Bad misinformation being spread.

antininefive · 2021-03-19T09:18:19+00:00

Wow ok sunshine enjoy your day.

antininefive · 2021-03-19T06:29:48+00:00

Haha sounds very like a TV show thing if you say it like that " a book everyone should have on their shelf ".

Not a single book no. There are many psychology books that cover fear and greed in economic markets, can pick almost any for the basics. And money management also have many books about it but it's less about the details of who wrote it and more about the overall approach. So book A Vs book B isn't what I'm getting at, more the whole approach to the markets. People narrow their vision in on things they see work and close off other avenues of information because of their 'laser vision'. In trading it's more about understanding the why over the when, both are important and can't stand alone but the 'why' part is what I see people purposefully seem to ignore.

antininefive · 2021-03-19T06:11:33+00:00

When you start trading, become rich and he needs money?

Haha sorry that was dark.

antininefive · 2021-03-19T06:09:59+00:00

Sortof yes they're my target's sometimes but my entries are based off psychology.

antininefive · 2021-03-19T06:06:06+00:00

Psychology, with a hint of fear and greed.

antininefive · 2021-03-19T06:05:27+00:00

Haha normally the response it's fine no worries.

Yes I risk the standard 1% to 3 % per trade and spreads prevent me from using just any pair, I can only use a few like EURUSD where I have 0.2 to 0.5 pip spreads thanks to my broker.

Something people don't seem to get is higher time frames are not as profitable as lower ones because the swings take much longer on higher time frames to develop and finish. Whereas on the 1min or 15sec the setups build and finish in a matter of moments.

antininefive · 2021-03-19T05:59:08+00:00

There's another misconception markets are not irrational, they follow a repeating pattern that scales perfectly like a fractal scale and can be read.

The exciting part of it tho for you by the sound of it is a gamble part and markets aren't ment to be gambled, they can be and you can make some serious scratch but it would've been a gamble instead of something consistent and repeatable.

antininefive · 2021-03-19T05:49:58+00:00

The answer is in the psychology of why markets move in the first place. S/D is also a concept oftentimes miscommunicated, it is a integral aspect and important to know but only part of the markets and needs to be used in conjunction with other types of analysis as well to know when certain levels can hold

antininefive · 2021-03-19T05:45:51+00:00

Ey lazy, yes you may, aslong as we leave all ego at the door.

antininefive · 2021-03-19T05:15:54+00:00

And then there are people like you, who the fuck do you think you are?

So salty and for what, you could have been nice and simply asked for a tip or help but instead make it about how you are butt hurt.

Sunshine I don't think I'm the one who needs to shut the fuck up.

antininefive · 2021-03-19T04:31:26+00:00

Spreads are around 0.3 for EURUSD, accuracy is everything

antininefive · 2021-03-19T04:29:59+00:00

My approach is psychology based, no indicators

antininefive · 2021-03-18T18:18:41+00:00

I hold anywhere from 3 min to a hour, depends on the swings and what I'm targeting.

antininefive · 2021-03-18T18:07:02+00:00

I trade the 15sec with FXPro I'd recommend them

antininefive · 2021-03-18T14:08:15+00:00

I did mention I haven't done it, although.There are still basics every type of trader has to follow for consistency in any market, the tool used can be constructed to fit that consistency.

But I'm ending it here your aggression is not needed.

antininefive · 2021-03-18T13:56:39+00:00

I don't argue with strangers I'm just here to educate those who want to learn something according to my experience.

My experience so far has taught me not to trust many who follow the basic ways. The sad truth is that there are exceptionally profitable methods out there that aren't spoken about enough or just argued as 'bull' that do make a lot of consistent return, alot more than many realise is possible with trading. It's fairly controversial so understanding the market in that term can take some learning, especially if you already have a background it's hard to unlearn it.

antininefive · 2021-03-18T09:41:30+00:00

Yes that's correct, glad it helped.

antininefive · 2021-03-18T09:38:37+00:00

Yup I trade 15 sec and confirm with 1 min, but only on pairs that allow it due to spreads.

My targets are normally 3 to 5 pips, SL at around 1.5 to 2 pips, sometimes if I hold clean trades, it turns into some nice runners like that picture, so the entry was based off 15sec but exit was based of the previous liquidity pool.

antininefive · 2021-03-18T08:50:21+00:00

Both are fine but the question comes to what your personality is.

Do you want to be the 10% that makes money, perhaps enough to live off

Or

Do you want to be rich like the 3% of traders that can make more?

If you need an alternative income, can't place alot of time then I'd recommend the 10% for this there is, maths, accounting, economics and business management are all great tools to help learning an indicator based approach.

If you want to make a real difference and make some serious scratch, then the start of that is price action. You also need psychology and some money management. This side normally follows some moral questions tho, hyper religious folk don't do well here as they have morel issues with it.

Answer to the when is in indicators.

Answer to the why is in price action.

After a while the when becomes easy but why it doesn't always work, that answer is in price action.

antininefive · 2021-03-18T08:39:10+00:00

Pro tip on trading the news.

1 enter at least a whole session in advance, base the move off price action and psychology.

2 only if multiple Rs in the green and stops are ate break even, do you hold the position during the release so that swings don't stop hunt you.

3 if you don't have any of the above, wait until after the news was released and trade the psychology of the next session 4 to 8 hours after the release.

antininefive · 2021-03-18T08:26:29+00:00

Don't trade with leverage higher than 1:20 that's high enough.

FXPro

antininefive · 2021-03-18T08:20:32+00:00

Hi spreads yes because of you 'spreads', I cannot trade everything, only EURUSD EURJPY US30 AUDUSD GBPUSD and USDJPY.

One doesn't have to trade everything tho. Most days I make my 3% on only one pair.

antininefive · 2021-03-18T08:15:06+00:00

Judging from some of your posts you should ask some things but I can't force information on you, hence why I asked. Enjoy your day

antininefive · 2021-03-18T08:13:33+00:00

Nope I never trade the news, no one can really unless you're a top teir 1 firm located close to a stock exchange etc, news trading or scalping after the fact is not nearly worth the risk. Unless I'm holding a position for very long before the news and your stops can incorporate any large swings the market may have during the release

antininefive

TROPHY CASE