jumping from indicator to indicator
jumping from system to system
keep adjusting settings on a indicator every time the market changes
using indicators you don't understand what they are doing

Forexlearner wrote: Fri Oct 13, 2023 9:01 am revenge trading

Obi-Wan: It’s over Anakin, i have the high ground

Anakin: you underestimate my power

Chickenspicy wrote: Fri Oct 13, 2023 9:09 am Obi-Wan: It’s over Anakin, i have the high ground

Anakin: you underestimate my power

Account blown

it's going on a clear down/up trend, it's too late to go down now.... market proceeds to go down all afternoon

it went down/up so much, it has to reverse, enter opposite to the trend, damn it, now it has to reverse FOR SURE, oh come on.... the let me catch this knife fail proof strategy...

Looks at past. This is easy, just follow the trend. Next day, candles go up, down, sideways, this is multidimensional chess, oh come on this is impossible to predict

Forexlearner wrote: Fri Oct 13, 2023 9:20 am it's going on a clear down/up trend, it's too late to go down now.... market proceeds to go down all afternoon

it went down/up so much, it has to reverse, enter opposite to the trend, damn it, now it has to reverse FOR SURE, oh come on.... the let me catch this knife fail proof strategy...

Looks at past. This is easy, just follow the trend. Next day, candles go up, down, sideways, this is multidimensional chess, oh come on this is impossible to predict

This why losses inevitable , position management the key
Its hold or fold just like poker

Chickenspicy wrote: Fri Oct 13, 2023 7:42 am Instead use the lower timeframe to validate and manage entries
Losses significantly smaller
no stop loss or take profit is need in this method
a hard stop would be smart but usually 1hr + is fine

Another way from grandmaster Bilbao

“If price move against me, i open opposite position to lock loss trade
Then open new order, when winning pip reach loss i must close”

1. Must consider the overall strength of each Currency index. It's all about strength vs weakness. Create a profile with each currency basket; use 2 moving averages to determine strength vs weakness (make sure the two moving averages are based on a higher TF); 2. Count each window in the basket (should be 7 charts per basket) and add the total (Strong vs Weak); 3. Now this should reveal which currencies collectively are the strongest and weakest. 3. Trade those pairs to increase your odds of winning.

I also recommend signing up for a free demo account at LiteFinance. They have their own version on indices that can give you the same information at a glance.

Trade management is also key. You should ALWAYS know how much you are risking on EVERY trade and NEVER over leverage!!!!!!
Always use a stop loss, because inevitable you will lose a trade, but with money management, you should live to trade another day...

my vote
top 4, mt5


gann hi lo activator modifications and step moving averages are probably in top 6
some fundamentals top 7

Things I learned that are truths :
EMA200
Highest probability time to monitor and trade (London/NY session - sit in front com 3 hours per session and done)
Manipulation of markets at Previous Day/Week/Month High Low
All analysis done on M15 (bring ema200 of h1 and h4 into m15 to get bias and stage of the trend) , Execution on M1

i fell like this went offttrack, those aren't mistakes.