Little way to help one another in trading..

[Floczy]

So since this is is a space for trading discussion, experiences, testimonies, education etc
I thought to create a thread where by forex or crypto traders can drop their before, (process, optional) and after trades with a very brief explanation for educational purposes,
The reason for this tread is to be of help in a little way to those who are still growing in the trading industry,
I personally learnt alot trough before and after photos of trading, and I do feel that it will be of little addition to the growth or upcoming forex traders in this forum.
I just hope that this is the right place for this thread..

Please do not post prediction, only post before and after. Only prediction will be on speculation bord I don't think it will be here.

An example of post..
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I took a trade on GBPUSD
I observed the overall trend was up, so I marked out a liquidity above, and marked one below as well, since it is an up trend it will likely take the lower liquidity first before it continues on its upward trend towards my buy side liquidity..



I felt so great it executed well, and showed signs of progress



It finally hit tp and went beyond, I got a 1:7 RR.

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Although my picture wasn't wide enough and full chat didn't show because I never thought I would post it here when I took the picture, but please enable you pictures are wide so that, one will be able to pick one or two from them.
Thank you
And I hope this will genuinely help traders that are still trying to be profitable.

[hugeblack]

You made a good point. Not many people do that. Unfortunately, traders only post pictures of their successes and therefore make a lot of adjustments.

I took a trade on GBPUSD

Why, if you want to post in a Bitcoin forum, should it be at least a Bitcoin trading pair?

Although my picture wasn't wide enough and full chat didn't show because I never thought I would post it here when I took the picture, but please enable you pictures are wide so that, one will be able to pick one or two from them.

True, editing photos may not require much effort, especially since you are using talkimg.

[cryptoaddictchie]

I like the way you post about the pre and post result of your trade and see the result of that trade. You will likely see a lot of prediction post here and stop there. But it seems you got a solid demonstration. Might be good if you post the before trade on the same date and add or edited the additional image or after result during the exit of your trade either you win or lose then shared it.

That would be more actualization of the trade. Cause we can also compare it if we check ourselves if you really win or lose during the process.

[Floczy]

I marked out two liquidity levels in GBPUSD pair and I realised that it will  be more interested in taking out the lower liquidity first before it goes for buy side liquidity, so I looked for a position so I will be involved in the sell to take out the lower liquidity





I was so happy the results came out well, and it was on a news day, so the to was swift..

[Rruchi man]

It finally hit tp and went beyond, I got a 1:7 RR.

I:7 RR is a good risk-to-reward ratio. If your strategy can consistently yield RR's from 1:3 and upwards, it makes it a great strategy.

I observed from your pre picture, the huge FVG also,



The market respects that most times.

Good trade!

[Byebyebtc]

It finally hit tp and went beyond, I got a 1:7 RR.

I:7 RR is a good risk-to-reward ratio. If your strategy can consistently yield RR's from 1:3 and upwards, it makes it a great strategy.

I observed from your pre picture, the huge FVG also,



The market respects that most times.

Good trade!

Yes there is actually no perfect strategy, what make one's win rate high is not just strategy it's also risk to reward ratio.

Even if you're win rate is about 40% as long as your risk to reward is like 1:3 and above you will be in profits by the end of a week and months

This is one of the Maney factors that differentiates trading from gambling, the ability to control you pnl in a gap of time trough strategic calculations and management.

[Rruchi man]

It finally hit tp and went beyond, I got a 1:7 RR.

I:7 RR is a good risk-to-reward ratio. If your strategy can consistently yield RR's from 1:3 and upwards, it makes it a great strategy.

I observed from your pre picture, the huge FVG also,



The market respects that most times.

Good trade!

Even if you're win rate is about 40% as long as your risk to reward is like 1:3 and above you will be in profits by the end of a week and months

Some new traders do not know this; they want to scalp, so they set trade targets of 1:2 or even 1:1 RR, thinking the market will always honor it. The market doesn't.

Anything less than 1:3 RR is a bad trade.

[SquallLeonhart]

I would say people should also include their loss making trades as other can learn from those. Posting just the winning trades will make new people think trading is a piece of cake and everyone will rush towards it until they see loss coming their way. The GBPUSD trade you posted seems compiling one as the risk reward ratio was amazing but I wonder, how many times did you fail before landing up on this winning trade?

I am sure this won't be your first trade and there will be some really bad trades under your transaction. It is quite understandable that we as a human express only the profits to make others think we know a lot but there is a lot going on in the background which is mostly hidden from fresh eyes. It would be great if you can share those mistakes as it will be a valuable learning for most.

I also think that traders who are making profits will hardly find free time to share the screenshots and write a post here as they are already packed with their trading schedule. Trading does require time and constant monitoring and I think not every trader will find this thread useful but for new traders, this can be like a gold mind so kudos to you.

[Floczy]

I would say people should also include their loss making trades as other can learn from those. Posting just the winning trades will make new people think trading is a piece of cake and everyone will rush towards it until they see loss coming their way. The GBPUSD trade you posted seems compiling one as the risk reward ratio was amazing but I wonder, how many times did you fail before landing up on this winning trade?

I am sure this won't be your first trade and there will be some really bad trades under your transaction. It is quite understandable that we as a human express only the profits to make others think we know a lot but there is a lot going on in the background which is mostly hidden from fresh eyes. It would be great if you can share those mistakes as it will be a valuable learning for most.

I also think that traders who are making profits will hardly find free time to share the screenshots and write a post here as they are already packed with their trading schedule. Trading does require time and constant monitoring and I think not every trader will find this thread useful but for new traders, this can be like a gold mind so kudos to you.

Your point is very valid, and I respect it
And yes I had a loss before that GBPUSD trade, but I didn't post it.
The reason is that my idea for thread is quite different from what you think, if you Check out my first post I stated that only profits should be posted, and the reason behind this idea is to keep the thread clean and focused for learning purposes only, a space to study quality setups and structures so newbies can add to their already developing strategy, that is why I said that all pictures/post of profits should be explained properly.

And yes losses should not be ignored and you can totally learn from them as well, but When there are post's of losses and profits mixed together I do feel that it will become too roudy especially for new traders that still trying to understand what a good set up looks like and how they can extract from it

Meanwhile I can also create another thread where people can drop their losses and wins, and also breaking down the reason for the loss/wins, that will be very helpful as well, but I have to see how well traders in the forum will turn up for this one first before I go for that,

Thank you for your input, let's see how well traders will turn up

[savetheFORUM]

Even if you're win rate is about 40% as long as your risk to reward is like 1:3 and above you will be in profits by the end of a week and months

Some new traders do not know this; they want to scalp, so they set trade targets of 1:2 or even 1:1 RR, thinking the market will always honor it. The market doesn't.

Anything less than 1:3 RR is a bad trade.

I thin even 1:3 might not be a really good ratio to start with. New traders can aim for 1:5 ratio as most of their traders will end up in loss and they need someplace to recover those profits. Aiming for higher profits means aiming for higher fluctuations which will take immense research time and one would also need to constantly keep monitoring the charts. If the profit taking levels are much higher, one will avoid taking multiple trades as they will have to keep the trade open for a good amount of time. This itself would make them minimize loss as they would be placing minimum orders but aiming for higher profit percentage.

I am sure, SL will be hit multiple times before they can reach the TP and this will teach them how to use the risk to reward ratio to keep their trades aligned. 1:1 ratio is so harmful for the portfolio that it can entirely wipe the account in just a few trades. Markets will never honour such traders as all they want is profit without actually considering the risk involved. I would love to meet these traders who have 1:1 ratio but still are able to book profits.

[Pandorak]

It’s great to see traders like you who don’t just show the final results of their trades, because i often come across traders who do that, perhaps seeking validation, when in reality, the losses they’ve incurred might be greater than the profits they’re showing.

Personally, i’m not too fond of major pairs like GBPUSD, i prefer trading XAUUSD, especially in a heated situation like the one we’re in right now, the volatility is extraordinary, it can generate huge profits in a short time but can also trigger a Margin Call in the blink of an eye, LOL.

[justdimin]

I would say people should also include their loss making trades as other can learn from those. Posting just the winning trades will make new people think trading is a piece of cake and everyone will rush towards it until they see loss coming their way. The GBPUSD trade you posted seems compiling one as the risk reward ratio was amazing but I wonder, how many times did you fail before landing up on this winning trade?

I am sure this won't be your first trade and there will be some really bad trades under your transaction. It is quite understandable that we as a human express only the profits to make others think we know a lot but there is a lot going on in the background which is mostly hidden from fresh eyes. It would be great if you can share those mistakes as it will be a valuable learning for most.

I also think that traders who are making profits will hardly find free time to share the screenshots and write a post here as they are already packed with their trading schedule. Trading does require time and constant monitoring and I think not every trader will find this thread useful but for new traders, this can be like a gold mind so kudos to you.

I agree, there are two problems with this post. One is that it has nothing to do with crypto, it's gbp and usd, meaning British currency and American, so it has nothing to do with bitcoin and should not be here to begin with.

Secondly, we are talking about just a win, that's it, everyone can share that. It is not really that much of a success  to have one win, if you could do open public and share everything that you do before you execute them and keep it tracked here, the new could say you are good or bad, but if we are talking about just sharing our wins, there are a thousand people on this forum who can share hundreds of wins, me included, and probably everyone in this forum could. It's all about the losses and wins getting together.

[Byebyebtc]

It’s great to see traders like you who don’t just show the final results of their trades, because i often come across traders who do that, perhaps seeking validation, when in reality, the losses they’ve incurred might be greater than the profits they’re showing.

Personally, i’m not too fond of major pairs like GBPUSD, i prefer trading XAUUSD, especially in a heated situation like the one we’re in right now, the volatility is extraordinary, it can generate huge profits in a short time but can also trigger a Margin Call in the blink of an eye, LOL.

From what I see in your chat XAUUSD will trend up for a while,

The fact that it has taken out sell side liquidity, it will want to take buy side liquidity as well

It will be very good to be understand that the market forms and chases liquidity, it's not out of wickedness of big institutions, but it is what has to be done for stability and easy flow and distribution of money in the market.

[Franctoshi]

It’s great to see traders like you who don’t just show the final results of their trades, because i often come across traders who do that, perhaps seeking validation, when in reality, the losses they’ve incurred might be greater than the profits they’re showing.

Personally, i’m not too fond of major pairs like GBPUSD, i prefer trading XAUUSD, especially in a heated situation like the one we’re in right now, the volatility is extraordinary, it can generate huge profits in a short time but can also trigger a Margin Call in the blink of an eye, LOL.

From what I see in your chat XAUUSD will trend up for a while,

The fact that it has taken out sell side liquidity, it will want to take buy side liquidity as well

It will be very good to be understand that the market forms and chases liquidity, it's not out of wickedness of big institutions, but it is what has to be done for stability and easy flow and distribution of money in the market.

Once you understand the concept of liquidity, then you're good to go in trading, coupled with a few more things like the psychology. The price usually moves where there is liquidity. The smart money trades the liquidity, not where the market is supposed to go, because this is why 90% of traders lose money: because the majority of traders trade where the market is supposed to go, while the smart money moves the market in the direction of liquidity, and that's why your stop usually gets hit many times you place a stop out.

[Blaq_e12]

Share your losing trades, not just your wins. Be honest about what went wrong
bad entry, greed, ignoring stops. That one post could save someone else from the same mistake. Small help, but real.

[Rruchi man]

~

Some new traders do not know this; they want to scalp, so they set trade targets of 1:2 or even 1:1 RR, thinking the market will always honor it. The market doesn't.

Anything less than 1:3 RR is a bad trade.

I thin even 1:3 might not be a really good ratio to start with. New traders can aim for 1:5 ratio as most of their traders will end up in loss and they need someplace to recover those profits.

New traders should not be chasing profit immediately else they will loose more. 1:3 is very proper and more achievable than a 1:5. With a proper 1:3 and good lot size, you will be able to be profitable. It can be called greed if as a new traders, your target is 1:5.

I would love to meet these traders who have 1:1 ratio but still are able to book profits.

It is bad trading practice to be risking the same amount as you are hoping to get from trading, your target profit should always be more than the amount you risk.

[Jaweria parveen]

In my opinion, it is very good for us to help someone, especially when it comes to trading. If we are trading with someone and he is in a problem where he is not taking a good decision for trading, then in my opinion, we should give him good signals from our experiences, this will make it much easier for him to trade. In addition, we will have to see the pattern well, where the market will do what and how we can take profit from there, but one thing must be remembered that we will not be able to give signals and patterns with full profit. Along with this, we will have to advise how we can take ourselves towards profit and we should not be emotional with our knowledge. In this way, we can help people and we can also take profit from this. We will take it to profit with all our efforts, but we can also go into a big loss, so we should try. We should also have a graph with which we can easily draw a line, which will be more profitable for us.

[BitMaxz]

New traders should not be chasing profit immediately else they will loose more. 1:3 is very proper and more achievable than a 1:5. With a proper 1:3 and good lot size, you will be able to be profitable. It can be called greed if as a new traders, your target is 1:5.

The 1:3 RR is achievable for low-quality trades, but if you stick to it, you will miss out on opportunities to spot big moves.
My minimum is actually 1:2 RR, but I adjust my SL once the 1:1 is reached; however, I do not stick to 1:2; instead, I trail-stop to avoid missing those big moves.
And I only deal with high-quality trades. I use a longer time frame to monitor the current trend and a shorter time frame for timing the entry.

I usually stop out at 1:2 RR, which could be due to my current strategy, but I've also hit 1:3 to 1:8, holding the position for a few days or more than a week.

And, to be honest @OP, a 15-minute time frame is very short and choppy; I am more comfortable with 1-hour and 4-hour time frames, and I prefer to stick with them to study price action and learn more about it so that in the future, when the time comes with the same scenario, I know what I am going to do.
A shorter time frame, like 15 minutes, is very choppy. I've been there before, but I got a bad result, and I always prefer to trade for quality over quantity.
I've been focusing on learning how to place SL for almost a month now because that was my previous issue, where I was correct with the analysis and entry but the problem was with the SL.
I'm improving because I have strict rules and conditions, as well as proper risk management. Without these, my SL is always hit by the spikes or liquidity sweep.
Mistakes always motivate me to learn more, and I need to resolve this because I know most of us here are always experiencing the liquidity sweep before the price goes to your prediction.

[Dr.Bitcoin_Strange]

It finally hit tp and went beyond, I got a 1:7 RR.

Congratulations on that, this kind of set-up doesn't show up every single day and it also requires your patience to have waited 10 hours 30 minutes just for this trade to hit your take profit  . Sometimes, the market can reverse and take back all the profit it gave you if you don't close the trade, so, what you must know is that you are not in control of the market, take profit earlier instead of the market going back to your entry. Last month, I caught this kind of set-up twice on XRP but in a sell position.

[Rruchi man]

New traders should not be chasing profit immediately else they will loose more. 1:3 is very proper and more achievable than a 1:5. With a proper 1:3 and good lot size, you will be able to be profitable. It can be called greed if as a new traders, your target is 1:5.

The 1:3 RR is achievable for low-quality trades, but if you stick to it, you will miss out on opportunities to spot big moves.

I understand your point, but I'd like to share an observation that I made from monitoring the trades of some top traders in my country, although they trade forex mainly, but it could still be helpful for other markets you are in if you have a good account size and experience.

Since their strategy assures them 1:3 RR, they increase their lot sizes so that a 1:3 movement gives them a lot of profit. It could give them the amount of profit that you with a little lot size would get even on a 1:8 RR move.

What do you think about this?

I would not advise a new trader with a small account size to try that; those traders can do that because they have the capital for pullbacks.

... and I need to resolve this because I know most of us here are always experiencing the liquidity sweep before the price goes to your prediction.

I am one example, and I recently started studying it to make sure I stop becoming liquidity, because if you cannot spot liquidity on the charts, you become liquidity.