I enjoyed the chit chat and did not interfere because I could not come up with any strong suggestion which could influence your thoughts.... I let it pass, but strangely enough, as soon as I let it pass, something came up....... Yes, there is a systematic way to forex pairs selection and there is also a systematic way to know when market is consolidating and also the direction in which it most likely will break out...... It demands committed learning, patience, and having faith against faith in your analytical skills..... The method originally comes from stock trading and the two people I learned it from both traded stocks but the method is equally applicable to forex as well..... There are two Indian mentors, Sher Khan and Surjeet kakkar who specialize in this method.... I won't get into a lot of details.... You may look them up on youtube.... I may upload their courses for you sometimes if their method appeals to you.... Anyway, just to cut the matter short, if you can analyze the Support/Resistance, Supply/Demand, Order Blocks zones with just a little learning, soon you will be proficient enough to do it on your own.... Then trust your judgment and they will definitely tell you the whole story of the market..... I won't write much, I will give you a few chart examples.... I believe you will get the idea...... I wish I could write long on the subject and give you dozens of examples, but it will only make things blurred....... keep me updated about how you see it.....Knight wrote: Fri May 06, 2022 5:29 pm I totally understand you. I trade only pullbacks using my own template I built with concepts from Meyney, Xard and RplusT, as their trading styles resonate strongly with me. I find pullbacks to be the safest and most consistent trading pattern.
I am trying to become consistently profitable enough to apply and get into prop firms like ftmo and myforexfunds. I attended alot of SMB Capital webinars and read their books, SMB capital is one of the best and consistently profitable prop firms in the world. And a leading mantra of theirs is; "you're only as good as the stocks you trade". They only trade "stocks in play". Their A+ setup is also trend continuations and pullbacks, but they invest heavily in their stock selection and screening process to find "stocks in play" that is to say, stocks that are likely to trend and present them the best market conditions for trend continuations to make money.
Right now in my trading, I find that I make money when the market trends and give it back in consolidation, trading the same pairs, so I am mostly in either small profits or break even. Lmao this is great improvement as I'm not really losing anymore and I have great risk management down,I just need to be in the right markets more.
So..
1. Is there a systematic "stock screening and selection" method for forex pairs to at least figure out the forex pairs likely to trend per week or daily to at least be in the right market for continuations than not.
Or.
2. Is there a systematic way of "consolidation filter" to at least stay out of markets that aren't trending very early on. Without using the losses from the consolidation as the filter itself lmao.
P.S. These are all H4 charts.... (Patience)
