Disliked{quote} This is like saying when you buy a lottery ticket the chance of success is 50/50.Ignored
My signature is: "Classified".
You talk the talk I walk the talk 8 replies
Anyone use esoteric analysis methods for timing? 12 replies
Test of some of my esoteric observations 31 replies
I Don't Like To Talk Too Much 45 replies
How much profit is too much for brokers? 4 replies
Disliked{quote} This is like saying when you buy a lottery ticket the chance of success is 50/50.Ignored
Disliked{quote} The 50/50 chance you have only when your TP is just as big as your SL. When you increase your TP then the chance that it will be hit by price before your SL is hit is accordingly lower.Ignored
Disliked{quote} This 50/50 thing is only true when you have no real purpose to ones method of trading.unfortunately the majority are in this situation of it being a 50/50 chance and considering the spread eventually they will loose. For those few that are consistently making gains this 50/50 thing is incorrect.if you are able to determine when the market you trade is tilted in favor of buyers or sellers at a given moment the probabilities shift towards buy or sell.little like the weighted coin .if you are able to control your desires to be in the market...Ignored
DislikedOne of the biggest problems in this game is most are not looking at the right things.so much time and effort is spent on indicators that one is directed in the wrong focus. we need to concentrate our thought towards measuring ,quantifying the strength in buyers and sellers.Ignored
DislikedThis would appear to be valid: Losers = "Move based" mentality Winners = "Account based" mentalityIgnored
Disliked{quote} Well OK then if thats working for you. I have no idea what to make of that.Ignored
Disliked{quote} The idea is that if one should be spending any work and effort in finding a trade opportunity, it makes no sense whatsoever that the result should be a loss.Ignored
DislikedOne of the biggest problems in this game is most are not looking at the right things.so much time and effort is spent on indicators that one is directed in the wrong focus. we need to concentrate our thought towards measuring ,quantifying the strength in buyers and sellers.Ignored
Disliked{quote} But how can we quantify the strength of buyers and sellers? When I see a green candle I know for the past that there have been more buyers. Then I decide to jump on the train and also buy only to find out that prices drop and hit my SL. Then maybe I try to buy at any red candle in hope that prices after this red candle rise again (taking a MA as guidance only when closing prices are still higher than this MA I will buy) only to find out that prices will fall down much more. So seeing for the past (green, red candles) where...Ignored
Disliked{quote}the tip with the trading journal is good although my motivation to keep track of something that I do not even know if it will be profitable is low. But it makes oneself probably think more deeply about the reasons to take a trade.Ignored
Dislikedhey diceman, in regards to what I wrote and your response on the last page, I realized that I did not express myself corectly, in the instance that you take a position whenever you feel like it yes, then obviously the odds will never be 50/50. I was talking in the event that you allready have a strategy that does give some sort of correct signals, then you would still have a chance o 50/50 of succes, I witnessed many ocassions when let's say everything was lined up, indicators, pa, resistance or what ever you want and then some guy say a thing that...Ignored
DislikedI don't know why ppl here keep stating the obvious like: Supply and Demand, trend lines, support and resistance shit, market profile crap, candlestick hocus pocus...etc. There's only one thing in common you'll find among successful traders/ big players; Consistency...Make it your only trading goal..look for consistency!! Ignore anything else about the market..Screw the market and how it works... You're here to make money, not to predict the future...So, look for a method/strategy or whatever way that would make you consistent on the long term and...Ignored
Disliked{quote} The problem is you can be very consistent with a losing strategy. Consistency is also one of the non-saying expressions in the forex world that doesn't help anyone who still has not a winning strategy. Reversing losing strategies might be an approach but the consistenly losing strategies are just as rare as the consistently winning strategies. And to make money I have to predict the future. I always hear that I dont have to predict the future because I am here to make money. The latter one implies that I am able to predict the future until...Ignored