he, alone, was to blame for his losses in the zero-sum game
- Joined Apr 2009 | Status: Live and learn. | 21,826 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
Why your broker is your friend and your enemy 4 replies
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Disliked{quote} jajaja good joke. i was watching how Python eats Alligators and i came up with an idea to use the aligator system combine with other system. the problem with what i found ,is that on side way markets i get a lot of false signals. what is the best indicator to filters side way false signals? https://www.youtube.com/watch?v=dVRhRzE_AkQIgnored
DislikedHey guys, Im a junior member, i cannot post my own thread but my question somewhat relates to this thread. My question is, i am focusing on becoming a day trader. I have made small trades in the past basically scalping. I plan on investing $200 a trade and focusing on trading 3 currencies. Does 40 pips per trade sound reasonable if i am able to spot a trend? Im still trying to develop other strategies, i would appreciate if someone can help out Cheers!Ignored
Disliked{quote} best answer? don't trade sideways markets. rule #1, in my book, trade with the trend - there's no trend, i don't trade...Ignored
Disliked{quote} i mean how to filter false BO. This the way that i trade fibs level> i use weekly to avoid the noise.The big picture. 2.i use the 4 hour chart to enter my trades,base on my weekly fibs. 3 If i see a bounce from 886 level ,i get in. In my las set up,price is bouncing and tested the 886 twice ,and failed to close below it Sideway market from my weekly point of view. You can trade this market if you see that price action cross or touch the 886 level using the 4 hours chart ,but the price fail to close below the 886 level or close back above...Ignored
Disliked{quote} Hi Comoestas... I don't know if you would consider this a filter, but perhaps some additional rules to consider before getting in to the trade. I don't know much about fib levels so unfortunately, I can't comment on that, but here's what I am seeing when I look at EU using price action analysis... Weekly chart analysis... {image} Daily chart analysis... {image}Ignored
Disliked{quote} instead of determining how many pips is reasonable...since this is totally arbitrary, i would start with what dollar amount you are willing to risk. then set your take profit target at three times this amount. secondly you need to figure out where to sensibly put your stop-loss for your trade. based on what makes sense. FOR DEMONSTRATION PURPOSES, I WILL POST A CHART BELOW OF AUDJPY...THIS IS NOT A RECOMMENDED TRADE, JUST FOR ILLUSTRATION PURPOSES... {image} I have customized my fib tool to allow it to simply measure stoploss/take profit...Ignored
Disliked{quote} Good job. you are good reading price action. can you please explain your entry and exits rules and what is your specific system? thanksIgnored
Disliked{quote} I have been trading for a little over 5 years (with about a year's break due to divorce and needing to get away for a while), and of course, like anyone, my win/loss rate has been variable over that time. however, in the past year, i have consistently won about 63% of trades. it would be higher actually, because since i trade with the trend, i am correct about direction that price will move (almost always...close to 100% of the time). However, there are still opportunities to lose by, getting entry wrong, doubting yourself and adjusting...Ignored
Dislikeddemo long 10 dia marck 16 178 puts long 107 put delta -70 this is the faster way to make a millionIgnored