How To Cut Losing Trades Early In The Forex Market | Supply & Demand
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- Опубліковано 29 чер 2024
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#FOREX #DAYTRADER - Навчання та стиль
The only way you're gonna get good at this is if you see this unfolding in real time 💯
The best way to cut looses is to raise your take profit. the pair gbp/jpy has 60 pip moves every day. Also your forex stop loss should never be higher than 20 pips. But yes like Doyle said you have to get the experience. I’m a extremely fast learner and I still needed experience.
@doyle your account is big enough to make over 10k a day your 10 pip is 3k so your 50 pip is 15k and GJ give those moves everyday. I also see you trading multiple pairs I noticed being patient focusing on one pair is more consistent.
what broker do you use
@@sarkermahmud check in the Description
Yo. We need a video about every 3-4 days. U really elevated yourself in the GOAT conversation in this industry. As a black man bruh we counting on u! Keep u the good work.
This is probably the most important videos Doyle has put out. Cuttin losses is so important if u wanta be profitable. Becoming a good losser is more important than winning. Key in point u can't control how much u win ,but u can control how much u lose remember that 💯
I usually dont comment but Honestly doyle is one of the few real deals on social media right now, PERIOD!!! I was blowing accounts for 2 years straight until last year i came across his teachings, this year i have finally been funded for 3months, i know it aint that long and i have a long way to go! But if it wasn't for this guy i would still be fooling around. Much love to you brother ❤
keep going bro🙏
Nice job bro! Did you take a 1 on 1 with him or just his course?
Right on time. I just lost alot of money today because I didn't want to cut my losses early and I'm going to stay out of the market for 2days to relax, relearn and study my trades. Thanks for this Doyle 🙏
Use a hard SL and NEVER touch it
Same here bro, went against my rules.
@@kidouble18 This right here keeps the account alive to trade another day
This one gon be a banger i already know 🔥🔥
I got your course a month ago. The people that vouched for you was right. Your course is structured really well and I rewatch it every weekend and I can finally see these charts with more clarity thank you
This is gold. God bless brother!
My g great video. Just want you to know I've been struggling in my trading journey and going back and watching your Psychology videos is helping me so much brother. Thank you g. stay blessed.
Usually dont comment but what a GEM! wish the video was longer thanks for the knowledge ✊🏽
Gems. Def joining your discord next week. It don’t get simpler then this
This is what the people needed 🤘🏼🔥🔥🔥
I can speak for everyone who consistently watches your videos. We APPRECIATE the things you do to help us succeed
D comin w that 🔥
Great vid Doyle.
What’s up Doyle, I've been watching your videos for a while. You've helped me a lot. I watched your recent video about losses. I’m a perfectionist and always try to filter out as many losing trades as I can. I'm still backtesting, let me know if you backtest and find out anymore based on this stuff. Hope it helps man
I can give you a lead without losing money
Great vid Doyle thanks.
dude carries this platform at this point 🌙
This was the final piece!!!!!!!!
Awesome video!!
Great vid, all about reading those candles. Experience in the market really makes the difference 💯✊🏽
frfr
banger video 💫
Straight GEMZZZZZ 💎
I really needed to see this video.
Much love from South Africa 🇿🇦 ❤️
thanks for doing this video doyle. you the goat, i aint ever gonna turn my back on you
I agree that it’s an experience thing. I’m about a year and a half in and this is a real struggle. I let losses run too long, cut winners too soon and cut a loser too fast and it immediately turns back around and would have been a winner.
I think time and experience is key and only taking high probability trades and not rushing them.
Been waiting on this for a minute 💯
It’s crazy I’m one year in and this was something I’ve been working on adding to my strategy. Thanks for addressing it.
Thank you for sharing, the video was informative.
Thanks Doyle 💫
Great insight ✅🥋👌🏿
Doyle ‘’skip this video if you are already profitable’’ this bro is a genuine trader not just a clout chasing guy.
Keep winning bro 🙏🏾
Drop the chart background and candlestick colour settings!!!! I won’t stop commenting this on every video until you do
Thank you for this video Doyle this is definitely something I need to work on !
Thank you for everything
this makes hella sense but how can i pull this off if im using percentages on a prop firm and my lot size is based on the size of the zone?
Thanx for the free knowledge bro
This is probably top 3 of your videos. Most traders should be rewatching this one right here.
another gem!!!
Thank You ❤
thank you da goat
Thanks for another great video need to work on this!
Fire video.
Wake up and go to the market and wait for a setup gotta catch these while they in action back testing isn’t it … it all finally clicked for me when I just showed up to my trading time everyday and looking for a setup
Beautiful explanation💯
Doyle the goatt
i appreciate that bro
Thanks brother
Thanks fam
When using the 200 ema do you use it on the 1hr time gram or
Bruh, i ain't gonna sugarcoat this, you are giving us a fighting chance with all this knowledge you are giving out
God bless you bruh
I have to write this commend , I just need to open myself to somebody …
Im 20 yo , doing trading for 2 years . Didnt make a single penny all these years , spent too much money on it . Working like nobody does on this world 100% . Im on charts every dan and night at least 5-10 hours , there was not a single day off .. Also startred my second job this week , work on construction and another job , booth really tough and hard for the body , I think today I pushed the limits , worked too much so I got sick … today I had a mental breakdown , where I sat hours long in my car listening to music and just thinking about everything … so tired of everything , I just hope I can stay mentally strong to win this game , but man its tough.. Im lonely , nobody to talk about my problems with , people makin fun of me .. just tired of everything , would like if I could just disapeare for couple years and live somewhere wehere there is nobody .. somewhere in the mountines , thats what I need .
Brothers keep pushing , I have to think a bit about my life because this cant work like this anymore. ❤
For now do not trade 1:1 risk to reward. trade the supply and demand that Doyle teaches, but always have a 2% reward and your risk should be 1%, so basically a 2 to 1 risk to reward! A lot of trading legends like Mark Douglas or Al Brooks says the markets is basically usually 50% bearish and 50% bullish most of the time(ranging), but around 30% of the time you can predict a move with a 70-90% accuracy winrate. So basically as long as you always makes sure that your take profit is twice as big as your stoploss, a 2:1 risk to reward, then you can basically know nothing about price action(a 50% winrate trader) and still be profitable after months of taking the same looking trades , if you stick to whatever strategy you choose. the problem is that when you lose 4 trades in a row, you must not worry and change the strategy because your risk to reward is 2 to 1 and over time it will protect you and you will come out profitable!
@@superdatawolf4652 thanks brother , means a lot!
Underrated topic
6:30 11 o’clock EST/NY time?
Doyle🔥🔥🔥
Works well. No harm done losing a very small amount really, well as long as you are entering with a good idea of what you think the market may do. Currently let them hit my break even sometimes before they rip if I'm questioning the trade at all, if I can really tell it's going to move for sure without a bunch of noise then I will be more patient with changing SL.
Nearly at the 100k 🎉
I had to sub bro!. I thought I was crazy for wanting to cut my losses right after price would trigger my buy/sell stop just to reverse to my stop . Yes the main thing that’s stoping my from doing it is the one time I tried it that was a winning trade as you mentioned, but 9/10 times I have a chance to cut my loss short, but my question is instead of cutting the stop short half way , why not just have a a tight stop loss at that same spot you plan to exit if the trade reverses?. Isn’t it the same ?
It might wick out, then go your favour, or price might range and then whipsaw around your entry before going into profit, so having a tight hard stop is not the way to go. Just set a TradingView alert at the level you think price should not cross and close.
@@dee23gaming thank you bro.
1st as always
Appreciate you
8 months in, and this is the first profitable month. Thanks to you man. I'm so glad i found you early on my journey. I've been cutting loses for a week now from just seeing your results on ig, and somehow i figuerd out my self how you do it. Price action is king. Keep it up bro✊🏼
Yessirrrr
Gotta respect those laws
"Bc its no way you should be doing that" deadass how i would have been explaining the "feeling" you cant explain when trading..
First❤
When i look at my losses i see that most of my losses look the same price action wise thats why i close 50% of the position when i am in a trade and then see it happen again.
1st one again❤
hi bro.. i am from india.. pls give me the formula for pivot range calculation by trader benchh in trading view.. in trading view you will see it as complete pivot range by trader benchh.. pls let me know it
Doyle man please make video about risk managment Becouse I trade nearly 2 years still preparing for real live account believing my process, but when you put 3 trades in one setup as I seen I your stories IG makes me confused.
Fire video 🔥
thanks bro ✊🏾
Does it work for you all the time or it sometimes price just continues to the tp ?
I been doing that lately definitely helps 🤟🏾
Nice....
This video is a gem, been on the other side of this in the market and it makes so much sense now
thanksss
ROAD TO 100K ONLY 2K TO GO🔥🔥🔥🔥🔥🔥
I’ve been looking for this for a while 🔥
🔥🔥
What does 1:1 means ?
Great examples! Cutting my loses has kept me alive in the market.
i would like to join your discord, how does cancellation work if I decide to cancel?
its in your email after you join, launch pass email
Literally needed this video,been asking myself today the whole day how come doyle's losses aren't that big, how does he manage such low loses yet he is trading 1:1 with tight stops,thanks bro, let me look for these videos in the discord,however,today GU blessed me,probably won't trade tomorrow's newyork,but definitely will trade london
First
1:44 FACTS😂😂😂
🙏
On the GBPUSD trade if you look at the 10m chart it was a 8,10,&14 period MFI bearish divergence. Then 10m did the first LL break of structure after a bunch of HHs and HLs. And MFI 8,10,14 did the first clear -50 after a bearish divergence. Also, for cutting the loss early, you can do 5m chart closing under the 5EMA as a clearer way to cut the loss earlier. For the NAS100U, it was the same situation. on 10m chart it was a 8,10,&14 period MFI bullish divergence. Then 10m did the 1st HH break of structure after a bunch of LLs and LHs with the MFI8,10,14 doing the 1st clear +50 after the divergence. For the XAU trade or any trade in general, if you enter with a 2m candle opening and closing above coefficient 2 chandelier, it'll filter out some losing trades. For example, at 1140 2m had a whole candle open and close above coefficient 2 chandelier, which would've been a much better entry.
Eh?
Wtf are you talking about, 10m time frame 😂
thank you. always love your videos! I Appreciate the honestly.
PROCESS PROCESS PROCESS
💎
Im grateful that i even landed on your page through your psy videos,
I dont even trade fx,I trade options
never bought a course, signal channel
Just raw youtube/google resourcing
and youre 100% correct, its really about the foundation and actually taking action during the market
went from taking impusle trades resulting in lucky wins or really unmanaged losses to actually catching setups that i can make sense out of and repeat it
But thank you big dawg, you really putting us on!
All your shit is motivation from your daily IG post to all your YT vids.
Keep a mf like me on my toes to want better and do better
🙏🏾
first
So you also use the candle break to cut it when it goes against you also. I always considered this but I thought I'd be missing out on a lot winners. Thanks for the explanation. Waiting for my full SL to get hit is eating away my account.
How do you draw your zones ???? Which zones are the right ones to take
This video was right on time! I have been studying my losers and noticed I can be cutting them short. Great video, Doyle!
None the less those trades were all good trades, you just don’t win them all, charge it to the game and cut the losers short! Thanks for the video 🙏🏾
charge it to the game
If I get profits from my funded account, let's say $30k ish, do I continue trading the funded account or focus solely on my personal trading account? What's your take
i can only speak for personal accounts
@@doyle__e Thank you
Trade the funded account and use the profits to fund your personal account. Trade on both
I actually trade London session and I’m in full agreement, NY Session usually takes out London session start.
And London session usually takes out Asian session highs/lows… for obvious reasons.
I usually spot the start of the trend and leave a runner but NY usually takes it out.
Have you considered trading London session or is that unrealistic due to your time zone?
Good observation
In the states if on the east coast we can stay up till 2 - 3-4am to trade London.
You can also get a better idea of which direction market is headed by going down to the 1 min chart. Mastering the 1 min is definitely a must.
i just hope my losses turn back to my entry 😅
You gotta start charging for all this game lol 💪
😂😂😂