Trading is supply and demand - MT4/MT5 resources
Hi guys,
My interest in finance began when I was thirteen. Started experimenting with options, then stocks, but eventually the Forex market suited my style. Now that I am 27 years old, I have been through ups and downs. If you don't learn to fail, you'll never learn to win. The best advice I can give is that you need to find your own trading style. Don't follow the systems you find on the internet, including here. Learning was difficult to say the least. My first opportunity to trade for real money required me to save two years of money (about $30,000), but I lost it all in about two months. This was after high school.
Now that I'm about to graduate from college, I'm going to do what I do best, trade! After years of tireless sleepless nights and watching price movements day after day, I feel like I have mastered the art of reading supply and demand.
The name of the game is understanding supply and demand. My approach requires multiple time frames. I prefer using 15 minutes, 240 minutes and daily. Apply any oscillator of your choice (mine: Stochastic RSI) to each of your windows. (Never trade against the direction of the oscillator on the monthly chart, that is your trend). Longer time frames provide you with market trends. So if you have a bullish monthly, look for divergences on the lower time frames. If you are bullish on a daily basis, look for divergences on smaller time frames. Differences on small timeframes equal quick opportunities, while differences on larger timeframes (e.g. 4 hours and above) equal large moves in the direction of the larger timeframe (daily, weekly or monthly). This is how I determine price direction.
My profit factor is over 400 and so far my long position has been performing perfectly with only one minimal loss which is technically a win, use limit orders
Average profit = $1000+ Average loss (my only loss) = $160
I started my account in October with $70,000 and am currently at just over $150,000.
You will notice that October is my smallest gain, just remember I am a full time student and have very little time to trade.
My interest in finance began when I was thirteen. Started experimenting with options, then stocks, but eventually the Forex market suited my style. Now that I am 27 years old, I have been through ups and downs. If you don't learn to fail, you'll never learn to win. The best advice I can give is that you need to find your own trading style. Don't follow the systems you find on the internet, including here. Learning was difficult to say the least. My first opportunity to trade for real money required me to save two years of money (about $30,000), but I lost it all in about two months. This was after high school.
Now that I'm about to graduate from college, I'm going to do what I do best, trade! After years of tireless sleepless nights and watching price movements day after day, I feel like I have mastered the art of reading supply and demand.
The name of the game is understanding supply and demand. My approach requires multiple time frames. I prefer using 15 minutes, 240 minutes and daily. Apply any oscillator of your choice (mine: Stochastic RSI) to each of your windows. (Never trade against the direction of the oscillator on the monthly chart, that is your trend). Longer time frames provide you with market trends. So if you have a bullish monthly, look for divergences on the lower time frames. If you are bullish on a daily basis, look for divergences on smaller time frames. Differences on small timeframes equal quick opportunities, while differences on larger timeframes (e.g. 4 hours and above) equal large moves in the direction of the larger timeframe (daily, weekly or monthly). This is how I determine price direction.
My profit factor is over 400 and so far my long position has been performing perfectly with only one minimal loss which is technically a win, use limit orders
Average profit = $1000+ Average loss (my only loss) = $160
I started my account in October with $70,000 and am currently at just over $150,000.
You will notice that October is my smallest gain, just remember I am a full time student and have very little time to trade.
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