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- Statistical analysis of trading (PA, MM and more...)
Hello, I study statistics and forex is my hobby. I would like to share my observations and analysis ...
I run a quick test what is more likely: - two candles in the row pointing the same direction (i.e. two bear or two bull candles in a row) - two opposing candles one after another (first bull, than bear or vice versa) I used daily chart reaching ...
Story #2: is 1% per trade bad for your health? The longer I think of it the deeper it gets. In simple terms - only when your method is 50% accurate (i.e. you are BE in long run), constant risk (1% of your initial account) may be better as it keeps ...
Hello, I study statistics and forex is my hobby. I would like to share my observations and analysis ...
This is correct, sir. What I have noticed - first trade or two are good and reasonable, but after that crazy part takes control over your brain. I also noticed, that trading "off my first glance at the chart" gives me best results. It is dangerouns ...
True - that's why I look more kindly toward higher TF 4H, Daily (30M maybe for confirmation) and 50-100 pips mental targets. And you don't have to enter the market that fast...
Well said. I believe the same. I would add that I consider methods as point of reference rather than instruction to follow step by step. For example if I use pivots - it is mostly to see if price moved "far" from the top. So if price pierces level ...
Intresting chart - profitability by hour. I liked one I had of my trades - profit size depending on time I was holding my trades open, and (excluding those that would hit SL anyway) i noticed that there is no point for my style to move SL to break ...