Wash, rinse and repeat for AMEX:SPY by frodo75 — TradingView

Read Carefully Experts!

This may appear to be a noob question, but read on carefully and please try and understand the point I'm trying to make! I'm hoping your answers might be helpful to people both learning Forex and looking to get into it, so please don't hate on me for this post.
I am relatively new to FX and have learned about break and retest strategies, MACD crossovers and stop losses below structure and risk to reward ratios (usually going for 1:1 or 2/3:1) and so on. I say this only so you know I've a general (very basic) understanding of charts, price action etc.
I definitely do NOT expect to step into the markets and instantly win a majority of my trades, however, to illustrate my thoughts please note the example below.
If I am winning 2% on a winning trade and losing 1% on a losing trade (2:1 reward risk per trade), a strategy that wins just 50% of the time trading once per trading day would be +10% each month. (10 days of -1%, 10 days of +2%). +10% is a HUGE increase in accounts and if a $1000 account was +10% per month for 12 months the end of year balance would be over $3138.43 or a 213.84% return!
This leads me to a theory that almost NO system can be returning 50% on a 2:1 reward risk, even with careful trade selection (let's say I monitor the 7 major pairs, gold and GBP/JPY as I do and pick one entry a day) Am I wrong? I appreciate it is a hypothetical example designed to make a point, but my thoughts are if you monitored lots of pairs and took only ONE entry a day, we might expect to win 50% of the time.
Let's expand this further. I have seen numerous algos (can't name them but looking like they win at LEAST 50% of the time) which tempt me because they appear to indicate moves I could jump on and where I could pull a bunch of pips out of the market. However, there surely cannot be a holy grail or are people making this type of insane return? It cannot be as easy as buying an algo, signing up to $300,000 worth of FTMO funding and earning 10% per month for an easy $21,000 per month income with profit share. Or maybe it is and I'm just cynical?! I end up getting tempted by courses etc. in the hope that if I spent £400 on a good course it would open the door to what I need to do, but I'm nervous this is just another huge mistake.
I genuinely would love to trade Forex for a living. Really I would. I hope it's possible and I hope to learn a strategy I can wash, rinse and repeat. I love watching videos and live streamers who seem to have a great understanding of what's going on but I wonder if it's really possible. It seems a million miles away but I'm determined to keep learning and trading.
Reading your considered thoughts to this post would be helpful for me and I'm sure others and thank you for reading it.
submitted by mal4291 to Forex [link] [comments]

how to use the trading tools - YouTube This Is How I Trade The Forex Market Everyday Wkly Round Up thru Dec 7th 2019; Wash, Rinse & Repeat TIME TRAVEL TRADE PART 2 WASH RINSE REPEAT BITMEX THE LEGEND wash n rinse stop hunting Washday - 60 Celsius cotton wash with extra rinse option (Used flashlight as light source)

A Wash & Rinse buy signal was triggered. The very next week, CERN dropped to a new correction low and negated the initial buy pattern. It also ended the week below the 2014 low of $48.39. Two weeks after that, the stock blasted higher and closed back above the 2014 low. This was the second Wash & Rinse buy signal. The fact that these classic pattern failures occur often is good news for traders with the right perspective. ... etc. all have the potential to be catalysts for the next move in forex. Currencies are currently a slow moving train, but they may be one worth boarding soon. Speaking of rates, take a look at Ishares 20-Year Bond (TLT). It triggered a small Wash & Rinse buy signal back in March ... (see related ideas below) Called the 17.2K bulltrap when folks were expecting to unload bags at 18-19K. Called the 9K low on the second selloff, when folks were clamoring for even more blood. Now we're repeating the same rebound, retrace, and collapse cycle on this pitchfork. This rally should get stuck under the old yellow triangle bottom, so no more than 14K. Some will aim for a test of the ... Blog & news; Website & broker solutions; Widgets; Charting solutions; Lightweight Charting Library; Brokerage integration; Advertising. BTC - Wash Rinse and Repeat often and then Dry. Bitcoin / U.S. Dollar (GEMINI:BTCUSD ) mycotoxin GEMINI:BTCUSD Bitcoin / U.S. Dollar. Trend Analysis. 1403 views. 54. 10. trendanalysis. A good move to memorize as it repeats often. Comment: first stop should be ... Wash, rinse and repeat. SPDR S&P 500 ETF TRUST frodo75 AMEX ... Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter. Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help ... Wash, rinse, repeat. These are the same kinds of comments we heard yesterday. Deal with the EU is still possible ... We provide real-time forex news and analysis at the highest level while making ... Wash, Rinse, Repeat. Why You Need A Method For Valuing Stocks.

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how to use the trading tools - YouTube

This is literally how I look at the forex markets every day. I get a signal, then I check my charts, then I look for a direction, then I enter my trade. Wash rinse repeat. Broker I Use: KOT4X ECN ... 95% Winning Forex Trading Formula ... 40 Celsius cotton wash w extra rinse - Duration: 46:31. Fredriksam 1 view. New; 46:31. 60 Celsius Quick wash with no extra options - Duration: 39:37 ... Stop hunting, when identified can offer you high probability entry opportunities. If you like what you see here. You are invited to join the public chat Its free! https://discord.gg/bAjYbv4 Watch ... News Live Fashion ... wash n rinse stop hunting by john ftseman. 8:31 [Private video] [Private video] ... how a whale washes the forex market by john ftseman. 8:41. Trading between median lines of ... Hey folks as this decade winds down and we move into another “roaring 20s” we have many different forces acting on current markets and price action. Welcome to our Weekly Round-up! Market ... LIVE: KTN NEWS Live Stream KCSE 2019 RESULTS KTN News Kenya 1,090 watching Live now 6AM- Fox & Friends 12/20/19 - Fox & Friends Fox News December 20, 2019 - Duration: 28:31. TIME TRAVEL TRADE PART 2 WASH RINSE REPEAT BITMEX THE LEGEND ORACLE KINGPIN CRYPTO. Loading... Unsubscribe from ORACLE KINGPIN CRYPTO? Cancel Unsubscribe. Working... Subscribe Subscribed ...

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