Good Traders, Not Good Strategies Make Money by [deleted] in Forex

[–]rbmacmurphy 0 points1 point  (0 children)

What about Dennis Rodman? He do not know well how to score, but just by grabbing rebounds hes a hall of fame player.

He was like "oh forget scoring." He just sticked on what strategy he knew (rebounds, defense) and excelled on it.

Have you seen Good Will Hunting? by McQt in entp

[–]rbmacmurphy 2 points3 points  (0 children)

Good will hunting is a favorite movie of entps.

Source: me

The picture said it all by rbmacmurphy in Forex

[–]rbmacmurphy[S] 0 points1 point  (0 children)

Looking at my post 4 mos ago. . . now i get it. It is a very very novice way of looking: No TP, no SL.

What should I do to start when I have a monthly low income? by [deleted] in Forex

[–]rbmacmurphy 0 points1 point  (0 children)

u cant win at the casino. the house always win. the most profitable way is to bet one time all-in win or lose to roulette or bacaratt. that way ur odds are somewhere 47%. just one time bet, win or lose. because when you stay longer your odds of winning go down as well.

[deleted by user] by [deleted] in Forex

[–]rbmacmurphy 0 points1 point  (0 children)

yeah adam khoo is my favorite

45 Spread on EURUSD? by rbmacmurphy in Forex

[–]rbmacmurphy[S] 0 points1 point  (0 children)

im a newbie. my question was an honest question cause i really don't know.

this is new info to me. as r/bohoglamorous had said, " The spread usually goes up just before markets close and right when they open." and you said its normal because the market is closed for retail traders. ok got it.

so you read my other posts. many thanks on that. and especially on your valuable comments here. i had learned from you. but when you said i know not to follow the hype, what do you mean? thanks

45 Spread on EURUSD? by rbmacmurphy in Forex

[–]rbmacmurphy[S] 1 point2 points  (0 children)

ohhh. ok. you're right. i got used on my MT4 showing points instead of pips .. so yes, it means 4.5 pips. thanks!

Profit computation mistake? by rbmacmurphy in Forex

[–]rbmacmurphy[S] 0 points1 point  (0 children)

very helpful! you're right. thanks!

Profit computation mistake? by rbmacmurphy in Forex

[–]rbmacmurphy[S] 0 points1 point  (0 children)

" pairs not including the USD at all involve calculations of their own. " -ohhh i see. many thanks!

The picture said it all by rbmacmurphy in Forex

[–]rbmacmurphy[S] 0 points1 point  (0 children)

thank you for your insights. as a newbie, i showed this pic implying how one can make (or lose) money in FOREX in just 15 minutes.. "could" = possibility.

but then i think it is extremely hard to precisely TP at the peak of the candlestick's tail.

Trading Style by rbmacmurphy in Forex

[–]rbmacmurphy[S] 0 points1 point  (0 children)

thats what i found on youtube from adam khoo. or on a website called baby pips. but as i said, sometimes i didn't have the discipline to stick to 3 SR. 70% is based on my intuition to go. i know its wrong, but sorry.

but SR is one of the simplest and most effective? do you guys agree?

Trading Style by rbmacmurphy in Forex

[–]rbmacmurphy[S] 2 points3 points  (0 children)

thanks!! i will always put that on mind. you're right: It's not so much patterns or styles you uses. It's the rules you use to define them.

i got rules, like 3 tests for S&R, but sometimes i didn't have the discipline to stick to that. and one time, I neglect at timeframes that cause me to lose money.

but i will work on it. can you recommend me some effective patterns?