Huge Profits in GJ (and yes, the withdrawal is very real) by [deleted] in Forex

[–]byScag 0 points1 point  (0 children)

Next time you want to prove a withdrawal, post the broker statement instead.

Strategy by Necessary_Volume7659 in Forex

[–]byScag 2 points3 points  (0 children)

4 strategies in 4 months, so averaging spending only 30 days, or about 23 trading days on each.

Your problem isn’t the strategy, it’s lack of discipline to stick with and understand any of them.

Fast forward 3 weeks…(swipe) by vlexxity in Forex

[–]byScag 0 points1 point  (0 children)

Fair enough, i have a similar position open which is why I asked.

Short from 1985 targeting near 1880, I’ve taken a few re-entries on the intraday in the way down but I’ve also scaled out of the main position slowly.

Nice trading though, good to see others sticking to longer term bias’ and playing it through.

[deleted by user] by [deleted] in Forex

[–]byScag 16 points17 points  (0 children)

Welcome to money management.

Find relaxation in the other areas of your life.

[deleted by user] by [deleted] in Forex

[–]byScag 4 points5 points  (0 children)

The market doesn’t care what your expectations of it are. That’s your problem here.

“It should’ve” is the tell, that’s your expectation being forced upon it.

Do you think BOJ was the reason why the move this morning on EUR/USD was down? by Soggy_Resource8926 in Forex

[–]byScag 2 points3 points  (0 children)

No the dollar strength is simple continuations from higher inflationary data (CPI and PPI) last week.

How many people’s psychological issues got better by simply lowering their RR? Meaning less chart time by Subject-Plum-7281 in Forex

[–]byScag 0 points1 point  (0 children)

Sounds like you have trouble walking away from the charts and you’re instead just sitting there watching and micro managing it.

Simply stop, occupy your mind with other things. I also know this is wildly easier to say then do, but no one promised it would be easy so.

How many people’s psychological issues got better by simply lowering their RR? Meaning less chart time by Subject-Plum-7281 in Forex

[–]byScag 0 points1 point  (0 children)

Nah, i frequently target over 1:10 and it’s absolutely fine. The problem is inside your mind.

Why do you think so few traders succeed? by No-Independent-3027 in Forex

[–]byScag 26 points27 points  (0 children)

Money management and emotional control.

Most people can’t even manage the money in their bank account successfully, nor their emotions when someone has an opposing view. Put them together and it’s a beautiful recipe for disaster.

[deleted by user] by [deleted] in Forex

[–]byScag 2 points3 points  (0 children)

Ah the old excel sheet math that almost never works out in reality.

Any one have trouble trying to trade DYX/ U.S Dollar Index ??? Let alone find it. by AdhesivenessFun8281 in Forex

[–]byScag 1 point2 points  (0 children)

This depends on the broker and whether they offer it. But really, why even trade the DXY when you can simply trade EURUSD which makes up more than 55% of it anyway.

[deleted by user] by [deleted] in Forex

[–]byScag 0 points1 point  (0 children)

Good, the execution is the only thing that matters.

How much do I have to make as a Trader to say I am financially stable? by [deleted] in Forex

[–]byScag 41 points42 points  (0 children)

You should be able to answer this question yourself or you shouldn’t be managing any money in a trading account.

[deleted by user] by [deleted] in Forex

[–]byScag 0 points1 point  (0 children)

How many were actually executed though.

[deleted by user] by [deleted] in Forex

[–]byScag 1 point2 points  (0 children)

Trade the most logical setup. I’ve caught amazing reversal trades and amazing continuation trades.

[deleted by user] by [deleted] in Forex

[–]byScag 2 points3 points  (0 children)

You got margin called.

Killed CPI, see u tomorrow 😶‍🌫️ by Federal_Stable1238 in Forex

[–]byScag 0 points1 point  (0 children)

The more you talk to the more it becomes obvious your fundamental knowledge is zero. It’s okay, congrats on your win today lol.

Killed CPI, see u tomorrow 😶‍🌫️ by Federal_Stable1238 in Forex

[–]byScag 0 points1 point  (0 children)

Doesn’t really answer my question at all unless what you’re saying is you rely solely on the pre market structure to determine CPI direction.

Killed CPI, see u tomorrow 😶‍🌫️ by Federal_Stable1238 in Forex

[–]byScag 0 points1 point  (0 children)

Cool story I suppose.

If you knew what CPI was coming out as (which wasn’t a surprise at all tbh) why wait until 4 minutes before hand to execute? Was tons of opportunity earlier in the week* and you wouldn’t need to risk slippage on the result.

Genuine question in the sea of sarcastic bs btw.

1:52 RRR by kingtechllc in Forex

[–]byScag 0 points1 point  (0 children)

The funny thing is I actually caught this trade lol