I am demotivated...
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Thread: I am demotivated...

  1. #1
    Yeah, I'm.
    Not that you would care about it.

    It's been a few years now for me Forex, maybe not that 2 years is much, actually I know it is nothing, but I'm afraid that I won't get everywhere from here.
    I'm in the second step of these famous 5 measures quoted somewhere in the forum. I understand that... I do not understand.

    To tell the truththis tool actually gave me a huge hand:
    I can not remember how it was called, I simply call it Strenght meter, I imagined the one I use, but I got the idea from a link somewhere here on forum and I think the founder was Henry Liu or something like this. Anyhow, that tool measure the overall strenght of a currency, like an index, and if you compare high scores currencies with low score types that you can actually find some good up/down tendencies.
    But... yea there's a but. I actually do not understand how to use this wonderful tool I have in my palms. I lately used it to choose what pair to trade, the most climbing currency against the most falling one...

    I do not understand, I do not have rules to follow and I'm lost, I'm not still able to make my own principles. I'm good at money management, it is not that I'm loosing too much (I've an account with 100? On it, so it is not big declines, but it still is real money), I'm not risking much, I'm not cutting my wins or allowing my losses move, etc . I'm kinda... balancing my losses with my wins, breakeven. And I'm delighted with that, I'm proud of myself for this.
    But I can not move out of here. I'm not able to.

    Actually, I stopped reading the trading egies department,'cause'till 6 weeks ago I was a Systemhopper, leaping from a egy into another. I determined that I needed to make myself a way using all the good understanding I had found here. So I began reading the trading conversation, broker talk and rookie discussion segments, a small bit even one.
    I really don't use indiors if not created by mepersonally, and, even people, never modify the true price with strange formulas.
    I tend not to give much importance to timeframes.
    Never attempted scalping or something like this, I only know it doesn't suit me.
    I really don't know what to say if not , again, I'm missing. I want some light.
    Can you assist me? Give me a hand ?

    Thank you forum.
    Regards,

  2. #2
    Have a look at my forum explorer, even if you like it, then try a number of my favorite tools. You must have a clinic account to grow on day to day basis. This can allow you to rebuild your confidence for a trader. With practice account you are able to try out any instrument you read or hear about, until you know which ones actually make and hold any profit in the money market.

    For viewing purposes, I utilize Price Oscillator, CMO (ChandeMomentum Oscillator, Stachastis-Full, EW (Elliot Wave), and RVI (Relative Volatility Index). The price Oscillator tells me where the currency pair in going, The CMO tells me has sufficient momentum to get there. EW and RVI, inform me if it's swimming against market volatility or using it. Taking care of the fundamental factors, can save a lot frauion, because not even the best tool can save a terrible trade put in the wrong direction.

    As shown in the charts below, you may look for a synch between your favorite tools suggesting consistent currency pair behavior across phases M1, W1, D1 and H4. Then look at the zero line to to see whether the current price is above or below it. Across the four chosen phases. . If it's above it that you buy, if under it you sell.If it places a high unfavorable P/L you lock in the new price in precisely the exact same way and shut the previous trade until it reveals a favorable P/L. Make adjustments as required from this point on. No demand for for stop loss instrument. Make sure to buy at market low (total red light) and sell at market high (total blue or green light). Full red means bid and ask buttons are red indiing market change which is far better than simply price change. That also means you are buying at low volatility and selling in high volatility.




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