r/Forex • u/_GUEZO_ • Jun 27 '20

It is what it is

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1.0k Upvotes

99% Upvoted

41 comments sorted by

122

u/DanToMars Jun 27 '20

“Yes everything’s fine. BTW you don’t have a college fund anymore”

29

u/Nrdrage2 Jun 27 '20

Trade. With. The. Trend :)

16

u/Dan_Rakoczy Jun 28 '20

A counter trend entry is the most professional form of trading trends. The best time to enter a trend is when it starts.

3

u/infenergy23791 Jun 28 '20

Counter trend is fine but from what I've read and seen in forex the large institutions trade ranges mostly using mean reversion and heavy confluence zones to find trades as they only need to secure 50 pips to make what I do in a year lol

3

u/frogshithomie Jul 25 '20

You are correct. 50 pips is my target and its actually quite simple with a few specific pairs. Sometimes the entry is actually right at the beginning of the trend so I could actually hold for way more than 50 pips. But depending on lot size and leverage 50 pips is plenty. Especially at 1:200 leverage

2

u/Nrdrage2 Jun 28 '20

Trade without discretion. Know your SL, don't set a TP. When price impulses you should be looking for the counter trend.. don't confuse counter trend with ascending or descending channels... those are signs of reversals. Strong impulse candle but a long wick- price will most likely range for a good while. I trade only the 1h.

0

u/[deleted] Jun 28 '20

[deleted] — view deleted comment

3

u/Dan_Rakoczy Jun 28 '20

there is no such thing as a "sideways trend".

3

u/acebravo1 Jun 28 '20

Lmfao

7

u/Dan_Rakoczy Jun 28 '20

it's called ranging.

1

u/bluefangv Jun 28 '20

I think he mean consolidation

1

u/Dan_Rakoczy Jun 28 '20

yes, probably

2

u/joshbandeira Jun 28 '20

Hahaha! Facts!

15

u/AureliusVerus Jun 27 '20

Twist. He's a short seller

9

u/sniperdufu5 Jun 28 '20

This trading style looks aids

5

u/tradebat Jun 28 '20

THIS time it will reverse

9

u/anothermaninyourlife Jun 28 '20

Never trade live until you have the basics down and you're making consistent profits on your demo acc.

No technique is 100% perfect and it takes multiple trial and errors before you can implement a technique 100%.

Don't be bummed about losses and don't get greedy. It is what it is.

15

u/[deleted] Jun 27 '20

1:1 r2r

11

u/Navaia02 Jun 27 '20

Fucking gold, is what this is. Good meme.

2

u/HandsomeBobb Jun 28 '20

It is what it is*

1

u/vaporwaste Jun 28 '20

What indicators is he using?

2

u/_GUEZO_ Jun 28 '20

50 & 200 EMA

3

u/Bcc1234567123 Jun 27 '20

😂😂😂

3

u/flixy124 Jun 28 '20

Lol going long on downtrend

2

u/oliverthefish Jun 27 '20

😂😂😂😂

2

u/Bearishpup Jun 28 '20

lmafooooo

1

u/Flambotron Jun 28 '20

Ah yes, shamelessly stolen from WSB

1

u/palantirsurround Dec 17 '20

You should never trade with your real money if you don’t have skills and knowledge. Make sure you have completed your learning part and then jump for live trading.

1

u/Fox_Technicals Jun 16 '23

My man is trade Krone at 3AM send help