Entered this pair last last night and down 60 pips...I may have jumped the gun too early..Never mind ... Ronald {quote}
In trading, you have to be defensive and aggressive at the same time
- #17,141
- Apr 11, 2018 2:26am Apr 11, 2018 2:26am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
- #17,147
- Apr 11, 2018 6:17am Apr 11, 2018 6:17am
- Joined Feb 2015 | Status: Trader | 2,476 Posts
I don't trade it, but apparently the US sanctions caused some extreme PA ¯\_(ツ)_/¯
Trade with confidence, trade without fear.
- #17,148
- Apr 11, 2018 7:11am Apr 11, 2018 7:11am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
Market is pricing in "good news" on GBP could be huge sell off after Manufacturing Production m/m and should it print red most if not all G crosses will plunge lower its the usual pump before the dump
- #17,151
- Apr 11, 2018 8:27am Apr 11, 2018 8:27am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
i'm on it too...let's go!!! {image}
You guys grow balls and trade like an adult!
Trading is a game of probabilities. To make money in the markets, you must be trading a strategy which provides you with an edge. If you apply that strategy correctly over time, it should make you more money than you lose. It’s the understanding of how probabilities work, which is key to a traders success.
Let’s look at a simple scenario of flipping a coin to illustrate how probabilities work. If you flip a coin ten times, mathematically the probability is that you should get 5 heads and 5 tails. However because 10 flips is a small sample size the standard deviation in results from a sample size of 10 is going to be a lot larger than if you worked off a sample size of say 100 coin tosses. In a sample size of 10, it is highly likely that you could end up with 7 heads and 3 tails. As you increase your sample size, the standard deviation of your results gets smaller and you will move closer to what the actual probability of an outcome occurring is.
So how does this relate to trading? Think of the coin toss as you placing a trade and the outcome as a win or a loss instead of a heads or tail. Then let’s say your trading strategy provides a win rate of 50% but your average win compared to your average loss is 1.25:1. This provides you with a trading edge; however you might still go through some long losing streaks despite you having an edge in the markets. Take the table below which shows results from a random number generator as an example. With a win rate projected at 50% the trader would have still experienced a 10 trade losing streak which would be enough to put any trader off. We must remember that our results are a function of probabilities and we cannot control when these probabilities play out, we must just learn to look at results from larger sample sets before drawing conclusions
MD
In trading, you have to be defensive and aggressive at the same time
- #17,153
- Apr 11, 2018 8:33am Apr 11, 2018 8:33am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #17,155
- Apr 11, 2018 8:37am Apr 11, 2018 8:37am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #17,156
- Apr 11, 2018 8:45am Apr 11, 2018 8:45am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
