Strategy Development Do order blocks even exist on the 5m chart?

7 Upvotes

I like the order block retest strategy. There are a lot of trading opportunities on the 5m chart for this but is this just chance?

I know order blocks work better on higher time frames. But can they work just as well on lower time frames too?

Do they even exist on say a five minute chart?

6 comments

r/Forex • u/NinjaTrue166 • 12h ago

OTHER/META Forex signals are worse than gambling.

4 Upvotes

I entered an oil sell trade on October 13 based on a signal from a trading channel. The stop loss was open-ended, so the price moved more than $7 against me. I made $3 in profit today, but the channel didn't even tell me to close the trade, so I closed it myself. Oil has now reached $96. I can't imagine how much I would have lost if I hadn't closed the trade myself.

8 comments

r/Forex • u/onepercentimprovemen • 17h ago

Psychology how do you clock out from trading? what do you do?

4 Upvotes

lets say its a trading day, markets are open. But you are done for the day / not in the right mental state to make any trades.

what do you do to keep yourself busy / refrain from taking any positions?

please share thanks! looking to keep myself busy

14 comments

r/Forex • u/sowsu • 6h ago

Brokers vantage withdraw glitch, has anyone else had this?

1 Upvotes

just to start off, i have made withdraws/deposits frequently to this same method with no issues.

today when i tried to withdraw it said my withdraw was “reverted” after 5 mins, i received the full amount no problem so i tried again but this time it reverted only gave me back around 50%…

tried to withdraw a lower amount and it went through no issues…? the withdraw was an initial deposit so it would have came back to my bank as a refund.

after these failed attempts the available refund withdraw amount is now zero (i need to use a different payment method, although it should still have most available for refund) and i’m out of pocket a good chunk of money.

support says they will have it sorted out soon but theres a lot of things online saying they can be sketchy, just looking for people who have experienced this and if it got resolved to ease my mind😂

1 comment

r/Forex • u/ProcedureDeep7013 • 17h ago

Psychology Anyone else struggle to call it a day when they haven’t taken a trade?

0 Upvotes

You sit down, mark your levels, and wait. A few hours pass and nothing really fits. But leaving without taking a trade feels weird, like you’ve spent all that time for nothing. Suddenly a setup you would’ve ignored earlier starts looking good enough.

I think that’s an easy thing to miss about patience. You can wait for hours and still force a trade at the end because you want something to show for it. The time you’ve already spent watching doesn’t make that entry any better.

What’s harder for you: finishing the day with no trades, or stopping after a loss?

15 comments

Subreddit

Posts

Wiki

/r/Forex Trading Community

r/Forex

Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and runs Volatility.RED as a resource site for traders.

Members Active

553.7k

Sidebar

Home hot new top chat

PLEASE READ THE WIKI/FAQ BEFORE POSTING ANY QUESTIONS

THE WIKI AND THE FAQ

Hall of Fame Threads (really good education within)

Live Trading Chat

Subreddit Rules:

1 - No off-subreddit discussion (soliciting for DMs,) or promotion of your trader group or chatroom.

Comments must be related to the question. No attempts to take the discussion off the subreddit are allowed (via PM, 3rd party chatroom, etc.)

No posts promoting your 3rd party trader group or chatroom.

This is a zero tolerance rules, and will result in a perma-ban without the option to appeal.

2 - No external links or mentions to video sites (YouTube, etc.) Videos must use Reddit Video embeds.

Posts to video sites, including YouTube, are barred.

This includes direct links, and recommendations to watch a video, or a description of how to get to the video ("look up so-and-so on youtube, thank me later")

If you want to post your own content here, you can do so using Reddit Video embeds, so long as the video does not include mentions of external sites (calling out your social media / YouTube accounts.)

This is a zero tolerance rule, and you risk a perma-ban for not following it.

3 - No Promotional Activity or Advertisements

Do not self promote here. Doing so risks your brand being blacklisted by our spam filters.

Any promotional activity will result in a ban. You will have limited ability to appeal.

4 - No Promotion / Linking / Mentioning of your Social Media (IG, FB, Twitter, etc..) Accounts

This goes along with the rule about not taking the conversation off-site. Dropping your IG link will get you banned. Period.

5 - If you post a chart setup or trade idea. (Post Requirements)

You must be willing to explain your analysis and reasoning for any given chart or trade you post, or else the post will be taken down.

Empty charts without annotations are useless.

Subjective reasons for a trade do not help others learn or understand what you are doing.

Provide practical and tangible reasons for your trade / chart setup so people can follow along with you.

6 - No Signals / Signals Promotion

This falls under the posting charts rule where you must provide a detailed overview and context to your trade, but specifically singles out the posting of trade 'signals' with any commercial intent.

7 - Keep It Professional and Friendly!

No insults or attacks of any kind. Abusive posters will be banned. We don't care if they called you names first; report the abuse to us and we will deal with the offending party (getting into a name calling spat will likely just get all parties involved banned.)

8 - No Gain / Loss (P/L) Porn

We don't care how much money you made or lost. Context is everything, and risk metrics matter. Do not post your P/L Porn here unless you're prepared to give a detailed account of your strategy and all factors that went into generating said P/L.

9 - NO CRYPTO - We are not a crypto sub.

There are a plethora of subs devoted crypto topics. We are not one of them.

This sub deals with fiat currencies backed by governments.

Even if your forex broker offers Crypto CFDs, it is still considered off-topic here.

10 - MEMEs are for weekends only!

General idea: Business during the week, party on the weekend. MEMEs posted during the week will be removed, and MEMEs posted on the weekends will stay up but may be removed once Monday starts.

When is the weekend? from 4:30PM EST Friday, to 4:30 EST Sunday.

The ONLY exception is bank holidays when markets are either closed or illiquid with little trading activity.

11 - Mods can remove posts, comments, or ban users at their discretion. Do not argue with mod decisions.

Even if no rule was technically violated. The mods reserve the right to scrub posts, comments, and users from the subreddit in the spirit of keeping the community clean and without bias.