DislikedWhile swing trading is of course a traders option, this skews and adds far more thought and decision making than is the threads intent.
I believe Indrek already has a thread for those more inclined to trade the method in a manner contrary to its intended purpose. There are many here who still seem to think trading Nitro at +10 is a valid option. Well, it sure is, however, that is not the threads intent and therefore detracts from the focus and perseverance needed to learn to trade it as designed.
As we have seen in numerous postings, a considerable...Ignored
But what Edge is teaching is a method that can be leanred by anyone in a VERY short time and has HIGH probability of wins because you are only going to take a fraction from any move!
This week, as usual, I let myself get stuck in a couple of swing trades. As usual I finally gave up on them and as usual they reversed and went my way 5 minutes after I finally bailed. So now I am down a lot. I re-focus and just do the simple simple method Edge has been trying to teach .. and by the end of the trading session I had made back all my losses 2 to 7 pips at a time.
I finally GOT it! If a pair is going to move 10 pips it has to move 5 first. If it is going to move 50 pips, it has to move 5 first. Whether or not it completes its journey to +10 or +50 or +100 .... the probability of it making the first 5 is very high .. otherwise it would not have signaled a move according to your primer-trigger of choice.
Simple primer-trigger. Simple money management. Simple compounding trade size as your confidence level grows.
Can it be any simpler?
Then why the %#&$ does everyone want to complicate it?!
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I'd rather make money than be right.