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I make decent money working blue collar. But it’s interfering severely with my trading. I can’t even request my payout because I’m stuck at work for frikin 16 hours against my will. This is just delaying me receiving the funds and the new account. I don’t hate my job because I’ve worked my way up to a sweet position but they literally treat us like there is no life outside of here and it’s eating me alive.
If 95% of traders lose money in Forex trading, then it means the market maker is making money 95% of the time. Is there a way to put my money as the counterparty instead?
Looking to buy USDCAD, but I’m not in yet. Limit order is sitting at 1.4151. After this move up, I’d rather wait for a pullback than buy here.
I’m using monthly amplitude to plan the levels. Looking at 35 completed months over the last 3 years, the median downside move from the monthly open puts us around 1.4151. That’s my entry. Stop at 1.4050, just below the 75th percentile downside level.
On the upside, the same data gives me three levels:
1.4368 — taking half off
1.4462 — another quarter
1.4549 — the rest
Those are the P50, P75 and P90 upside excursions, measured from October’s opening baseline, not from my entry.
Non-commercial positioning is also moving in the direction I want. Net exposure went from about 54.7k to 80.2k to 90k over the last three reports, expressed on the USDCAD side. That’s short CAD in the underlying futures data.
So that’s the idea: buy a pullback while speculative positioning is building back up in favor of USDCAD. The historical ranges help me place the order and targets; they don’t mean price has to reach them. They’re based on daily closes too, so intraday moves can go further.
101 pips of risk, first partial at 217 pips. If it runs without filling me, so be it.
You can wait for your setup, use your normal size, respect your stop, and still lose. You can also lose because you got bored and took a trade you normally wouldn’t. Both leave you with a red number, but that doesn’t mean you made the same decisions.
When reviewing a rough week, separate the trades where you followed your rules from the ones where you didn’t. Check the winners too. It’s easy to forgive an early entry when it makes money, then call that same entry a mistake when it loses. The point is to figure out what actually needs work before you start changing things.
You wait for a setup, hesitate, and then watch price go exactly where you thought it would. Now you’re annoyed because you “could’ve made money.” The next entry comes along and you take it quicker, even though it’s not quite what you were waiting for. You just don’t want to miss out again.
Before taking that next trade, ask yourself if you’d still want it if you hadn’t missed the earlier move. If you’re rushing or skipping confirmation, take a minute. Missing one opportunity is frustrating, but it doesn’t mean you have to take whatever comes next.
Hi guys do you know how quick FTMO get back via email and ticket support? It’s been 1 business day and it’s weekend now. Tomorrow is Monday. I have an issue that needs to be resolved and no one is getting back to me. I am very impatient 😭. Someone tell me how long they’ve waited for support to get back to them. Thanks.
How do you account for shared currency exposure when sizing multiple forex positions? For example, being long EUR/USD and GBP/USD creates two positions that could both lose on dollar strength, even with separate stops. Do you cap their combined stop-loss risk, adjust sizing using correlation, or use another method? What are the limitations of your approach?
Hey guys! I have a quick question about market structure.
I’ve been trading for a while now, but there’s one thing that sometimes confuses me, and I’d love to hear your opinions.
As you can see in the screenshot, I’ve marked two different areas, #1 and #2.
Here’s how I personally see the market structure:
I consider #2 (the upper circle) to be the lower high (LH) and #2 (the bottom circle) to be the lower low (LL), which confirms the bearish market structure in my analysis.
However, I’ve heard some traders argue that #1 should actually be considered the lower high because price made a bullish retracement (the blue/green candle in the middle) before continuing downward and creating a new lower low.
So my question is:
Would you consider #2 or #1 to be the correct lower high in this bearish market structure?
And when identifying a Market Structure Shift (MSS) or Break of Structure (BOS), which swing point would you use?
I’m personally leaning toward #2 because that’s how I’ve been identifying the overall bearish structure, but I’d love to understand how other traders interpret it.
If you choose #1 or #2, could you please explain your reasoning? I’m genuinely trying to improve my understanding of market structure.
Market Structure Question: Which One Is the Correct Lower High — #1 or #2?
I'm doing a study on traders demographics worldwide. If it's not too much to ask, can you just tell me what country you are from, and what pair you usually trade? Thanks!
I'm from the Philippines, and I usually trade GBP/USD and USD/CHF.
Can someone tell me why I can never see any difference when I change leverage sizes.
I went from 1:100 to 1:500 but I did not see any difference in margin size or pip size
Or even margin size.
You would think that the price of margin per 0.01 would change when one switches up or down leverage size.
But I never see any difference.
Not even the equity size changes.
Where am I looking wrong?
I trade oil with one broker I pay 4USD and with another its around 1USD. I cant change that size with leverage to make it affordable or otherwise.
And the pip sizes seems to be 0.10cents with one broker and much more with another.
What is your leverage size and or what is your type of account.
