DislikedIt should be obvious by reading this thred that Martigale in trading the FX markets is a loser's game.
I believe the original question was "what really works through the test of time?" Well the answer is simple....Ignored
Is there any EA that really works in a live account? 29 replies
If it works, it works... 3 replies
Is EA really works? 2 replies
can someone explain to me. how is trailing stop really works!!-please see the example 4 replies
Does a strategy that works for the rest of your life really exist? 21 replies
DislikedIt should be obvious by reading this thred that Martigale in trading the FX markets is a loser's game.
I believe the original question was "what really works through the test of time?" Well the answer is simple....Ignored
Dislikedso do me a favor define price action... and then explain it. dont worry i know you cantIgnored
DislikedMy definition of price action would be the following: A series of price movements both up and down defined by a given amount of time. (1 min - 1 day - 100 ticks).
Explanation of said definition: [i]The movements seen in any given time frame no matter how long or short represent individual traders or insitutions expresing their believe or speculation about future price movements. If the volume of buys is greater than the volume of sells the time frame will be bullish. If the volume of sells is greater then the time frame will be...Ignored
DislikedAs you first requested here is MY interpretation of the chart you submitted.
There are a series of higher highs and higher lows that formed a bullish trend. However most recently, that trend seems to be at the point of reversal. Price retraced and has now formed a new lower high and has now moved below both the trend supprt line and the low of the most recent low point (thereby forming a new lower low).
[i]Lower high & lower lows = bearish sentiment. This could be the start of a new bearish trend but until you have a SERIES of...Ignored
DislikedAs the title shown,
I'm been thinking .... (cut long story short, below is what i shared in other post/forum)
[color=Blue]This is just my observation/opinion:
- Seems every strategies have their strength/weakness, for all strategies that used indicator, it's just a matter of time market sentiment changed and the indicator might not be effective.
- With above statement is true, only a few strategy that can be used throughout time : one of them is Without indicator.
- Without Indicator , there;s only 3 i knew (feel free...Ignored
Disliked
thanks i like it when people say trade PA but no one knows what it is and if they do they couldnt define it ... PA generally means trade hiow you feel about price...Ignored
DislikedIf I may,......
PA is a movement of the price, but you are right, it is how I feel about it.
I don't see this as a bad thing though.
In my minds eye, I see traders worldwide ready to pull the trigger.
My job is to figure out, most likely place and time when most of them will hit that "enter" button.
Discretionary? Yes...
I believe my brain is better equiped to recognise right time and place, then any EA.
Answer is psychology, not math.
It is my opinion, but it works for me, and thats........Ignored
Dislikedits not a bad thing... a bad this is saying doing this is a surefire way to blow your account... being directed towards a style its like saying my martial art is better then yours so you fight to ko to see whose better but in the end the martial art is a martial art and the person who one has just practiced his longer and is more skillful. Discretionary is awesome ... Im a numbers guy i run numbers like numbers and trade random numbers all day long is it any better ? no not really.Ignored
QuoteDislikedI'm sorry you have taken such great energy to denounce or minimize what most consider a legitimate from of speculation.
QuoteDislikedBut to clarify a couple of things. You are quite correct, price action, IS price chart and learning to understand the "randomness" that come in this chart is extremely difficult but abundandly simple.
QuoteDislikedYour revelation that the submitted chart was random only supports this fact. Price action is random but our ability to interpret that randomess can allow us to make decisions that are right more often than they are worng. Assuming that you make more money each time you right, is what those inclined toward math call, an "edge". But often this assumtion is misleading...that's a whole other topic.
QuoteDislikedA derivative of this math (probabilities) is commonly used in gambling....
QuoteDislikedLearning to interpret price action IS descretionary at best....
DislikedIt is the poorest risk vs reward scenario. As your losses build your risk X grows far greater than your reward which usually remains as the initial variable. You do get your reward eventually but that depends on how deep your pockets go and your margin setup. In the end though it takes that 1 extra loss and your account is busted all in attempt to gain that "initial variable"
RazorIgnored
DislikedI think you can see the wrong wording in the title itself "what has worked through the test of time" as if there is one mystical answer the answer is money management and discipline .. I can trade coin flips and make money im sure with great MM and discipline unfortunately not much is discussed about Money management and exit tactics.Ignored
Dislikedtrue martingales realize their edge and their money management and how it works together…… curtis faith talks about edge from entry and exit and the strategies to buying and selling to create edges from randomness....Ignored