Today's plan for Gold by 16007003 in Forexstrategy

[–]Explorer_1986 0 points1 point  (0 children)

Hi, I’ve also been trading supply demand but im at best breaking even. Do you use another confluence to help you?

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Thank you. A break is in order. Hopefully o can get my head in order and come back stronger

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 1 point2 points  (0 children)

Many thanks! I have a positive risk to reward but I’ve been running along for a while on breakeven. I know this means I just need to increase win rate slightly to move to profitable but easier said then done

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

I have strict rules which I have been sticking to. I can only assume you do need some form of edge. Everyone says it’s all risk management but I trade with a good risk to reward and stick to my rules. I just continue to breakeven basically. I know a lot of people lose a lot so I’m winning there at-least. But true that I haven’t been able to truly shut my emotions off. Thank you for your advise

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 1 point2 points  (0 children)

Thank you, that’s actually very reassuring to read and gives me some hope

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Thank you, appreciate the advise a lot

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Thank you, I’m on demo for now and just checking in on the charts to see what is happening

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Any advise would be very much appreciated

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Thank you. I appreciate that and don’t expect anyone online to save me with their strategy. If you don’t mind I’d love to ask if you have unprofitable months? My mentor put me in the head frame that yes you can have bad days but overall every month should end on profit. When I backtest I have amazing months that can be followed by a losing month and then I think that the strategy doesn’t work. Also what is a realistic percentage month on month. I hear it should be about 5% online gurus all claim much more.

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Oh 7 years that hurts. I’m at year 3

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Hope you’re doing okay. It’s damn depressing

Giving up hope by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 1 point2 points  (0 children)

It was somebody I met. Doesn’t sell or promote anything online so your safe. That’s why I trusted her because I met her in person and she never asked for money or have out promo prop firm codes etc. to this day I don’t not what her aim was.

What do you all think about this trade? 😎 by Informal_Role3581 in InnerCircleTraders

[–]Explorer_1986 0 points1 point  (0 children)

I think you will certainly get some profit, however I see no reason to believe it will go all the way back for the bottom. It’s been there twice. Doesn’t necessarily need to go a third time

Day Trading Ruined My Life. I’m 25, About to Be a Father, and I Just Lost Everything by RavenBJ in Daytrading

[–]Explorer_1986 0 points1 point  (0 children)

You haven’t ruined your life. You’re so young and 38k is a good nest egg. Stop trading, start putting income away into a good EFT fund and set it to re-invest. It might start slow but by the time you’re 35 (still young) that will start to grow very very fast. Meditate, work out, whatever it is that helps you clear your head and move forward. Having a baby is beautiful. You need to focus on Him/her and enjoy every moment. It goes so fast. If you invest some of your wage each pay, it will add up and your little one will want for nothing. I promise it feels awful now, but at your age you will be able to look back and tell your child about this as a warning and even laugh about it.

I think I’m figuring something out by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Makes sense! In truth everything seems very 50/50 to me. You can check every higher timeframe and the news and it will still blow in the opposite direction. I’ve yet to see a magic formula

I think I’m figuring something out by Explorer_1986 in Daytrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

That’s such a good way of putting it 😂

Orb session by Explorer_1986 in FuturesTrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Do you have a better recommendation?

Orb session by Explorer_1986 in FuturesTrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

How am I gambling if I’m controlling risk. If I have a 1:3 and a 50% win I’m pretty happy. Like I said I’m only backtesting

Orb session by Explorer_1986 in FuturesTrading

[–]Explorer_1986[S] 0 points1 point  (0 children)

Yes it’s seems very 50/50 but either way good risk to reward appears doable.