Questions for real pros: How to trade with reference points only? 119 replies
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DislikedHey Alex I just wanted to say thank you very much for this thread, I've been studying Forex for a while now and nothing has made as much sense as this (I'm also studying Volume stuff to go with this supply + demand stuff) Anyone that's serious about trading really should stick with this stuff as it's a real gold mine! Result since last March (Since I started implementing this stuff into my trading) {image}Ignored
Disliked"Price action trading - Trade like the pros!" - that is greatest mystification! Give me the "order book", give me the possibility of moving price where I need - and then and only then I will trade "like the pros". Price action and other stuffs are for loosers, which money always are eaten by "pro". I'm so sorry for I've destroyed your dream to "trade like a pro"...Ignored
Disliked"Price action trading - Trade like the pros!" - that is greatest mystification! Give me the "order book", give me the possibility of moving price where I need - and then and only then I will trade "like the pros". Price action and other stuffs are for loosers, which money always are eaten by "pro". I'm so sorry for I've destroyed your dream to "trade like a pro"...Ignored
Disliked"Price action trading - Trade like the pros!" - that is greatest mystification! Give me the "order book", give me the possibility of moving price where I need - and then and only then I will trade "like the pros". Price action and other stuffs are for loosers, which money always are eaten by "pro". I'm so sorry for I've destroyed your dream to "trade like a pro"...Ignored
DislikedJust a few conclusions I've reached in my day... Let's see if you people agree or disagree {image}Ignored
Disliked{quote} strongly agree man. The bit about letting winners turn into losers and managing equity strongly resonates with me. I can boldly say that is the only thing i am currently struggling with at the moment. I watch trades that have gone into "unclaimed" compounded profits of about 500pips turn around and return the profits to the market just because i was too greedy to close the trade at a certain resistance or support level, in hopes that price would break that level and continue in profits. This one problem has caused me so much in profits.....Ignored
Disliked{quote} I feel your pain, I used to constantly let winners slip into loser territory, but then I started doing the exact opposite. I started cutting winners short and watching them run for dozens and sometimes hundreds of pips. For me, I think, this issue gets resolved with practice. If you spend enough time observing charts and trends, you'll eventually start getting that inner gut feel harbinger of a dying trend or potentially missed profits. Then again, it depends very much so on what type of trading you're doing. If you're intraday and wish...Ignored
Disliked{quote} Sounds like a good summary of "Trading in the zone - Mark Douglas "Ignored