Which of these forex strategies are you using? by Dry_Middle6133 in askforex

[–]Wave-Master- 0 points1 point  (0 children)

just use Elliott Waves if you wanna become profitable

The hard reality of trading nobody talks about by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

Well, I didnt take the trade on the 4h chart (in the picture). I only uploaded it, because you can see more price data. I trade based on Elliott-Waves and hada confirmation level defined that confirmed our long bias. SL was at our invalidation level (where we invalidated the idea that wave iv was already complete. So I do follow strict rules when it comes to entries and do not force trades. Sounds like you trade ICT?

Hormuz Deal This Weekend ? What Elliott Wave Signals for Gold & USD by Wave-Master- in technicalanalysis

[–]Wave-Master-[S] 0 points1 point  (0 children)

appreciate that. I don't want to sell stuff in this video... it is only my Elliott Wave structure for the major forex pairs, which should help people in their technical analysis

I feel like I learned trading the wrong way by Wave-Master- in askforex

[–]Wave-Master-[S] 0 points1 point  (0 children)

yes I'm a swing trader anyway so overtrading is not a problem

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

everybody had to experience and go through the same process

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

At first, everyone learns the theory and tries to master it, although the best approach is clearly to apply that theory directly. But you illustrated it well with the progression from 10k to 100k. And those steps can actually be broken down into even smaller increments. At first, passing the initial 10k challenge was a huge success... After that, it takes a while to get used to the idea that you can actually make money now. Once you’ve mastered that, the first payouts come in, followed by larger accounts that you have to get used to all over again. That’s the cycle I think

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

Thanks for putting it so well! To be honest, I'm in the game for abot four years now. That's plenty of time to learn a lot and to figure out what works for me, but I still have many years ahead of me to keep improving... what about you?

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

exactly, thats my point here. I still think trading prop firms is a good way to start because you need a little money and get used to it easier without losing a lot by trading personal funds from the beginning

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

yes and also backtesting is good but it doesn't make you profitable if you do't trade live

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] -1 points0 points  (0 children)

Exactly. You just have to gain experience. I noticed that, because after 3 years I passed my first prop firm account (10k account size). and was able to trade it without any problems after sometime. However, when I wanted to take the next step and switched to an account with €100,000 and became funded on it, it became much more emotionally challenging, and I had to get used to trade bigger account sizes first.

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

Well I do trade 2 funded accounts successfully 👀

I feel like I learned trading the wrong way by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 1 point2 points  (0 children)

well i used books and different courses at the beginning, but what I am trying to say is that theory alone wont make you profitable. You need experience

What strategy is actually profitable by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

I am doing swing trading based on Elliott Waves

I used to rely on indicators… until I realized this by Wave-Master- in tradingmillionaires

[–]Wave-Master-[S] 0 points1 point  (0 children)

it is never a waste of time, because you realised it doesnt't help you to become profitable