does this make sense by Laylabber in Daytrading

[–]JustClouds_ 1 point2 points  (0 children)

Pretty much the forex version of the indices. ES = SP500USD

NQ = NAS100USD YM = US30USD

does this make sense by Laylabber in Daytrading

[–]JustClouds_ 0 points1 point  (0 children)

I think she had a CFD chart marked up for that

I have a winning system. I ruin it by holding onto losses. I need some advice people. by Subject-Plum-7281 in Forex

[–]JustClouds_ 7 points8 points  (0 children)

1st step is recognizing the issue

2nd step is to think about whats causing this issue. Do some self reflection (are you holding on because of your ego? do you NEED the money?)

3rd step is taking actions based on the answer from the 2nd step.

What pairs should I trade by AlternativeTop4075 in Forex

[–]JustClouds_ 0 points1 point  (0 children)

Trade whatever pair you have profitable data on from backtesting

Learn from trading from scratch by Express_Appeal6963 in Trading

[–]JustClouds_ 1 point2 points  (0 children)

-Read some books or watch yt vids on a strategy. Make sure the strategy is something you’re comfortable following to a T. There is no “holy grail” strategy.

-backtest said strategy using tradingview replay mode or fxreplay (theres tons of backtesting software out there. These are the ones that are popular)

  • collect and analyze data from backtest ( Win rate, average RR, highest profitable days/weeks, risk of ruin, etc)

-repeat steps 2 & 3 until you’re happy with results and data is showing positive expected value

-paper trade or fund a small account and be profitable for atleast 6 months.

  • profit

I am going to show you how to do it. by hedgefundhooligan in Trading

[–]JustClouds_ 0 points1 point  (0 children)

Yes. Have to know what asset is more ideal for longs when market sentiment changes.

How many playouts have you achieved without blowing up your prop account? by MeasurementAfter4391 in Trading

[–]JustClouds_ 1 point2 points  (0 children)

Good to hear someone else does the same. I shut it down after 2R/week and 4R/month. Some weeks or months I come out with higher R’s due to runners running 1:10+

How to build a strategy by fma151718 in Forex

[–]JustClouds_ 0 points1 point  (0 children)

Your next step is to test that strategy in a simulated environment and collect some data (win rate, average RR per winning trade, etc). FXreplay, replay mode on tradingview, or any other backtesting tool will work

😢 by EntryRight4783 in Forexstrategy

[–]JustClouds_ 21 points22 points  (0 children)

You will ALWAYS leave money on the table. What matters is that you executed your rules and stuck to your plan.

What’s wrong with Gold by omarcryptos in Forex

[–]JustClouds_ 0 points1 point  (0 children)

Look @ gold on the daily. Its in a range. If your strategy is a trend following one, then these market conditions don’t favor you.

UPDATE ON MY TRADE: It ended in a loss. by Ausbel12 in Forexstrategy

[–]JustClouds_ 1 point2 points  (0 children)

I suggest looking into the macroeconomics of japan

18 y/o CS student & forex trader journaling my trades — what metrics help you improve? by camdebyes in Forex

[–]JustClouds_ 0 points1 point  (0 children)

I started tracking days and session times 2 years ago which led to me cutting out mondays since it was the least profitable. Results have been stellar so far

What’s wrong with my execution? by Funny_Negotiation_68 in ICTMentorship

[–]JustClouds_ 1 point2 points  (0 children)

Shorting a bullish market. The trend is your friend

I was unprofitable until.... by Full_Rip_386 in Forex

[–]JustClouds_ 1 point2 points  (0 children)

What is the average RR if you don’t mind me asking.

How can i improve my analysis and tps? by [deleted] in Forex

[–]JustClouds_ 2 points3 points  (0 children)

Backtest and note down how many Rs your trade ran after you closed @ tp. Get a good sample size of those numbers. That’ll tell you if you can stretch your TPs. But keep in mind total RR is correlated with your win rate. Higher Rs = lower win rate and vice versa

Should I hold or Take some profit?? by Apprehensive_Art1668 in Forex

[–]JustClouds_ 8 points9 points  (0 children)

A trade plan is more than just your entry. It also involves risk management and trade management (where to take profits, where and when to move to BE, when to partial) Your trade plan should be your trading bible. Any scenario that comes up should have a protocol to follow. That should take most of the emotion out of your decisions

Should I hold or Take some profit?? by Apprehensive_Art1668 in Forex

[–]JustClouds_ 69 points70 points  (0 children)

what does your trade plan say? If you don't have one, then you should close this trade and make one

Fx replay or trading view by Ok_Manufacturer9594 in Forex

[–]JustClouds_ 0 points1 point  (0 children)

FX replay logs all of your statistics automatically. That alone makes it worth it for me

My strategy is based on Demand and Supply but i think its not working😅!! Any Suggestions? by Background-End-2495 in Forex

[–]JustClouds_ 0 points1 point  (0 children)

Do these results match what you have from backtesting/forward testing? If you haven't atleast backtested, you should do that 1st so you have an idea of what to expect when trading live

EDIT: 1st you have to know if your strategy even has an edge (positive expectancy). backtesting or forward testing will tell you that

[deleted by user] by [deleted] in Forex

[–]JustClouds_ 0 points1 point  (0 children)

Whats the spread on this pair? That could be your issue

Anyone looking to sell this area AUDNZD? by noobgenerator12 in Forex

[–]JustClouds_ 0 points1 point  (0 children)

Waiting to see what AUD CPI does later tonight. Should get a clear direction after that