FOREX Live Trading Blog - It's Okay NOT To Trade | Forex

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1. The Bankers business model = (Accumulation, Advance, Distribution and Decline phases... aka. Trending and Ranging)..
   Be in tune with this and DON'T TRY AND USE TREND STRATEGIES e.g. MA etc in a range and DON'T USE ADVANCE PATTERNS IN HEAVY TRENDS!
   Be in tune with this facts on the Higher timeframe (If price is ranging in a boxish (200Ma is flat-ish)... Dont insert trend trading strategy... think range... simple and vice versa
   
   Market rewards patience and thats what banks do, they wait...
   
   There are over 60 plus (good broker spread) currency combinations you can trade. Commodites, indices, Bond yields and price... etc gives even more options. Make your rules and stick to it! (If a pair or instrument is not on for your rules, market condition and strategy, eg EUR/USD; just move on!)
   
   If you are an advance pattern trader, learn to identify a range... if you are a trend follower like me, learn to identify a trend (Start to finish). (NO counter trend trading, you are missing out on the meat!)
   
   Don't go below a 1hr chart too, not worth the cost and you'll see too much (Unless you are refining an entry of course). Start analysis from the daily always!.
   
   Cheers
2. Thanks for the video. Did you personally had a situation when you deliberately decided to stop trading for several weeks or months ? Thx
   btw this was one of the very important lessons when it comes to trading
3. Akil, you couldn't pick better moment for me to talk about this subject. I really over traded last week and by doing so, I diminished great trading results from November. Main reason I jump in trades that don't fully meet rules of my trading plan is FEELING that I' em missing out trading opportunities. I see setup on 30 min. chart that "should" work and I jump in, long trade for example, EMOTIONALLY and then I stare in chart trying to justify that trade rationally. Then, as price goes against me I push back stops EMOTIONALLY and look for way to justify that decision rationally. "It went trough this support level, but it MUST bounce of next." Then I double or triple position size EMOTIONALLY and justify that decision rationally (Ok, I know that, at this point, all rationality is gone) saying "Ok, now I don't need price to go back to entry level for me to brake even." As the price goes against me further, I remove stop order saying "Ok, this is bad, but I don't need stop order because this pair is on 10 years low and it's oversold which is visible on monthly chart and it MUST go back up. Meanwhile, let me see is there anything interesting in other pairs... Ouuu! This should work!" And I jump in new trade setup that "should" work, and worst thing happened, it worked. Price is going in my favor and I feel good about myself, so I'm looking next pair for trading opportunity, and next, and next... because I don't want to miss out any trading opportunity... Don't get me wrong, some of those trades was profitable, but end result of such trading is -583.3 pip's in 5 days. Ouch!!!
4. Love these trading blog videos Akil! Great work, keep them coming
5. Loved this great one Akil..
6. Akil, would love to hear more about the news events you stay away from. There are so many on forexfactory, and its hard to know which ones will have an impact or not. Thanks for the great content.
7. Crazy how your making this video at the time when am trying to hold out until 2017 but spent so much time testing I just want to get involved. But got to sit here on the bench and wait until my time comes 😭
8. People have tried to tell me before that trading is gambling. My response to them is that life in itself is a gamble. Life is a game of probabilities, and nothing is 100% guaranteed in my opinion.
9. Hey akil what is the set up. off you. DSR
10. Are you even considered a 'trader'? You prob make more from coaching than trading.
11. Well my platform shut down for maintenance today so cant trade till tomorrow. 😀