No tree, it is said, can grow to heaven unless its roots reach down to hell
Money management in trading - the stupid way and the right way 22 replies
Hard Way, Easy Way 115 replies
Is the martingale way the only way in Forex? 34 replies
Simple Way is the most advance way... 11 replies
2 Way VS 1 Way Analysis 9 replies
QuoteDislikedIt is the explosivity we need to avoid.
Quoting JaymantosDislikedI cleaned up my charts from all the indicators I had put there.Ignored
Quoting JaymantosDislikedShould I have go higher timeframe to try make more sense of that range?Ignored
Disliked{quote} Hi Jaymantos! Don't you think it is a little strange? You have removed all the indicators and start drawing rectangles instead. I mean do you think your problem was about indicators on the chart? May be it is better to audit your trades to find whats the problem. {quote} For me (I'm trading only 1m) bigger TF = smaller lot size = bigger DD = less profit = bigger losses = less opportunity to recover = too much time spent etc. Anyway if you feel comfortable to trade 1m why not. I know one trader who is pretty successful trading 30m and moving...Ignored
DislikedIf I understand this correctly, the important part about trading is to build the strategy around something in the chart that allows to control the risk (loss)? i.e. A place where price is likely to turn one way or the other... ?Ignored
Disliked{quote} Yes, exactly that. I trade reversal patterns, for example. Basically what venivedivici is talking about in his thread. When trading reversal patterns, e.g. along a support/resistance area or a channel (which is basically the same in diagonal anyway), or mean reversions, you can put a lot of effort into probability analysis, e.g. by studying the price action both in the reversal itself and in the previous leg. All of this isn't wrong, but it also shows something else, namely the sweet spot between probability and risk vs. reward...Ignored
DislikedIf you can wait, wait longer you will get a daily picture. {image} .. and yesterday. {image} In my starting phase i was to impulsive and want draw all the chart. Price touched a level and run away. I feel i was too late, level never again is visit by price, but often it will come back, not in the next five minutes, but hours later. The problem is the waiting for a clear picture, for the revisit.Ignored
Disliked{quote} Interesting Michael. You are saying price comes back to these ranges later in the day? So one could technically load outside the range betting on revisiting the range again (or simply scalping in the general direction of the range providing better probabilities to the trades)? Here's a pic to illustrate what I mean : {image}Ignored
Disliked{quote} I let the price make his work first. Means I wait for price is creating the important level for the day. Later in the day, I wait on these levels for the trades. I rarely have more as two lines in m1. If price do not touch my lines back, I am fine with it. In future it will be do it again. Today we have a range happen in eeurusd, so as you can see you can open an order to the other side or if break through take the revisit to trade the further moving. What is a range? Both sides are for the moment are happy leaving price at a place. Only...Ignored
DislikedWe have an inversed edge in my opinion. Why is that? In my opinion it is a learned behavior. Once we "somewhat" understand the game at hands, we fall into predictable behavioral traps. We try to avoid losses at all costs and we try to avoid uncomfortable situations.Ignored
QuoteDislikedThis is where the career already takes the wrong turn because far too much time is spent on probability.
QuoteDislikedAs far as psychology is concerned: Read Trading in the Zone and I can also recommend the articles by Brett Steenbarger
QuoteDislikedI hope that clears it up. I try to dig up some pictures tomorrow.