Ok so near miss for me and a pefect example of trading carefully. This is also why negative news release doesn't always have the desired effect on it's nation currency. Is this a spike as a result of emotion? Now we wait
Another new student 6 replies
Forex Without a Job (College/Uni Student) 35 replies
GusForex - College student on a mission 2 replies
student needs answers to some questions 5 replies
My Dealer Handbook 0 replies
DislikedTo be fair, you need to compare apples to apples, the average losing trade is 385.07 and the average winning trade is 145.24 giving a ratio of 2.65 - not as bad as the 5 times you highlighted.
The single, large loss maybe attributed to a news event perhaps; eliminating that, the other 3 losses would average 272.59, bringing the ratio down to 1.88.
With the win / loss ratio of over 90%, there may still be some hope, don't you think?
Perhaps, as you mention, the sample size may be too small to gain a significant understand of this "style"...Ignored
DislikedWhile you boast high accuracy, I can't help but wonder something. What does a gartley actually mean "behind the charts"? Like, what's happening in the physical world for this "pattern" to come out? Or on any of the indicators.
You say "learn to draw fib", but can you explain what's actually going on in the real world? I think most people don't understand the fib idea at it's very core, which is, more often than not, a way to maximize something like sunlight for leaves. I see a wave, and I try to think of who's trying to maximize...Ignored
DislikedHey 9er
You are doing an amazing job that has captivated many a trader as u can see by the amount of people always viewing ur thread
People will always want to challenge an opinion it's in some people's nature
Lets ignore the critics and concentrate on a collaborative education curve for everyone
Thank u for your time an efforts
Over and outIgnored
DislikedSure, 9er's method may well prove to be profitable and he is putting everything out there so not a criticism of him at all. It just amazes me that the first few pages none of the posters mentioned the sample size and large loss versus average win, either they didn't notice or just don't realise the significance. So many people are ready to jump on the guru wagon without a second thought. Just want to make sure people know what they are looking at behind the impressive equity curve.
I hope 9er is profitable. People make money in alot of different...Ignored
Disliked9'er may I ask when you said you didn't take that trade for 3 reasons. If those reasons are not there to not take a trade and all indicators line up, and you like the last candle, no resistance in the way, can you take the trade even if it doesnt form a Gartley or Butterfly or fractal pattern?
And to my Forex brothers on this thread, may I suggest, if you aren't sure if what you are going to say might be taken the wrong way, maybe its better to stay silent. This thread is going to grow to monstrous size soon and we need only the steak, lets trim...Ignored
Disliked9'er may I ask when you said you didn't take that trade for 3 reasons. If those reasons are not there to not take a trade and all indicators line up, and you like the last candle, no resistance in the way, can you take the trade even if it doesnt form a Gartley or Butterfly or fractal pattern?
And to my Forex brothers on this thread, may I suggest, if you aren't sure if what you are going to say might be taken the wrong way, maybe its better to stay silent. This thread is going to grow to monstrous size soon and we need only the steak, lets trim...Ignored