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3 thoughts on “Can one make money from forex trading at 60% accuracy?”

  1. Daniel Ku Guet Liang says:

    Thank you for sharing this, Sir. I have a questions though:
    1. I notice from the record of winning trades, there are a no of trades without SL nor TP lvl
    2. I also notice from the record of losing trades, the SL are pretty tight (in view of taking the trade from H1 or even H4)
    I struggle with a no of trades with SL getting hit. How can I trade like the trader above? Any thought(s)? Thank you.

  2. Soh Tiong Hum says:

    Hi Daniel, Good observations. I talked to this trader and this is what he’s doing:
    1. He puts in a mix of positions on small time frames and big ones. It is not obvious from these statements but it’s there.
    2. On smaller time frames, there are tight SLs. (He also does limit orders which makes it attractive to have very tight SLs.)
     
    3. On larger time frames, he practices mental hard stops. He has a strong conviction of success so SLs are not placed for fear of getting stopped by slippage. Instead he observes price action when price reaches SL levels. Sometimes, the outcome is no trigger on SL and sometimes outcome is worst SL.
     
    4. Same for TPs. This person has a habit of shifting TPs which I don’t encourage but he’s doing it.

    1. Daniel Ku Guet Liang says:

      Thank you for the sharing, Sir.

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