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"But how to know when to enter or exit a trade? Well, since there is no way to predict future development significantly better than pure guess, you can use anything, any indicator, candle, signal provider, or even to ask your 5 year old daughter: „Hey sweetie, what do you think, will JPY rise or fall today?“ If she says it will rise, you buy it, 1 or 2% risk, SL 100 pips, TP let’s say 300, and after you open it don't touch it until it hits SL or TP, no matter if indicator give opposite signal or daughter changes her mind.
If you are disciplined to do it with no exceptions for 500 or 1000 trades, you will have high probability of making nice profit, because forces that drive markets will be the same, and law of probability will be on your side.
Secret of success is in discipline and RRR, indicators and complicated strategies can be useful, just don’t allow them to distract you from these important concepts!"
Whole article here
"But how to know when to enter or exit a trade? Well, since there is no way to predict future development significantly better than pure guess, you can use anything, any indicator, candle, signal provider, or even to ask your 5 year old daughter: „Hey sweetie, what do you think, will JPY rise or fall today?“ If she says it will rise, you buy it, 1 or 2% risk, SL 100 pips, TP let’s say 300, and after you open it don't touch it until it hits SL or TP, no matter if indicator give opposite signal or daughter changes her mind.
If you are disciplined to do it with no exceptions for 500 or 1000 trades, you will have high probability of making nice profit, because forces that drive markets will be the same, and law of probability will be on your side.
Secret of success is in discipline and RRR, indicators and complicated strategies can be useful, just don’t allow them to distract you from these important concepts!"
Whole article here