SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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Dislikedthe method here involves reversing a position until you are on the right side of the market and price leaves the area you have drawn "the line in the sand".
However the bigger the hole you dig for yourself the further the market must move to recoupe the losses.
A way round this would be to double your position size each time you reverse. So for example say you use a 4 pip SL and a 6 pip TP. We KNOW for a fact that the market will move more than 16 pips in a day, Therefore in theory this is a guaranteed way to make money. In theory...
i reality...Ignored
Disliked?
why would you do that... ever?
why not at least wait until you have churned enough losses that you have no chance of recouping if the expected and latent unfulfilled range finally develops?
the point is that you have x amount of pips potentially to lose before you have no chance of breaking even for the day. martingaling yourself after each loser is never an answer, and never will be, and in fact defeats a big part of the whole point of defining a reference price to trade away from with expectation of a daily range to follow. this is...Ignored
DislikedI never said pick random areas to trade this, in fact i traded a method similar to "lines" last year for several months, drawing the line where I believed the market would not stay, at strong s&r or after the news for example.
But no matter where you draw the line, there will be times when the market moves sideways in a tight range and you will be chopped to pieces. The more times your stopped and reverse your position the further the market has to go to give you yor money back.
what i said was that in theory if you doubled your position...Ignored
Dislikedi get that, but what you have missed is the part where this can be built around ATR. once you have lost the amount of pips as is expected for the daily range then you have lost for the day, so to speak.
martingaling will reduce the number of times you can lose to a handful of trades PLUS you also lose your account, as opposed to what is being suggested here which can give you as many or more times to potentially lose individual trades before quitting for the day and in the end you will only be down x pips / $ instead of your entire...Ignored
Dislikedhello Line in the sand,
Thank you for sharing your very interesting method.
On average, how many times do you have to swap before you earn enough to hit ur profit target and erase your loses?
best regards.
-guandiIgnored
DislikedSometime ago I was testing a similar concept based on the belief that we dont require to predict/follow 'direction' per se, but all that is needed is to simply have movement/volatility that takes the trade into profit.
I mean, if one was to place a random line on a chart with his eyes closed, and looked at what price did at such line, then we always find a reaction, irrespective of supply/demand or watever.
Price always moves to and from the line (keyword: Moves)
So long story short, exploit the movement, the volatility, without considering...Ignored
DislikedA way round this would be to double your position size each time you reverse.Ignored
DislikedHello Line in the sand,
reposting my qn again, are you still using your TCD for this current system or it is irrelevant to this system?
looking forward to learn more about your line in the sand system.
thank and best regards.
-guandiIgnored
Disliked...this is why 'line' keeps mentioning the volatility events, and why just picking random areas to trade from is potential folly.Ignored
Disliked...martingaling will reduce the number of times you can lose to a handful of trades...Ignored