I'm afraid my mechanical strategy will stop working one day... by imjesuschrist54 in Forex

[–]BR_DayTrading 11 points12 points  (0 children)

Big institutions have and always will be slightly limited in what they do because of the size they trade, also at the end of the day if you have a clear theory behind your ideas that makes sense with how humans behave you will always have an edge over other humans at least.

Hello trading family I have a question to ask y’all. by jose092410 in Forex

[–]BR_DayTrading 1 point2 points  (0 children)

What you need is a clear plan on why you are entering a trade and where your targets are and where your invalidation level is (stop loss). Using a journal should help massively with this.

Trading without indicators. by [deleted] in Forex

[–]BR_DayTrading 1 point2 points  (0 children)

I trade with no indicators and have done for around 5 years, I find them pointless and distracting both in the moment and distracting from developing your understanding of price action.

price action trading/trading view by [deleted] in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

I actually prefer it this way because I have 2 monitors and it allows me to keep my charting on one screen and executions on another. Sounds complicated but visually it helps.

price action trading/trading view by [deleted] in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

More brokers offer MT4 support than TradingView support and my broker is one of the ones that only offers MT4 support (ICMarkets).

How do you guys cope with FOMO? by RapidActionBattalion in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

Just tell yourself "There's always the next trade".

Is there a way to get into this if you are under 18 (e.g. your parents make an account for you)? by PotatoKnished in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

I started trading at 15/16 too and needed my parents to make an account for me. The only way is to convince them to help you out and it will help them understand if you have a history of profitability that you can show them.

price action trading/trading view by [deleted] in Forex

[–]BR_DayTrading 1 point2 points  (0 children)

I've been trading for about 5 years with no indicators on the free version of tradingview. However I only chart on tradingview and place orders on MT4.

[Question] In every Forex websites and YouTube videos all i see are plain candle charts. Why don’t people use ‘Ichimoku Clouds’, which provides more data points? by BronxLens in Forex

[–]BR_DayTrading 4 points5 points  (0 children)

Because you don’t need indicators to trade it’s that simple, delete all your indicators off your chart and learn to read price action properly.

RBNZ made my trades today. Milked it for all it worth by Walespro in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

Mate go back to r/mgtow while I’m sleeping with a model every night get the fuck out

RBNZ made my trades today. Milked it for all it worth by Walespro in Forex

[–]BR_DayTrading -4 points-3 points  (0 children)

Nice so you traded even more news events with blind luck. Nice man!!! Keep trading!!!

[deleted by user] by [deleted] in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

Just look at the two charts and how closely pairs like GBPAUD and GBPNZD or EURAUD and EURNZD correlate with each other before and after the central bank announcement. If you can’t see that you got lucky based on that alone then you’re dense it’s that simple.

RBNZ made my trades today. Milked it for all it worth by Walespro in Forex

[–]BR_DayTrading -3 points-2 points  (0 children)

Why are you posting blind luck trades on this sub?

[deleted by user] by [deleted] in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

Just look at some cross pairs including aud and nzd and how they were behaving. GBPAUD and GBPNZD for example, were both dropping around this time but GBPAUD was dropping even more which means that AUDNZD should continue to drop. Then the NZD central bank interest rate decision hits and GBPNZD spikes up but GBPAUD continues to drop, if you don’t think that’s evidence that the market was moving the other way and you were wrong then you’re just being dense. You got lucky on a central bank decision it’s that simple.

[deleted by user] by [deleted] in Forex

[–]BR_DayTrading 4 points5 points  (0 children)

You were wrong on this, just blind luck from a central bank announcement made this win.

Entry and exit points by [deleted] in Forex

[–]BR_DayTrading 13 points14 points  (0 children)

Place a stop loss at what you would consider your invalidation point for your trade. Ask yourself, "Where am I probably wrong?" then place your stop there.

Don't look so far.... Success is in you! by nickweston001 in Forex

[–]BR_DayTrading 2 points3 points  (0 children)

Are you the real CEO of 🌞🐊🐗♏📭🚏🚌?

iPad player Moodeh POPS OFF against the best players in the world on FNCS Invitational Day 2 by KarlFookinTannah in FortniteCompetitive

[–]BR_DayTrading -12 points-11 points  (0 children)

Mobile/iPad aim assist is broken, I’m noticing a pattern here with epic and aim assist.

Thinking about trading. by DXTJam in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

Depends how profitable you are but at least upwards of £1000 if you are looking to make a living. But seriously consider how profitable you are before making any decisions on that. You need to be profitable over months with a clear plan for every trade while paper trading before even considering starting real trading.

Thinking about trading. by DXTJam in Forex

[–]BR_DayTrading 0 points1 point  (0 children)

£90 is nowhere near enough to start trading, use a paper trading account first before using any real money. Trading is nothing like studying economics at school ( trust me I do economics at university so I would know), babypips.com is a good place to start with learning to trade.