What makes a consistently profitable trader different from others?

Discussion in 'Trading' started by qwB, Jan 12, 2024.

  1. tuxedo69

    tuxedo69

    I believe you are right, when you say there is the right and wrong time to trade, but i do not believe the price is random.

    Other wise how do we make money?
     
    #21     Jan 21, 2024
    toucan likes this.
  2. padutrader

    padutrader

    by trading market conditions
     
    #22     Jan 22, 2024
  3. tuxedo69

    tuxedo69

    Hi please elaborate, on how you trade market conditions.
     
    #23     Jan 23, 2024
  4. You need to stay calm all the time in this market. Even excitement after a great win can ruin your whole trading day!
     
    #24     Jan 23, 2024
  5. 2rosy

    2rosy

    order flow
     
    #25     Jan 23, 2024
    Leob likes this.
  6. ironchef

    ironchef

    May I ask where do I find info on order flow?
     
    #26     Jan 23, 2024
  7. 2rosy

    2rosy

    provide markets to incoming orders. use to be someone on the top step, specialist, dpm, friends with a broker, now pfof
     
    #27     Jan 23, 2024
  8. padutrader

    padutrader

    first determine market conditions-is it a trading range day or range day..... you can see it by looking at your screen.
    i did not say it is easy to do to teach or explain so it is easy for you to ask how do you trade market conditions.

    that takes years of experience
     
    #28     Jan 24, 2024
    qwB likes this.
  9. tuxedo69

    tuxedo69

    Just to say (trading range day or range day) sound to like you are trading a higher time frame than me, I do not take notice where we are on a 1/2/4 hour /or daily chart is, i do note but not for the strategy i trade.

    You ask how i trade Market Conditions i gather this is the same as most.

    Major New releases ,which are on the calendar.

    Major event news releases (NOT on the calendar) . World event news which will move my pair (then manage that trade) if i am in a trade at the time.

    Knowing when to start trading again after the above.

    Holidays

    Time of day,

    etc, etc

    Its all basic conditions, but it works for me.
     
    #29     Jan 24, 2024
    toucan likes this.
  10. ironchef

    ironchef

    Where can a retail like me get order flow info? I am not trying to give you a hard time, I really want to know if it is possible.
     
    #30     Jan 24, 2024