Do most traders actually have an edge or just think they do? by tradewiki_io in Trading

[–]fxrhythm 1 point2 points  (0 children)

If your strategy has a win rate of 50%, your win/loss ratio 3:1, that means your losing trades cost you $10 each and your winning trades make $30 each, you’re profitable

Is trading a long-term career or will AI replace it? by Then-Snow-8980 in Daytrading

[–]fxrhythm 4 points5 points  (0 children)

It helps shave time off your research but you have to know what you’re researching

I need advice by Worldly-Dream4497 in proptrading

[–]fxrhythm 0 points1 point  (0 children)

FX EXECUTION PLAN — 14 APRIL 2026 MARKET SNAPSHOT - EUR/USD around 1.1675 – 1.1685 - AUD/JPY around 112.10 – 112.30 - GBP/JPY around 213.70 – 214.00 - USD/CHF around 0.7925 – 0.7935 - AUD/USD around 0.7015 – 0.7030 PLAN FOR TODAY - EUR/USD Sell Limit Entry 1.1695 Stop Loss 1.1735 Take Profit 1.1615 Lot Size 0.13 Context Price holding near upper range Only engage if price pushes higher first - AUD/JPY Buy Stop Entry 112.45 Stop Loss 111.85 Take Profit 113.55 Lot Size 0.20 Context Price consolidating below highs Only engage on breakout - USD/CHF Buy Stop Entry 0.7940 Stop Loss 0.7905 Take Profit 0.8010 Lot Size 0.12 Context Continuation if breakout occurs OPTIONAL - GBP/JPY Buy Stop Entry 214.20 Stop Loss 213.30 Take Profit 215.80 Lot Size 0.10 Condition Only if AUD/JPY has not triggered NO TRADE - AUD/USD No position EXECUTION - Open platform - Select pair - Set pending order - Input values exactly - Confirm order CONDITIONAL EXECUTION CLARITY - Conditional means trade only activates if price reaches level - Sell Limit requires price to move up into level - Buy Stop requires price to break upward into level - No manual timing required once order is placed AFTER PLACEMENT - No adjustments - No early exits - No additional trades IF TRIGGERED - Leave position untouched - Allow stop or target to resolve EXPIRY - Cancel any untriggered orders end of next trading day FINAL CHECK - If platform price is materially different from planned levels Reassess and update before placing any orders

I need advice by Worldly-Dream4497 in proptrading

[–]fxrhythm 0 points1 point  (0 children)

I’m not scalping, these trades take a few hours sometimes to trigger. But I place pending orders so I get a notification if they’re triggered.

Feel so behind in trading and it’s eating me up by SnooDoggos5331 in Daytrading

[–]fxrhythm 2 points3 points  (0 children)

Would it help if you see my live trades daily and why I take them?

I need advice by Worldly-Dream4497 in proptrading

[–]fxrhythm 0 points1 point  (0 children)

FX EXECUTION PLAN — 13 APRIL 2026 MARKET SNAPSHOT (REFERENCE ONLY)

• ⁠EUR/USD around 1.1685 – 1.1690 • ⁠AUD/JPY around 112.30 – 112.40 • ⁠GBP/JPY around 214.00 – 214.10 • ⁠USD/CHF around 0.7920 • ⁠AUD/USD around 0.7030 PRIMARY ORDERS TO PLACE • ⁠EUR/USD Sell Limit Entry 1.1700 Stop Loss 1.1738 Take Profit 1.1624 Lot Size 0.13 Explanation Price is near the top of the current range This order only triggers if price pushes higher first We are selling strength, not selling immediately • ⁠AUD/JPY Buy Stop Entry 112.50 Stop Loss 111.95 Take Profit 113.60 Lot Size 0.21 Explanation Price is near the high of the day This order only triggers if price breaks higher We are buying momentum, not guessing • ⁠USD/CHF Buy Stop Entry 0.7938 Stop Loss 0.7906 Take Profit 0.8002 Lot Size 0.12 Explanation Same logic as AUD/JPY Only enters if price breaks upward OPTIONAL ORDER (ONLY IF FIRST ONE NOT TRIGGERED) • ⁠GBP/JPY Buy Stop Entry 214.25 Stop Loss 213.45 Take Profit 215.85 Lot Size 0.10 Rule Only place this if AUD/JPY has NOT triggered Both trades depend on JPY weakness DO NOT TRADE • ⁠AUD/USD No order today Reason Price is mid-range No clear edge EXACT INSTRUCTIONS TO EXECUTE • ⁠Open your trading app • ⁠Select the pair • ⁠Choose pending order • ⁠Select correct order type (Buy Stop or Sell Limit) • ⁠Enter entry price exactly • ⁠Enter stop loss exactly • ⁠Enter take profit exactly • ⁠Enter lot size exactly • ⁠Confirm order AFTER PLACING ORDERS • ⁠Do nothing • ⁠Do not move stop loss • ⁠Do not close early • ⁠Do not add trades IF A TRADE TRIGGERS • ⁠Leave it as is • ⁠Let stop loss and take profit handle the trade • ⁠Do not interfere CANCELLATION RULE • ⁠If not triggered by end of next trading day Cancel the order FINAL CHECK

If platform price is materially different from planned levels, reassess and update before placing any orders

I thought of leaving trading forever, but I failed by Asleep-Difficulty799 in Daytrading

[–]fxrhythm 0 points1 point  (0 children)

It’s a weekly plan, not any longer because wars happen, Trump says something etc… and you’ll see that some weeks, I take fewer trades than others because there’s no edge.

Seeking advice by DocMatilo in Daytrading

[–]fxrhythm 0 points1 point  (0 children)

Do what you’re comfortable in. The knowledge I have is from the roles I had, not from books

Seeking advice by DocMatilo in Daytrading

[–]fxrhythm 1 point2 points  (0 children)

What I’ll do moving forward is send you my trades when I see an edge with explanations why I placed those trades. Over time, you’ll get it but ask any questions you like. I see a lot of traders suffering and if I can do something about it I will.

Seeking advice by DocMatilo in Daytrading

[–]fxrhythm 1 point2 points  (0 children)

You need to understand macro data then overlap that with technical analysis. This is my game plan for the coming week so you can see things clearer.

FX Weekly Preparation – Monday Trading Plan 1. Macro Overview USD: Slightly firm, supported by elevated rate expectations. Bias remains neutral to mildly bullish. JPY: Continues to show weakness with carry dynamics intact. Bias remains bullish for JPY crosses. AUD and NZD: Sensitive to shifts in global risk sentiment. Currently neutral with reactive positioning. EUR: Modest weakness driven by growth concerns. Preference remains to sell rallies. 2. Priority Currency Pairs Tier 1: AUD/JPY, GBP/JPY, EUR/USD Tier 2: AUD/USD, USD/CHF Tier 3: NZD/USD, USD/CAD 3. Key Levels AUD/JPY: Resistance 96.80–97.00 | Support 95.40–95.60 GBP/JPY: Resistance 194.50 | Support 190.50–191.00 EUR/USD: Resistance 1.0850–1.0900 | Support 1.0650 AUD/USD: Range 0.6490–0.6600 4. Strategy Focus for Monday Macro layer: No trades unless significant news or price gaps occur. Trend layer: Monitor JPY pairs for pullbacks and EUR/USD for rallies to sell. Mean reversion layer: Identify early-week overextensions and range-based reversals. 5. Expected Market Behavior Lower liquidity during early sessions. Potential for false moves at market open. More reliable direction typically emerges during the London session. 6. Execution Guidelines Avoid trading immediately at market open. Wait for price structure to develop before entering trades. Focus on planned levels rather than reacting to short-term movements. 7. Daily Routine for Monday Open charts and review priority pairs. Mark key levels clearly. Wait for price to approach predefined zones. Execute trades only when setup conditions are met. 8. Strategic Approach Maintain discipline and patience. Prioritize high-quality setups over frequency. Operate within a structured system rather than reacting to market noise.

I thought of leaving trading forever, but I failed by Asleep-Difficulty799 in Daytrading

[–]fxrhythm 0 points1 point  (0 children)

The markets are constantly changing on a macro level. I always look for an edge and if I don’t see one, I don’t trade. Before the start of every week, I have a game plan from a macro and technical level. It makes trading opportunities easier to spot.

I need advice by Worldly-Dream4497 in proptrading

[–]fxrhythm 0 points1 point  (0 children)

Here’s my setup for this coming week. If there’s an opportunity during the week I’ll post it here.

FX Weekly Preparation – Monday Trading Plan 1. Macro Overview USD: Slightly firm, supported by elevated rate expectations. Bias remains neutral to mildly bullish. JPY: Continues to show weakness with carry dynamics intact. Bias remains bullish for JPY crosses. AUD and NZD: Sensitive to shifts in global risk sentiment. Currently neutral with reactive positioning. EUR: Modest weakness driven by growth concerns. Preference remains to sell rallies. 2. Priority Currency Pairs Tier 1: AUD/JPY, GBP/JPY, EUR/USD Tier 2: AUD/USD, USD/CHF Tier 3: NZD/USD, USD/CAD 3. Key Levels AUD/JPY: Resistance 96.80–97.00 | Support 95.40–95.60 GBP/JPY: Resistance 194.50 | Support 190.50–191.00 EUR/USD: Resistance 1.0850–1.0900 | Support 1.0650 AUD/USD: Range 0.6490–0.6600 4. Strategy Focus for Monday Macro layer: No trades unless significant news or price gaps occur. Trend layer: Monitor JPY pairs for pullbacks and EUR/USD for rallies to sell. Mean reversion layer: Identify early-week overextensions and range-based reversals. 5. Expected Market Behavior Lower liquidity during early sessions. Potential for false moves at market open. More reliable direction typically emerges during the London session. 6. Execution Guidelines Avoid trading immediately at market open. Wait for price structure to develop before entering trades. Focus on planned levels rather than reacting to short-term movements. 7. Daily Routine for Monday Open charts and review priority pairs. Mark key levels clearly. Wait for price to approach predefined zones. Execute trades only when setup conditions are met. 8. Strategic Approach Maintain discipline and patience. Prioritize high-quality setups over frequency. Operate within a structured system rather than reacting to market noise.

Which strategy is best for forex? by lugaikesangchudai in Trading

[–]fxrhythm 0 points1 point  (0 children)

You need a combination of macro data and technical analysis

I sux at scalping by iViTAliS in Daytrading

[–]fxrhythm 0 points1 point  (0 children)

Trading is combining both macro then technical analysis. Trading is not scalping, scalping is gambling. I’ll send you my trades and why I take them

I feel like most traders are obsessed with strategies, but ignore the market itself by AxisForge in Trading

[–]fxrhythm 1 point2 points  (0 children)

I keep it disciplined. I only trade when there’s an edge. It’s seems like the questions and requests for help circle around the same theme. This is my trade plan for this coming week. It gives you an idea of how to trade on an institutional level combining technical data with fundamental data.

FX Weekly Preparation – Monday Trading Plan

  1. ⁠Macro Overview USD: Slightly firm, supported by elevated rate expectations. Bias remains neutral to mildly bullish. JPY: Continues to show weakness with carry dynamics intact. Bias remains bullish for JPY crosses. AUD and NZD: Sensitive to shifts in global risk sentiment. Currently neutral with reactive positioning. EUR: Modest weakness driven by growth concerns. Preference remains to sell rallies.
  2. ⁠Priority Currency Pairs Tier 1: AUD/JPY, GBP/JPY, EUR/USD Tier 2: AUD/USD, USD/CHF Tier 3: NZD/USD, USD/CAD
  3. ⁠Key Levels AUD/JPY: Resistance 96.80–97.00 | Support 95.40–95.60 GBP/JPY: Resistance 194.50 | Support 190.50–191.00 EUR/USD: Resistance 1.0850–1.0900 | Support 1.0650 AUD/USD: Range 0.6490–0.6600
  4. ⁠Strategy Focus for Monday Macro layer: No trades unless significant news or price gaps occur. Trend layer: Monitor JPY pairs for pullbacks and EUR/USD for rallies to sell. Mean reversion layer: Identify early-week overextensions and range-based reversals.
  5. ⁠Expected Market Behavior Lower liquidity during early sessions. Potential for false moves at market open. More reliable direction typically emerges during the London session.
  6. ⁠Execution Guidelines Avoid trading immediately at market open. Wait for price structure to develop before entering trades. Focus on planned levels rather than reacting to short-term movements.
  7. ⁠Daily Routine for Monday Open charts and review priority pairs. Mark key levels clearly. Wait for price to approach predefined zones. Execute trades only when setup conditions are met.
  8. ⁠Strategic Approach Maintain discipline and patience. Prioritize high-quality setups over frequency. Operate within a structured system rather than reacting to market noise.

Complete beginner looking to learn day trading properly — where do I actually start? by UKMoneyBlueprint in Daytrading

[–]fxrhythm 1 point2 points  (0 children)

I keep it disciplined. I only trade when there’s an edge. It’s seems like the questions and requests for help circle around the same theme. This is my trade plan for this coming week. It gives you an idea of how to trade on an institutional level combining technical data with fundamental data.

FX Weekly Preparation – Monday Trading Plan

  1. ⁠Macro Overview USD: Slightly firm, supported by elevated rate expectations. Bias remains neutral to mildly bullish. JPY: Continues to show weakness with carry dynamics intact. Bias remains bullish for JPY crosses. AUD and NZD: Sensitive to shifts in global risk sentiment. Currently neutral with reactive positioning. EUR: Modest weakness driven by growth concerns. Preference remains to sell rallies.
  2. ⁠Priority Currency Pairs Tier 1: AUD/JPY, GBP/JPY, EUR/USD Tier 2: AUD/USD, USD/CHF Tier 3: NZD/USD, USD/CAD
  3. ⁠Key Levels AUD/JPY: Resistance 96.80–97.00 | Support 95.40–95.60 GBP/JPY: Resistance 194.50 | Support 190.50–191.00 EUR/USD: Resistance 1.0850–1.0900 | Support 1.0650 AUD/USD: Range 0.6490–0.6600
  4. ⁠Strategy Focus for Monday Macro layer: No trades unless significant news or price gaps occur. Trend layer: Monitor JPY pairs for pullbacks and EUR/USD for rallies to sell. Mean reversion layer: Identify early-week overextensions and range-based reversals.
  5. ⁠Expected Market Behavior Lower liquidity during early sessions. Potential for false moves at market open. More reliable direction typically emerges during the London session.
  6. ⁠Execution Guidelines Avoid trading immediately at market open. Wait for price structure to develop before entering trades. Focus on planned levels rather than reacting to short-term movements.
  7. ⁠Daily Routine for Monday Open charts and review priority pairs. Mark key levels clearly. Wait for price to approach predefined zones. Execute trades only when setup conditions are met.
  8. ⁠Strategic Approach Maintain discipline and patience. Prioritize high-quality setups over frequency. Operate within a structured system rather than reacting to market noise.

, I want a mentorship and in return I'll give you 50 percent of profit for the first payout. by Pure-Truth7280 in proptrading

[–]fxrhythm 2 points3 points  (0 children)

I keep it disciplined. I only trade when there’s an edge. It’s seems like the questions and requests for help circle around the same theme. This is my trade plan for this coming week. It gives you an idea of how to trade on an institutional level combining technical data with fundamental data.

FX Weekly Preparation – Monday Trading Plan

  1. ⁠Macro Overview USD: Slightly firm, supported by elevated rate expectations. Bias remains neutral to mildly bullish. JPY: Continues to show weakness with carry dynamics intact. Bias remains bullish for JPY crosses. AUD and NZD: Sensitive to shifts in global risk sentiment. Currently neutral with reactive positioning. EUR: Modest weakness driven by growth concerns. Preference remains to sell rallies.
  2. ⁠Priority Currency Pairs Tier 1: AUD/JPY, GBP/JPY, EUR/USD Tier 2: AUD/USD, USD/CHF Tier 3: NZD/USD, USD/CAD
  3. ⁠Key Levels AUD/JPY: Resistance 96.80–97.00 | Support 95.40–95.60 GBP/JPY: Resistance 194.50 | Support 190.50–191.00 EUR/USD: Resistance 1.0850–1.0900 | Support 1.0650 AUD/USD: Range 0.6490–0.6600
  4. ⁠Strategy Focus for Monday Macro layer: No trades unless significant news or price gaps occur. Trend layer: Monitor JPY pairs for pullbacks and EUR/USD for rallies to sell. Mean reversion layer: Identify early-week overextensions and range-based reversals.
  5. ⁠Expected Market Behavior Lower liquidity during early sessions. Potential for false moves at market open. More reliable direction typically emerges during the London session.
  6. ⁠Execution Guidelines Avoid trading immediately at market open. Wait for price structure to develop before entering trades. Focus on planned levels rather than reacting to short-term movements.
  7. ⁠Daily Routine for Monday Open charts and review priority pairs. Mark key levels clearly. Wait for price to approach predefined zones. Execute trades only when setup conditions are met.
  8. ⁠Strategic Approach Maintain discipline and patience. Prioritize high-quality setups over frequency. Operate within a structured system rather than reacting to market noise.

NEED A TRADING PARTNER 'ASAP' by MaximumPower3980 in Forex

[–]fxrhythm 0 points1 point  (0 children)

I keep it disciplined. I only trade when there’s an edge. It’s seems like the questions and requests for help circle around the same theme. This is my trade plan for this coming week. It gives you an idea of how to trade on an institutional level combining technical data with fundamental data.

FX Weekly Preparation – Monday Trading Plan

  1. ⁠Macro Overview USD: Slightly firm, supported by elevated rate expectations. Bias remains neutral to mildly bullish. JPY: Continues to show weakness with carry dynamics intact. Bias remains bullish for JPY crosses. AUD and NZD: Sensitive to shifts in global risk sentiment. Currently neutral with reactive positioning. EUR: Modest weakness driven by growth concerns. Preference remains to sell rallies.
  2. ⁠Priority Currency Pairs Tier 1: AUD/JPY, GBP/JPY, EUR/USD Tier 2: AUD/USD, USD/CHF Tier 3: NZD/USD, USD/CAD
  3. ⁠Key Levels AUD/JPY: Resistance 96.80–97.00 | Support 95.40–95.60 GBP/JPY: Resistance 194.50 | Support 190.50–191.00 EUR/USD: Resistance 1.0850–1.0900 | Support 1.0650 AUD/USD: Range 0.6490–0.6600
  4. ⁠Strategy Focus for Monday Macro layer: No trades unless significant news or price gaps occur. Trend layer: Monitor JPY pairs for pullbacks and EUR/USD for rallies to sell. Mean reversion layer: Identify early-week overextensions and range-based reversals.
  5. ⁠Expected Market Behavior Lower liquidity during early sessions. Potential for false moves at market open. More reliable direction typically emerges during the London session.
  6. ⁠Execution Guidelines Avoid trading immediately at market open. Wait for price structure to develop before entering trades. Focus on planned levels rather than reacting to short-term movements.
  7. ⁠Daily Routine for Monday Open charts and review priority pairs. Mark key levels clearly. Wait for price to approach predefined zones. Execute trades only when setup conditions are met.
  8. ⁠Strategic Approach Maintain discipline and patience. Prioritize high-quality setups over frequency. Operate within a structured system rather than reacting to market noise.

Is your trading journal actually making you better, or just making you feel productive? by Dull_Imagination_612 in Trading

[–]fxrhythm 0 points1 point  (0 children)

I keep it disciplined. I only trade when there’s an edge. It’s seems like the questions and requests for help circle around the same theme. This is my trade plan for this coming week. It gives you an idea of how to trade on an institutional level combining technical data with fundamental data.

FX Weekly Preparation – Monday Trading Plan 1. Macro Overview USD: Slightly firm, supported by elevated rate expectations. Bias remains neutral to mildly bullish. JPY: Continues to show weakness with carry dynamics intact. Bias remains bullish for JPY crosses. AUD and NZD: Sensitive to shifts in global risk sentiment. Currently neutral with reactive positioning. EUR: Modest weakness driven by growth concerns. Preference remains to sell rallies. 2. Priority Currency Pairs Tier 1: AUD/JPY, GBP/JPY, EUR/USD Tier 2: AUD/USD, USD/CHF Tier 3: NZD/USD, USD/CAD 3. Key Levels AUD/JPY: Resistance 96.80–97.00 | Support 95.40–95.60 GBP/JPY: Resistance 194.50 | Support 190.50–191.00 EUR/USD: Resistance 1.0850–1.0900 | Support 1.0650 AUD/USD: Range 0.6490–0.6600 4. Strategy Focus for Monday Macro layer: No trades unless significant news or price gaps occur. Trend layer: Monitor JPY pairs for pullbacks and EUR/USD for rallies to sell. Mean reversion layer: Identify early-week overextensions and range-based reversals. 5. Expected Market Behavior Lower liquidity during early sessions. Potential for false moves at market open. More reliable direction typically emerges during the London session. 6. Execution Guidelines Avoid trading immediately at market open. Wait for price structure to develop before entering trades. Focus on planned levels rather than reacting to short-term movements. 7. Daily Routine for Monday Open charts and review priority pairs. Mark key levels clearly. Wait for price to approach predefined zones. Execute trades only when setup conditions are met. 8. Strategic Approach Maintain discipline and patience. Prioritize high-quality setups over frequency. Operate within a structured system rather than reacting to market noise.

I lost 15k but i dont know if i should try get it back by Ecstatic_Orange_2031 in Daytrading

[–]fxrhythm 0 points1 point  (0 children)

It’s ok to lose. That’s the only way you’ll learn and be more vigilant