IS FOREX A SCAM?

[Genevive]

Hi guys,
Please excuse my english.
I have tried most of the best indicators, Market Maker Method, support and resistance strategies, candles stick strategies, EMA, Payapa, Patterns ( H&S, two point system) etc ....
But none seem to work after trying for three years now. What can I do to improve my knowledge, is there anything different than just looking at the charts and know the ways the market maker does to swallow me alive? Daily ?

 

[Kunal]

Look for higher time frame trend and trade with lower time frame.
in this example, trade BUY signals with any lower timeframe (eg H1/m30) till the first Red line, if first breaks , till second trend line , there after, if reversing, only sell trades....

 

[Genevive]

Kunal, all of you guys, your response appreciated I will certainly do that. Because I really want to trade with a naked eye, but the things indicators can sometimes make me see what I am not able to see...

 

[Genevive]

Look for higher time frame trend and trade with lower time frame.
in this example, trade BUY signals with any lower timeframe (eg H1/m30) till the first Red line, if first breaks , till second trend line , there after, if reversing, only sell trades....
View attachment 100089

But it looks risky because you are not assured if it will continue to go down ...or when is it going to reverse.

 

[giomantov]

I personally deleted everything from my chart. No indi. And i use eas so emotions don't kill me. I used last year nighters that dont work good anymore (banks change market) and now i do arbitrage. Despite that everything will stop if popular cause banks manipulate. Found a mathematic way to win like with 1 simple indi or a stupid idea and that ve good ratio sl tp and no average tp. Only way to beat the market with arbitrage right now.

 

[Genevive]

after this comment its obviously that you are one from the gang,, too bad the devil and the angel and the human are the same dude nowadays

what a weird, feelingless world, its like we are in a matrix chip

I don't understand what you mean, I just need help increasing the level of trading

 

[Kunal]

Jamie we need you !!!!! jk
you need to learn programming and find something that works for yourself. Nothing works (exept maybe Dalitm) and no indicator you find for free is worth it.
so learn programming and find your own holy grail

you are right, use an indicator in conjunction with it to confirm trend

 

[Kunal]

But it looks risky because you are not assured if it will continue to go down ...or when is it going to reverse.

use an indicator in conjunction with it to confirm trend

 

[Assist]

Hi guys,
Please excuse my english.
I have tried most of the best indicators, Market Maker Method, support and resistance strategies, candles stick strategies, EMA, Payapa, Patterns ( H&S, two point system) etc ....
But none seem to work after trying for three years now. What can I do to improve my knowledge, is there anything different than just looking at the charts and know the ways the market maker does to swallow me alive? Daily ?

This is the problem you trying to master all strategies out there it's like your looking for a holy grail you need to learn 1 strategy and master it and obviously you will not win all of your trades because in forex there is no 100% so you need to choose a strategy that will fit your style swing,position,scalp or short term trading then look for a strategy that will fit in your style and stick with it do not change it when you start seeing loses because the market changes all the time just like the saying past performance doesn't guarantee future results.

So you need to take time learn and practice what you seeing for the video of your strategy and also success doesn't happen over night and forex is not a get rich quick scheme treat it like a business your account is your invested business so if you want your business (account) to be in the industry for years to come then protect it steady growth does it the trick is compounding that's where your growth will happen.

There is a reason why banks doesn't give you 100% interest but you find out traders want to make that in a day or even week banks will never give you 100% at all so grow slow because if you rush you will crash your account.

 

[Genevive]

Which strategy I can then use that works well with an indicator, your response will be appriciated. Or even a strategy alone that has been tested

 

[Genevive]

After listening to your advices i sat down and looked and found what might be the slight solution 80%, but I still need advise and input on how I can develop this strategy. WHEN EMA 50 (UPTREND) IS BELOW CANDLES I LOOK FOR RETESTS AND THE RETEST MUST HAVE A PIN WHERE IT MADE A PIN PREVIOUSLY. ON 4TF as shown in the photos, LOOK FOR BUY.

WHEN EMA 50 IS ABOVE (DOWN TREND) LOOK FOR RETEST WHERE THE MARKET PREVIOUSLY FAILED (PIN) AND LOOK FOR SELL.
Though this might require patience, and the entry must be early as possible.

PLEASE SEE THE RED CIRCLES WHERE THE MARKET SHOWS INTEREST . THANK YOU.

 

[Genevive]

Some of today's results using this strategy please advise

 

[Genevive]

Please advise on the current situation, using the same method