You either have a stop loss at your break-even point, or you have a trailing stop on — great! This will be enough. And this is a BIG thing to make sure you avoid.

Skip to primary navigation Skip to main content Skip to primary sidebar Home About FAQ Blog Podcast Disclaimer Contact Testimonials Contests. But they do, and we need to plan accordingly. As always, you can catch the video here, or simply continue on. Why Avoid? Forex is the beautiful game. Unlike the majority of markets, we can eliminate things we have little to no control over.

Let the others play casino games. We win by choosing not to play. Related pairs : NNFX recommends to avoid concurrent trades in related pairs. News : NNFX recommends not to trade when there are high impact news due in next 24 hours. Please note NNFX considers only some of the so-called high impact news which usually cause major fluctuations such as US NFP, interest rates, speeches, etc.

NNFX scraps some of the most regarded indicators and concepts in forex trading. Januk L — February 22, ying yang — February 22, Leigh — March 18, Your email address will not be published. Skip to content. THIS IS FREE NB: This includes third party indicators. Categories: Trading Strategies , Uncategorized Tags: nnfx algorithm , no nonsense forex atr , no nonsense forex backtesting , no nonsense forex confirmation indicator , no nonsense forex exit indicator , no nonsense forex indicators , no nonsense forex risk , no nonsense forex volume indicator.

Time frame to use : NNFX strictly advises to use the daily charts. Take profit : Take profit needs to be 1 x ATR Trailing stop : When a trade reaches 1 x ATR, NNFX recommends to close half of the trade and then move the stop loss to break even for the remaining half.

NNFX uses period ATR for all ATR uses. Baseline Indicator This is the primary decision indicator in NNFX method. Mostly some kind of line indicator moving average or other wise can be used. Signal is provided by the last candle closing above for buy or below for sell the based line. For instance if you use a period simple moving average SMA , and then if the last completed candle closes above the SMA line, then we have a buy signal from the base line.

There is much work to be done. The work, to me at least, was half the fun. Make it happen. Make it yours. Skip to primary navigation Skip to main content Skip to primary sidebar Home About FAQ Blog Podcast Disclaimer Contact Testimonials Contests. Start Here The current system has failed you. This is what you need to do. Watch the video, or continue reading on. The choice is yours! About Me If you really want to know about my qualifications here, just go to the About tab.

In This Order Early on, you need to go in the order I say. This is your next move: Binge on episodes 3 through 13 of the podcast, in order. You can do this in blog form or podcast form.

You need to watch videos 2 through 6. The most important things to know in Forex trading are… Money Management Trade Psychology Technical Analysis Trade Entries Links are to the video playlists for each topic.

You can also finish off the Core Concepts playlist as well. Lots of great stuff there. If There Is Still Confusion Please do not ask me, instead, go to the No Nonsense Forex Discord Forum. Go Get It!!

But if your question is vague, I reserve the right to turn it into whatever I want. We all want to be pros one day, right? This is an important question, a very important one actually. This is the way I have always laid out the 3 main aspects of Forex trading, in order of importance:.

Reason being, if your trade psychology is anything less than tip-top, you are going to create mistakes that should have never been there. I have no education in terms of psychology or anything like that. Every money management fuck-up I tell you to avoid is one that affected me at some point in the past.

And I can damn well assure you every psychological and emotional pratfall I tell you to avoid has happened to me at least once. The emotional transition was not an easy one for me either time. I talk about myself here on the blog and in the videos to qualify myself and to make anecdotal points to better illustrate what I have to say. Then you already know what I do.

Any guesses to how many of them got back to me? And he later became a private client of mine. My point here is, even people who are genuinely interested in what we do as traders, the people who see me with this time-rich lifestyle and would love nothing more than to get out of their awful jobs and someday have that life themselves…..

They lack even the basic, remedial levels of initiative. Their paths are pretty much cemented in whatever their level currently is.

That level may drop, but it aint ever going up. This is most people in the world. The simple fact you took the time to read this blog puts you light years ahead of these people. Because you still might be. If this is you, please make this the last sentence you ever read of mine, and politely leave, for good. On top of everything else, Forex trading allows you to demo trade with fake money before you ever invest one red cent into your future!

This one obviously one of the three, but it often goes deeper than I think a lot of people realize. Not a whole lot I can do on the first one. But Jocko can. You will feel like a lazy piece of trash, and this is a very good thing.

Accept your fate. And go watch NetFlix. Lack of discipline as it relates to Forex trading can also mean deviating from a system that works, for whatever reason that is. Unlike most traders, you at least have a framework for a system that works, and many of you are starting to put yours together. This takes discipline as well, and good on you for this.

How well will you stick with this system? Will you lose faith in it after taking a few losses in a row? My only hope is that simply having the awareness of this will be enough for you to figure out that biting the bullet and sticking to a system no matter what will always be the best long-term solution. Yes, I talk about crypto in this section. You should not be surprised. The opposite of patience is instant-gratification, and I cannot say enough horrible things about instant-gratification.

A lot of traders who visit the No Nonsense Forex YouTube Channel are the same way. They have no interest in doing things the way we do. This is great! There are dozens of Forex trading channels out there for them that will satisfy their needs a lot more.

I get it too. Nobody likes their job or their situation. I was the same way when I started. I was on my way to freedom! There is no quick way to wealth and happiness.

Seventeen people made a fortune in crypto. The rest absolutely ate their balls. They still hold onto hope based on a lot of truisms and hype. Crypto turned into a bunch of small-time nobodies finally getting that big break, becoming evangelists of their new-found religion….

to broke again because they never once had the sense to take profit at any point in time. Skip to primary navigation Skip to main content Skip to primary sidebar Home About FAQ Blog Podcast Disclaimer Contact Testimonials Contests.

But why? Trading Psychology Might Just Be 1 This is the way I have always laid out the 3 main aspects of Forex trading, in order of importance: Money Management Trading Psychology Trade Entries If you wanted to argue the order should go like this: Trade entries Bollinger Bands You would be an idiot.

But if you thought the original order should instead be: Trading Psychology Money Management Trade Entries I would have no strong case against you.

You may very well be right. And the impact this has on your bottom line can be extraordinary. Full Disclaimer So who is this turkey telling me how to act and behave as a trader? But I figured it out quickly. I had no other choice. Sound good? Trait One — Initiative I talk about myself here on the blog and in the videos to qualify myself and to make anecdotal points to better illustrate what I have to say. Often at times, they take it further and say they want to learn how. Jocko can and will kill you.

Home About FAQ Blog Podcast Disclaimer Contact Testimonials Contests.

A good trading plan is also essential for success in forex trading. Here we are giving you a summary of this method and potential set of indicators. So be a grown-up and take one of the 8 majors out of your trading for a month or two. This will give you information nobody else has had the chance to see. Just as investing styles and preferences differ, so do goals. I get it too.

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