Everything everybody says is partly true and we should give a benefit of the doubt and wait for the results. 100 trades on M1 should be completed soon. I will make my subscription here and wait for the results and pics to see.
When does a finace behavioral starts and when it ends?
When the irrational one comes in?
When does the "excessive sentiment" appears and how brief are those periods?
Not to mention that prior of all this, you need to create "your own trading world" wich is extremely subjective.
It's all kinda of large scale fractalic illusion IMO
Chart accumulation/consolidation followed by breakouts or spikes, or OB/OS situations followed by ranges, are the fair expression of all momentary market phenomena,
...all, from greed and idiocy to monetary policy actions.
The chart is the "right" sum of ...everything.
And the true dosage of inner market resorts is unpredictable for all.
Therefore, it's all more about guessing... up or down? how high, how dip?
It's not game of dice, it's even poorer, it's a coin game.
An up or down game.
Name one single relevant factor wich it repeates itself often like 60% few years in a row.
Anything, macro economics, political, technical !
True, any dumb idiot knows to buy a rate hike on some green positive data printed ...or a trend line. But if it would be that simple, after few weeks of training, the average Joe would make a fortune having a constant winning rate after creating a personal setup, defined "extreme sentiment", "trading world", whatever subjective stuff, all the same.
But I am affraid this is not it.
I'll stay to my original judgement. No technical edge on long term.
all retail forex traders are idiots.end of discussion. Here is the truth. I wasted my life ,listening to forex idiots. You buy eur usd , it hardly moves more than than 30 pips , dax moves within minutes and daily 150 appx. Wasting time.
Now I told you the truth , you can all have me banned.I can live with the truth, you can't.
Are we all idiots .Yes!
Indices offers a a 67% to 33 % edge.
Because they are all supposed to grow ...until they crash
Bank deposits, private pension funds, Black Jack... are also another kind of games different than FX and coin tossing
I trade forex ,not like retail idiots,but like real professional currency traders.
75 robots expert advisors made into a consistent EA
The idiot in my head is making me do reactive trades ,like this guy throwing punches. I throw punches at the market.
I guess if you're looking at it from 100% mechanical approach. either 1 or 0, 100% of the time, then you're right; the game is more or less a guess. i don't think a pure 100% mechanical strategy has ever survived. I'm in the school of thought that trading requires a touch of subjective execution.
But then this leads to question, when is subjective approach to the market is appropriate without dismantling your original strategy? How do you separate good subjective execution and outright breaking the rules from lack of discipline or from tilt?
this is the part of trading that you cannot teach. it's one of the those 4th dimension aspect of your trading rules that develops itself from experience. It's similar to developing your poker reads over time. You need to know your "opponent" ranges and their tells as you play the game. It's not always right and the rules are never static for every opponent/session, but you NEED it to actually separate yourself from the amateurs.
The market is a device for transferring money fro impatient to the patient.
Take a moment and find the group you belong to.
The idiots are being educated/trained to become impatient and taught charlatan education, by the merchant's men, so they do it of their own free will.Forex is rigged.
A power outage occurred last night, luckily my TP was hit.
As I don't use any hard stop on the demo.
most of us search internet and find one strategythat everyone seem to like and we try it and get one to four good trades, get excited and one bad trade disappoints and we conclude that the strategy is lacking something and we go straight to google . find another. did you prove that it is not working, a BIG NO
NB. learn to accept losses that its part of the game.
change the heading of this thread and be positive in your thinking. there is hope
No person is an idiot.
Well, I build what I like to call reasonable setups based on simple classical S/R levels.
The rest is pure experience. I mean I really can't tell how I make trading decisions.
That's right, I can't teach nobody, I can't even explain hindsight why I did this or that... that's why I guess technically, I can be called a fkn addicted gambler, ...an idiot playing on guts.
The only sht which might possibly make a difference is the slow account rise, about 14% monthly, as a mean of the last 2 years (with variations like +45% ...or -10% if a bad luck month)
Mediocre, while we can see TEs on FF guys who can make +2,000% in a month! ...but who the fck knows if they can hold on long term with their martingale fashion
The problem of all of us here is: That we are gathered here as in a schhool all childrens from 1-st class up to doctor, and we try to understand ech other, but all from different edges and different profesions (i say different profesions because from 1 way to another way of trading in between is 1college).
My advice to youngest is to: Stay aside read and follow and collect see what works what not, and these try to get expertice in 1 pair because reasons wich move 1 pair compared to another 1one are totally different.... good luck
well shit..sometimes i can't show my work..but i know i'm right lol
I was looking at your stats, you're out of the trade on average 8 minutes. I bet I could offer a piece of advice that will double your current progress immediately.
at 1 min bars, you should definitely take no more than 2-3 pips. with a say 12 pip stop. your conversion rate will increase exponentially.
but dont trade outside the US and EU sessions.
Basically just using the 1 min chart because if I can stay in the green with all the noise , extreme commission , bad entry due to not quick enough reaction etc than I'm pretty sure I can make profit from the higher time-frame atleast that's my reasoning.
It also me to get a decent sample size quickly.
also , does anyone else experience alot less noise on indices compare to currency?
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