This is a trader question from the Fibonacci Trading Forum.

Hussam says:
What part of your trading do I need to improve?
- Choosing the right chart to trade, or when to leave a chart in peace.

Neal responds:
Part of your trading plan is to define your setups. You’ll have to monitor your charts until the setup develops and a trade triggers. If the setup evaporates, or the trade isn’t triggered, move on to another chart, or look for another setup.

If you can clarify your setup, it should be easier to decide which chart to trade, or whether to trade it.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Hussam says:
What do I struggle with the most?
Trading in a consistent manner. I use 2 strategies; Fib + TRSI for trading with the trend, another for reversals. Looking for 2 set-ups probably makes me misread the charts. Very dangerous, because I find myself going against the market.

It definitely sounds like you need to choose one strategy for a while and stick to it. Having too many options can be confusing. Only after mastering one strategy should you diversify.

Spreading your attention over too many priorities can be counter-productive. There are so many ways to trade and so many opportunities!

-Neal.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Kim says:
What is not working for me now?
Lower time frame. I want to trade on higher time frame.

The lower time-frame does contain more noise. There are compromises to be made, whether we trade the lower time-frames or the higher ones. For example, higher time-frames require more patience, usually have more distant stop-losses etc. Finding the time-frame that suits your personality is very important to your performance.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Kim says:
What would make the biggest difference to my trading?
A well defined trading plan based on Fib study/TRSI that define the entry, stop loss and profit to avoid any emotional act.

Great! I think this website will help you develop your own personal trading plan;

http://www.fibonaccitrading.com

No two traders are identical, so every trading plan will have it’s own variations. Use the outline on that website to formulate your plan.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Kim says:
What causes me the most difficulty?
Where to take profits and managing the stop loss.

I have several specific strategies to help with this. Most traders focus first on entry technique, ignoring the problem of exits. It is a comment on your advancement that you are giving attention to the problem of exits. We can cover some of these strategies in our member webinars.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Neal asks:
What part of your trading do you need to improve?
Kim replies:
Trading psychology.

Neal responds:
Congratulations! You’ve discovered another “secret” to trading.. Trading is a complex activity, involving sometimes difficult decisions that can be effected by our emotions, and can have an effect on our emotions. Knowing how we react to risk, reward, and stress, and learning to control our behavior to make the best trading decisions, is part of the journey.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Kim asks:
How to make winning trades consistently?

Everyone has that question! Of course, this is the goal, to come out ahead, over time, and with consistency. Consistent profitable trading is very difficult, and everyone, even the best traders have to deal with periods of losses. The solution is complex, and the problems vary from one trader to the next.

Give it time. There is a lot to learn, skill and experience are not downloadable. You will get there if you plan for the long haul, watch risk. Your first priority is survival in the markets.

Since I know you already have a lot of trading knowledge, I’ll post your question for other traders to benefit. All traders should define their interaction with the markets, via a trading plan. This website is intended to help traders create their own trading plans.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

A trading plan is a strategy that traders use to define their activities in the markets.

Since each trader has their own personality, a trading plan must be adapted to match the goals, trading style, and personality of each trader.

This website is intended as an educational resource, to help traders build their won trading plans.

This is a trader question from the Fibonacci Trading Forum.

Martin asks:
I seem to be waiting for the optimum trade and then do not pull the trigger, but then see it go the way I thought it would.

Neal responds:
There are several primary causes of this problem;

Lack of confidence.
Fear/Risk.
Over analysis/indecision.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)

This is a trader question from the Fibonacci Trading Forum.

Martin asks:
I always try for a 2-1 ratio but because i trade the daily and 4-hour, the risk is quite high.

Neal responds:
Aah, the risk/reward ratio, one of the most frequent causes of failure! Trying to force your trading to fit an arbitrary ratio can be very difficult and very detrimental to your capital.

The market doesn’t care what your favorite ratio is. Traders must be flexible, and adjust trading decisions to accommodate a variety of conditions.

We’ll discuss this in a future Fibonacci Trading Forum webinar.

-Neal (FibMaster’s Fibonacci Trading Course)