Sharing is central to membership of the forum. Trade safe.
The combo use of trendlines with price action will bring a high and rewarding return. What do you think? Is this the case from your experience?
[B]Nuggets[/B]
âDonât worry about what the markets are going to do, worry about what you are going to do in response to the markets.â - Michael Carr
For me, I use a strategy that tracks, stalks and traps the markets. What about you?
What do you make of your trades so far this week? What are the takeaways or home truths?
One of the things I learnt this week is to be alert to juicy trading opportunities while stalking the market. Just yesterday during my market review ahead of my trading session, I saw an opportunity on the NZDUSD. The kiwi did not qualify as a priority pair for the week but I happened by the trading opportunity and had to take it.
I usually stick to my trading plan, thatâs why I get success in the Market, so donât need to do much different in that sense.
Very good. Sticking to your trading rules and plan builds trading discipline. Nevertheless, we need to grow and improve - learning continuously - to be consistently profitable in Forex trading or in any other career/ business for that matter.
Great saying, a trader can control many things about himself in regard of trading. You will hear many will say that market was bad today, market turned on them, market this and market that but in reality they are lacking control on their own self during this whole time.
Agreed. Much of the problems we traders face are self-inflicting. Letting the market be but doing what you need to do to effectively and efficiently read, track, stalk, and trap the market is the principal thing. Traders who plan ahead and are focused on using key criteria, conditions and rules in their trading and stick with them are much likely to do far better than those who donât.
Another important thing is always be prone to self-reflection. Look for what can be done better than before and learn from your mistakes.
Agreed.This is central to self-improvement for ultimate success, not only in trading but in all aspects of life. Trade safe.
A lesson from todayâs cable tumble? Never guess/pick bottoms or tops. Stick with the major technical outlook on a pair and let the market show its hands. Trade safe.
In my humble opinion, the fundamental approach to gaining a profitable edge over the market is to set your trap and learn to wait for the best opportunity to strike. What do you think? What do you see as the fundamental strategy to gain the edge in the market?
If you believe in using a top-down approach to trading, may be youâll consider doing a weekly scan and analysis of the pairs on your watch list. This has been a major change to the way I track and stalk the market since the beginning of the year. How about you?
What are your takeaways from the trades youâve had so far this week or any recent trading experience you had?
I got much more value from using more S/R zones on my set-up time frames than I was using before. I was having two S/R zones initially but realized the need to get at least double that number because my techniques are fundamentally linked to effectively using S/R zones and trendlines. What about you? What would you like to share with fellow forum members?
Imho, if you really want to learn anything of value from the Forum you should know what you currently lack and what improvement you need as a trader. What do you think?
I certainly agree. In order to improve you need to know where youâre making a mistake and then to figure out what that mistake was. Which, by the way, is often easier said than done.
Doing it is the nub. Trade safe.
What do you make of trading forum posts such as: âShort cable nowâ, âGo long at 123â, âI pray the price moves upâ, âThe pair will move to 0.1234â, âWho can tell me if the price would go up next?â etc. Of what value will any of such posts to traders? How will such posts help forum members to develop as traders?