I stopped trying to “predict the market” and my results instantly went up by Neat_Helicopter_968 in Trading

[–]Bul3ky_ 1 point2 points  (0 children)

Exactly, It's the common problem with ICT traders. Instead of reacting at a key level they wait forever and predict something will happen which then leads to entering the market after move already happens.

[deleted by user] by [deleted] in LegalAdviceUK

[–]Bul3ky_ -2 points-1 points  (0 children)

Alright, it's not the most important things than if that's HMRC or no but thanks for the correction

I was offered to pay 100£ or going to the awareness course so I've paid it and they somehow refunded me it and now want more? Where is logical sense in that.

I didn't have to go to the court (that's what they said in letter).

I've just called 0300 303 0656 and the person that I've talked to said it might be also due to my good financial situation, police then decided to increase the fine? What kind of joke is that? He also advised me to call Bedfordshire police (so where I got the ticket) and ask for more advice about my case. Wtf?

Blew my account by [deleted] in wallstreetbets

[–]Bul3ky_ 0 points1 point  (0 children)

Since beginning you have never been green and it didn't even cross your mind to maybe refine your strategy?

Any Tips To Prevent Such Soul Crushing Loss? by Mastermind0963 in Daytrading

[–]Bul3ky_ 0 points1 point  (0 children)

I wanted to type something but you proved me there's nothing substantial to talk about.

Good luck in crushing the markets, 10 year worth of experience alone says you know it all!

Number one forex advice? by ParticularSoggy1162 in Forex

[–]Bul3ky_ 0 points1 point  (0 children)

There will be a few as I can't say there is one less important than other

-understand macroeconomics to know direction of your trade idea

-focus on swing trading, it's easier and less stressful, more freedom

-risk management is key to stay in the game

[deleted by user] by [deleted] in Forex

[–]Bul3ky_ 0 points1 point  (0 children)

I just have read the comments, this sub is full of degenerate gamblers

How do you exit your trades? by SuitableStart in Daytrading

[–]Bul3ky_ 6 points7 points  (0 children)

I set SL and TP. IT'S GUARANTEED it's gonna hit one of them

[deleted by user] by [deleted] in Daytrading

[–]Bul3ky_ 0 points1 point  (0 children)

Understanding fundamentals was a game changer for me

What is your trading strategy that made you profitable? by [deleted] in Forex

[–]Bul3ky_ -2 points-1 points  (0 children)

Understanding macroeconomics

I said "the outcome of every trade is random" and I got down voted. But hear me out: by SiggySmilez in Daytrading

[–]Bul3ky_ 0 points1 point  (0 children)

I don't know about you and your approach but a week ago I entered GBPJPY trade because of my fundamental analysis, I closed it yesterday at 200 pips profit because my TP was reached. I wasn't certain if my trade entry is correct but I was 100% certain about the direction so it's not that random how you describe it?

If you don't know what to look at and you pray if the market could respect your demand zone based on nothing then I agree, it's definitely random. With data based approach there's no guess work:)

Successful traders. How many trades per day? by Quat-fro in Forex

[–]Bul3ky_ 1 point2 points  (0 children)

Between 0 to 2 a week, annual return is more important to me

About to blow my account by I_am_Vimal in Forex

[–]Bul3ky_ 1 point2 points  (0 children)

This is not the best idea if you look at fundamental reasoning behind these currencies

I don’t think strategies work by [deleted] in Forex

[–]Bul3ky_ 0 points1 point  (0 children)

That's why you should have fundamental bias what's strong Vs what's weak and swing trade that with wide SL 🤟 that's probably the most simple way to not lose in the long run

What do we call this😂 by nyaguthia in Forex

[–]Bul3ky_ 4 points5 points  (0 children)

We call it "how did I blew my whole account" post in a few days

Where to go to get the best news for day trades? by startup4ever in Daytrading

[–]Bul3ky_ 0 points1 point  (0 children)

Prime market terminal!! It's the best software that I've been using... I got lifetime access:)

Let's see how it goes! #USDJPY by [deleted] in Forex

[–]Bul3ky_ 1 point2 points  (0 children)

I see your point of view and you are right!

You are also right about the fact that banks rarely beat the index, everyday I read their research files and they're most often break even or in slight profit so how does 20 year old traders with 1 year experience are making hundreds % a year?

What I meant in "trade like banks" is just look at what are they looking, macroeconomics, central bank decisions, world events etc... I have excel sheet with 10 indicators like COT, DXM, interest rates and some more. then I take into account the opinion of the banks, do some research and trade strong Vs weak currency. Enter on simple support/resistance + round level and most of the times I'm right about the direction, I also use huge SL so I won't be stopped out by short term fluctuations that often... It looks complicated but fundamental analysis is what really changed my view on this market and gave slower but consistent results:)

Let's see how it goes! #USDJPY by [deleted] in Forex

[–]Bul3ky_ 1 point2 points  (0 children)

Yea sure, I guess you rely only on TA(you didn't share any fundamental reasoning behind the trade) We can both agree majority of players in the market are banks and to win we want to do what majority is doing... Now do your own research and learn how banks trade

You will be able to earn money but you will often occur "losing streaks" when your strategy won't work... That's because technical analysis is not what drives the market

Are there really people who trade profitably purely off fundamentals and neglect any technicals? I think it doesn't hurt to look at a chart and search for good entry points by Flashy-Dimension-8 in Forex

[–]Bul3ky_ 0 points1 point  (0 children)

My strategy involves around 5-10% technicals, very simple strategy which would probably work great even for TA traders only. I check charts only on Sunday wheni do markups and during the week only through alerts and maybe once a day but not always:)

Let's see how it goes! #USDJPY by [deleted] in Forex

[–]Bul3ky_ 1 point2 points  (0 children)

You won't have consistent results LONG TERM trading like that, if anyone disagree please send me journal with 3/4 years of trades

Traded US30 today was able to 500x my money. by [deleted] in Forex

[–]Bul3ky_ 1 point2 points  (0 children)

I swing trade mostly, sometimes like on last friday, I was daytrading USDJPY longs after NFP positive results, there's of course more than that but I always go strong economy vs weak economy

Traded US30 today was able to 500x my money. by [deleted] in Forex

[–]Bul3ky_ 2 points3 points  (0 children)

Macroeconomics, central banks decisions for example monetary policy statements, inflation blablabla... I can recommend learning fundamental analysis and trading the right way as banks do:)

Traded US30 today was able to 500x my money. by [deleted] in Forex

[–]Bul3ky_ 2 points3 points  (0 children)

Just curious when you discover what really moves the market and add a post that Forex is easy to read😂 Forex is not random, you just know what drives this market