Hey there, I have been trading for about 6 months now and just about every trade slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis and MTF analysis, but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take(I know, it sounds stupid but I was desperate) and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
@Adam camp Allen You're right, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any?
@Adam camp Allen I think I have seen this name on a trading forum before, on discord one time, is she really that good ? And how may I contact her if that isn't too much to ask.
VITAL QUESTION IS--If trader was trading forex pair to hold for average duration of 3--5 days what time frame should be used for TREND DIRECTION?--IS IT 4 H CHART? Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower times frame trend).Trend on 4H chart may be the best trend guide for majority of forex traders.. By the time trader confirms that trend on daily chart is up, market has already gone up about 5-7 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 10--15,four H candles has enough big players/juice/force behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset to lose again. Your wisdom/expariences please.?
Squeeze momentum indicator however I've made some adjustments to it and it's pretty accurate. Works great on 15 minute chart, any crypto. Inputs: as default. Style: changed from histogram to line; color 0 and color 2 as default but color 1 I changed to pink and color 3 I changed to light blue. I enter long on the next candle after squeeze momentum turns light blue or green and exit on the next candle after squeeze momentum turns pink or red. I enter short on the next candle after squeeze momentum turns pink or red and exit on the next candle after squeeze momentum turns light blue or green. I just don't know how to avoid ranging markets. I've tried some volume indicators but using them I've lost very big trends.
I have been heavy on stock trading before I was introduced to crypto trading. At volatile stage of bitcoin, the price movement is also induced by the same trading circumstances as stock trading, With this you can time mrkt pivot signals with the right tools. Considering all this, you need to have a good strategy when trading, before meeting Eric Birger, I had a string of trading losses that I'd like not discuss. Thanks to his meticulous guidance, I've had a great experience employing his Signal techniques for my trades, as I've watched my portfolio grow by six figures under his guidance.
if i wasn't introduced to Eric Birger's services, i don't know how much longer i could have continued trading without an experienced guide. I would forever be grateful to sir Eric's signal service.
A lot has changed and that's on everything but the truth is that i don't even care much about bullish or bearish market because Eric Birger got me covered, I am comfortably making 5.1B T C monthly.
First a backtest of the the indicator the way the original creator actually used it seems nice and there's is this angle strategy from Epic Trading Reviews S16 that seems to be really good.......... I think he enters a trade on the first angel after the ema cross. Thanks again for all your hard work really love your channel
I don't use stop loss. Stop loss is for losers. Yes, stop loss is there for a good reason, and that is to protect your account or funds, but if you are really a good trader, first your mentality should be take profit not stop loss. You came to trade to win not to lose, but yea I get it, it's good to be careful. But if a trader is a really a good trader, he or she should know when or how to make profits based on what's presented of him, the charts, the candlesticks, the trends and all that. Yes, one single bad trade is all it takes to wipe out your entire funds / account, but in my case, I don't use stop loss, but still I get 98-100% accuracy, no kidding. If your strategies are good, if you studied the current market condition, you should be all set. I only use stop loss once in a while if I feel the need in hanging on a little longer, but usually, I don't use stop loss. There are other ways to manage risks, but stop loss is just one of the choices. Good luck!
@@TradingStrategyTesting Oh I'm just doing what you and every one else is doing except that I rarely use stop loss, only when I hang on to the trade longer. My favorite indicator is MACD, but basically I just observe the market structure with my bare eyes and then make a decision.
Bruh you tripping! I got 1 to 2 and better scalping. Borderline intraday. 15 min time frame. Nah bro. I'll challenge you no stop loss. Any currency pair. It works for ranging and trending markets.
just don't, it's way too risky, you don't know when the market gonna goes side ways all of sudden and you put too many order, then when the trend goes sideways, your take profit is way too far and out of reach
It's important to have a solid understanding of market trends and risks before placing orders. Overextending yourself with too many orders can lead to taking unnecessary risks, especially if you haven't factored in potential market volatility. It's important to have a well-planned strategy to minimize risk and avoid unrealistic profit targets.
I don't understand how you get the profit value when you're not using a stop loss. The video is sped up and it's unclear how you add it to the testing spreadsheet. Can you let us know?
Lol really TST?! I thought you said ignore the TP too! You are literally and immediately reversing the position when the histogram changes colors and has no black crosses...your TP or SL can only be determined once the trade closes and you open the new position, starting the whole process over again. No TP and no SL
