouth: I guess this is also why I don’t have a lot of trades open. :sweat_smile: So what do you guys do to make sure you never miss a good trade for your pair? :open_mouth: Any app you use? Any alert or alarm?

Thank youuu. :smiley:

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things are pretty slow at work right now, so I have the time to respond to plenty posts LOL but trust me, you’re not alone lol I still feel the same way at times, but setting alerts does help. ‘Call Levels’ is an app in which you’re able to set price alerts. You can also choose your broker in the app so that the prices are accurate. It works with not just fx pairs, but crypto, indices, and more. Also, I tend to check where price is near the end of the 4hr periods (1am, 5am, 9am, 1pm, 5pm, 9pm), and the 1hr periods also,and just go from there

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absolutely nothing at all

Yeh. Must admit. After all these years I still do it. Matter of fact was commenting on it just earlier today on another thread. Not with my core system as that forces me to do what I need to do on a nightly basis and I’m conditioned to be doing what needs to be done. But with others. Never seem to be able to get in on a trend trade. Always see them after the fact and then ask myself “what exactly were you doing with yourself with this started”. I don’t act on this though i.e. learned a long time ago to not be “Johnny come lately”. But still. Lousy when you see something that’s been trending for weeks and there’s no real excuse for you to not have gotten in almost at the top or bottom (at least with the tools I would have used to get in anyway).

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I mark charts up like crazy but then forget to check again. By the time I check again, it’s already moved. And guess what, it moved exactly how I expected it to!

Meanwhile, the trades I do end up taking just goes the opposite way. Isn’t trading fun? :upside_down_face:

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I think the problem here could easily be solved by keeping simple notes on paper. Not in a document that you open, edit, then close, and forget to look at again. May sound basic and dumb. But it is the reason I never miss trades with my core system. About a half hour before the close I sit down and write down what I need to do in the last five minutes. And because I have become conditioned to doing this in the last few years I don’t have a problem. But it’s the other stuff like the start of a nice trend trade that I miss all the time. So probably just write down the instrument and whatever tool you are going to use for the trade and just make sure to check every day. Like I said: basic and dumb. But would work for sure.

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You could set a price point alarm to go off, you can also get the alert sent to your mobile phone app if your away. but never fear missing trades as there will always be more opportunities

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Well yes and no. If we’re talking short term trades then agreed with there always being other trades. But long term trend trades: not so many. The only two trend following systems I would use would have had me short the Dow (for example) all the way down in December last year, then all the way up this year, and then all the way down from just recently up until today. Wasn’t in one of them. Well alright: I wasn’t trading in December and up until a month ago. But I know for sure I would have missed the first two anyway. And no excuse for the current short. That’s six months down the pan. Now I have to wait for the bottom here and a turn. Anyway. Thanks to this conversation and somebody actually bringing it up: I don’t think I’ll miss the next ones. Will for sure have egg on my face if I do huh!!! LOL!!!

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A trader who have analyzed the market can understand when he will make decisions of entry and exit from a trade. Some brokers however provide expert assistance services where experts provide their intuitive decision or support to their clients. But it will depend of whether the client will accept the expert decision or not.

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What does that have to do with missing trades if I may ask???

As for broker analysis or assistance: that’s a bit of a slippery slope with most brokers I’ll tell you. And no broker is going to give you precise trading advice. For one thing and especially if they’re regulated: it’s not allowed anyway.

No offense to you and not singling you out but man oh man: these days there’s so many posts that look as though they’ve just been cut and pasted from somewhere. Or they’re nothing more than a regurgitation of the same old same old stuff. Like I said: no offense.

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I use custom-coded MT4 alerts which can also be sent in SMS if you are away from PC. But I try to move away from manual trading and create EA where it’s possible to substitute the routine job with automatic actions. Proper testing ensures that your EA works without mistakes.

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The good thing about missing out on a trading opportunity is that there will always be another, and another, and another…

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First of all, it is necessary to have a detailed description of the setup you are looking for, as you need to understand definitely what kind of situation you would like to see at the chart.
Another important element is to define price levels. You could place alerts on the important price levels above and below of the current price, so you would actually be informed when something would happen.
To avoid missing trades you can also use special EA that work the similar way as usual EA, but just inform you on the interesting situation instead of opening position.

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I like the discipline of maintaining definitions of the TA features that might get me into a trade. This can be simple stuff like what is the slope of the 50EMA? - up (bullish) or down (bearish).

I use an Excel table with a row for each chart and columns for each TA characteristic like the above that could indicate and confirm a trend. Each entry is Bullish, Bearish or Neutral: Bullish entries are shaded blue, Bearish shaded red. Its very obvious when a row starts to rotate to become mostly blue or red.

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Like PanchoVilla 84:
The problem of getting the feeling " shi…t, i just missed this trade, i am so angry now" is not realy a fundamental problem, it is just a question of attitude because of the oppurtunities. At the beginning of my scalping i was very often angry to have missed right now a trade, or when i swiched on the laptop i saw a good trade running away and so on.
Later on i realized, that there is no other field like the forex market, where you have so many options for winning trades.They come like on a roll tape one after the other, no reason to be nervous.
So when i switch now on the laptop and see a winning trade running away, i am relaxed and say to my self:“i dont care, there are so many during a day that there is never a shortage”

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Hahahaha. :smiley:

Sounds like an interesting app. :thinking: I think I need something that will really catch my attention and bring me back to my charts. Haha. Do you have to pay for it or can you download it for free?

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Hmmmm. :thinking: So what do you do then? :open_mouth: You just happen to spot good positions whenever you check out your charts? :open_mouth: Huhu. I wish it was like that for me too. :sweat_smile:

Wow. :open_mouth: Thanks for getting in here @dpaterso! :open_mouth: At least somehow I feel like I could be a little less hard on myself because even veteran traders experience this. :open_mouth:

So trueee! :frowning: It could get frustrating, especially if you have a lot of other things to attend to and you can’t constantly watch your charts for any potentially good entries. :frowning:

Oh my. :open_mouth: That sounds even more frustrating. :confounded: Missing good ones, and going for the losing ones? Huhu. It would have been best to not open any positions at all. :frowning: Huhu. What are you planning to do about this? :open_mouth:

Sounds simple enough Dale. :open_mouth: I actually have a document for my trades, and I must admit that I rarely get to check it. Maybe the trick is really going back to basics. :thinking: I’ll see how this could fit in my current trading approach. :thinking: