Trading and probability - making choices

How to be profitable in Forex: High-probability trading.

Hello guys,
I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability.
High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances.
I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return.
Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow:
- Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that.
- Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability.
Thank you for reading.
submitted by Oxygen0796 to Forex [link] [comments]

What got you guys into trading forex ? With a high probability of losing money?

submitted by papasquiddy to Forex [link] [comments]

HIGH PROBABILITY Trading For END OF DAY Forex Traders

HIGH PROBABILITY Trading For END OF DAY Forex Traders submitted by lotus717 to u/lotus717 [link] [comments]

Stop Loss is a strategy one way of avoiding risks on Forex trading investments today. If the complete elimination of loss probability is your goal, it is time to learn the inside secrets of Forex Hedging at http://dominion24.esy.es/register-for-webinar/

Stop Loss is a strategy one way of avoiding risks on Forex trading investments today. If the complete elimination of loss probability is your goal, it is time to learn the inside secrets of Forex Hedging at http://dominion24.esy.es/register-for-webina submitted by edithadhanushya to u/edithadhanushya [link] [comments]

Discover The Best, Proven, Way To Find High Probability Trades With Our 100% Done For You Forex Trading Strategies.

Discover The Best, Proven, Way To Find High Probability Trades With Our 100% Done For You Forex Trading Strategies. submitted by JH8930 to CryptoTradingFloor [link] [comments]

Discover The Best, Proven, Way To Find High Probability Trades With Our 100% Done For You Forex Trading Strategies.

submitted by JH8930 to Forexnoobs [link] [comments]

Discover The Best, Proven, Way To Find High Probability Trades With Our 100% Done For You Forex Trading Strategies.

Discover The Best, Proven, Way To Find High Probability Trades With Our 100% Done For You Forex Trading Strategies. submitted by JH8930 to CryptoCluster [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

Discover The Best, Proven, Way To Find High Probability Trades With Our 100% Done For You Forex Trading Strategies.

Discover The Service That Gives You:
100% Done For You Forex Trading Strategies.
Weekly Trading Ideas, Commentary, & Live Examples
Live Chat With A Trader For Support
Click The Link To Learn More
https://www.alphaexcapital.com/alphaex-trading-strategies/?utm\_source=reddit
submitted by JH8930 to Forextradingdaily [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

@AlphaexCapital : Top Forex Trading Expert Reveals How You Can Learn To Trade Forex, Find High Probability, Money-Making Trades (On-Demand), Whilst Reducing Your Losses (Automatically) In The Next 7 Days (Even If You Are A Complete Beginner) For FREE. https://t.co/V4YyY2Dhtk #forex #forextrading

submitted by AlphaexCapital to AlphaexCapital [link] [comments]

Forex trading is a game of probabilities FOREX TRADING - HOW TO SPOT HIGH PROBABILITY TRADES Simple Probability Analysis In FOREX Trading  Longwood ... High probability forex trading - with Adam Khoo - YouTube Believe in the Law of probability in trading High probability forex trading strategy with almost 100% ... Trading: A Game of Probability - YouTube Turn Forex Trading Into A Simple 4 Ways You Can Find High Probability Trading Setups - YouTube JAGfx MT4 High Probability Trading Method - YouTube

How to Calculate Probability of a Forex Setup? Signal hunters will never know when their system fails them as the market environment mysteriously changes. Traders who use the market structure, however, will also be adapt and ready for change. It’s part of our game plan, or better said, trading plan. Here are the key elements to keep in mind when trading market structure: Step 1: is there a ... High probability trading strategies : entry to exit tactics for the Forex, futures, and stock markets / Robert Miner. p. cm. – (Wiley trading series) Includes bibliographical references and index. ISBN 978-0-470-18166-9 (cloth/cd-rom) 1. Speculation. 2. Futures. 3. Stocks. 4. Foreign exchange market. 5. Investment analysis. I. Title. HG6015 ... High Probability Trading would be the closest thing to a forex holy grail, right? Maybe not. But what is high probability trading and what does it involve? Are there any high probability forex trading strategies around?. Well, let see, shall we? But before you go any further, you need to understand what high probability trading is. Forex: High-Probability Techniques for Trading without Indicators pro-vide an honest and effective presentation about forex trading that certainly beginners need, and that more experienced traders forget they need. Naked Forex makes some powerful points about trading forex that re-ally apply to other markets as well. First and foremost, price is the most im- portant indicator of all. All ... Of course, a trading decision is more complicated than a coin flip. And yet, it all comes to probability. The goal of a trader is to build a trading system with a positive expectation and combine ... Embrace the odds in your trading "Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the ... Using high probability forex trading strategies has enormous advantages for trading psychology. First of all, it does not cost a trader any money. Most importantly, traders do not have to worry about missing a setup, chasing a setup, entering a setup too soon, etc. It is an enormous help for remaining patient and keeping the discipline needed to succeed in trading. Plus traders can avoid ...

[index] [20149] [23125] [22598] [14575] [15063] [4474] [25313] [13475] [16518] [5774]

Forex trading is a game of probabilities

Veteran trader Scott Andrews explains why he trades on high expectancy and high probability setups and shares why he got the nickname, "The Gap Guy." Download HPO for hidden divergence (Smooth Oscillator for Divergence)below: https://www.mql5.com/en/market/product/26458 Probability analysis against any system is a complex mathematical process, and yet the results of such analysis of the currency market is so critical for a t... www.JAGfx.com Here is a robust MT4 trading method. This is the basic set up as explained in my book. It can be traded on any time frame and on any instrument... Take your trading to the next level. Learn how to achieve consistent profits by creating a trading system with a positive statistical expectancy. Trader Fest... With BTG Deviation levels we can turn trading into just a "Probability Game". Every single 24 hour period we know exactly how far the market can/will move. K... In this stage 7 of our trading secret series we reveal that once we accept that there is a probability percentage associated with each trade and it is never 100% then we can move forward with our ... Forex trading can be simplified to a game of odds. Understanding this concept will make your trading a lot more successful. 4 Ways You Can Find High Probability Trading Setups - See more at: http://www.netpicks.com/4-locations-find-high-probability-trading-setups/ You can find hig... James Chen - The High-Probability T.P.B. Approach to Trading Forex - Duration: 47:08. TradersLog 40,161 views. 47:08. Mix Play all Mix - Trade Empowered YouTube; Learn To ...

https://arab-binary-option.comcatif.tk