Why trading is sometimes difficult for me

Discussion in 'Trading' started by heavenskrow, Jun 6, 2018.

  1. heavenskrow...it seems you have good entries...search Andersen Bands here in ET...they could benefit you and they seem they "fit" the way you trade. Not for me though.

    ES
     
    #91     Jun 11, 2018
  2. Onra

    Onra

    Relax man; your entries are phenomenal!
    In fact they are very early...
    So give the 15 and 60 min. traders some time to join you! ;)
    Seriously: switch to these TF's after entry and see how the price action unfolds for them.

    Track how much price moves against you on average and set your stoploss.
    With these R/R ratio's you're sitting on a pot of gold!
     
    #92     Jun 12, 2018
  3. volpri

    volpri

    For one your SL is too tight for this kind of PA and trading entries.
     
    #93     Jun 13, 2018
  4. Fadip

    Fadip

    Trading is not an easy job and it is difficult for 95% of the people who try to invest on the Forex market. Only 2-3% people find it easy as they do home work before try any thing practically on the market. Stay safe, work hard, and believe in your knowledge!
     
    #94     Jun 28, 2018
  5. SkyChef

    SkyChef

    It’s not hard. It’s just a another tool serving a different purpose. There isn’t any good literature about trading order flow & footprint available but pieces of information could be gathered & pierced together. However if you want to use it well, you will have to spend time to practice the DOM & this is the killer for those lazy bees.

    I recommend to search for DOM drills & practice it till it's easy for you to trade w/o using any chart. Have some software (I use OBS) to record everything you do & replay the practice & market action. Then (hopefully) you will see how footprints pierced everything together. I'm pretty sure it will answer the question you've at that instant instead scratching your head later.
     
    Last edited: Jun 28, 2018
    #95     Jun 28, 2018
    heavenskrow likes this.
  6. manonfire

    manonfire

    You are looking for absolutes in a discipline with none. Also be aware of context, 9 am pt is 12 pm est. All this on a summer Wednesday with no particular catalyst and you would expect the market to lumber around for an hour. There are dozens of contexts to be aware of, earnings, holiday's, major economic releases, fed action, time of day, day of week etc. It takes trading through an entire cycle to develop and acute awareness of context. We are presently going into a holiday week, I expect volume and volatility to diminish through next week and perhaps become range bound.

    It's said that the second mouse gets the cheese. I often define my entries, position size and risk on if I am the first mouse or second mouse acting on an inflection point and going for the cheese.

    Lot's of solid advice on this thread. Good trading dude!
     
    #96     Jun 28, 2018
  7. Carlll

    Carlll

    You need to put the stop loss sl above the previous high somehow upto 100 points. I think it is the most common phenomenon of the trading which every trader need to learn before executing any trade. Keep it in mind next time! Best of luck as well!
     
    #97     Jul 1, 2018
  8. padutrader

    padutrader

    i know no one can buy the bottom and sell the top...and yet all the vendors say they will show you how to put tight stops:D
     
    #98     Jul 3, 2018
  9. padutrader

    padutrader

    you are doing everything right.....you are far more intelligent than the crowd...that is why you have to wait,,,,because eevry trader is buying the dips they do not know what you know,YOU do not know what you know
     
    #99     Jul 3, 2018
  10. padutrader

    padutrader

    after the impulse move comes chop and then again impulse......recognise impulse watch the chop and judge the next impulse.is the market getting stronger or weaker

    i wonder how and what experienced traders write pages and pages about market action-Brooks has written 4 books some charge 500 usd James charges 50000 usd to teach what? that the market impulse moves and chops!
    it just distracts everyone from the market cycle
     
    #100     Jul 3, 2018