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In One Sentence - How Do You Trade?

  • #261
  • Jun 8, 2020 10:28am Jun 8, 2020 10:28am
Simple - flip a coin, place a pending trades above/below the next hourly bar. Tight MM. BE +5pips after 15 pip profit. 5 bad trades, 5 BE, 5 good trades with R:R 3:1. You are a winner in a long run.
  • #262
  • Jun 8, 2020 10:30am Jun 8, 2020 10:30am
Is that how you trade?

KP

Quoting driven18
Simple - flip a coin, place a pending trades above/below the next hourly bar. Tight MM. You are a winner in a long run.
Do your homework, follow the footprints of smart money
  • #263
  • Jun 8, 2020 10:42am Jun 8, 2020 10:42am
Quoting KeenPips
Is that how you trade? KP {quote}
Yes, one of my main techniquies.

It is time for Rookies to understand - all indicators are the same as flipping a coin. No one and no indicator knows what will happen 1 minute from now.
Flipping a coin is my top indicator and tight MM is my system.
  • #264
  • Jun 8, 2020 10:53am Jun 8, 2020 10:53am
Quoting KeenPips
Making trading simple is a challenge traders have to deal with and it is one reason why I have been developing my skill in structure-based price action trading. KP {quote}
Following a similar path here......................

Quoting driven18
{quote} Yes, one of my main techniquies. It is time for Rookies to understand - all indicators are the same as flipping a coin. No one and no indicator knows what will happen 1 minute from now. Flipping a coin is my top indicator and tight MM is my system.
Flipping a coin. I hope that is not how you make all your decisions.............LOL

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It never gets easier, you just get better
  • #265
  • Jun 8, 2020 11:04am Jun 8, 2020 11:04am
Won't recommend this to nobody, even rookies though.

KP

Quoting driven18
{quote} Yes, one of my main techniquies. It is time for Rookies to understand - all indicators are the same as flipping a coin. No one and no indicator knows what will happen 1 minute from now. Flipping a coin is my top indicator and tight MM is my system.
Do your homework, follow the footprints of smart money
  • #266
  • Jun 8, 2020 11:06am Jun 8, 2020 11:06am
When I trade I want to make sure that I am in control of as many factors as possible and not leave all to a gamble.

KP

Quoting KeenPips
Won't recommend this to nobody, even rookies though. KP {quote}
Do your homework, follow the footprints of smart money
  • #267
  • Jun 8, 2020 11:10am Jun 8, 2020 11:10am
Quoting KeenPips
When I trade I want to make sure that I am in control of as many factors as possible and not leave all to a gamble. KP {quote}
Do you know what market will do one second from now? Yes, 50/50, It will go Up or Down - that is all you know at this moment and for the rest of the market days.

You controlling the factors outside of MM is laughable.
  • #268
  • Jun 8, 2020 11:13am Jun 8, 2020 11:13am
I don't need to know. But I need to do whatever I can to be safe in the market; that is a key responsibility I have in the trading process - I need to increase the odds in my favour.

KP

Quoting driven18
{quote} Do you know what market will do one second from now? Yes, 50/50, It will go Up or Down - that is all you know at this moment and for the rest of the market days.
Do your homework, follow the footprints of smart money
  • #269
  • Jun 8, 2020 11:17am Jun 8, 2020 11:17am
Law of probability does not say you have a 50% chance in your favour by throwing a coin or dice once; that probability is attainable when you throw the dice/coin 100 times.

KP

Quoting driven18
{quote} Do you know what market will do one second from now? Yes, 50/50, It will go Up or Down....
Do your homework, follow the footprints of smart money
  • #270
  • Jun 8, 2020 11:19am Jun 8, 2020 11:19am
Quoting KeenPips
I don't need to know. But I need to do whatever I can to be safe in the market; that is a key responsibility I have in the trading process - I need to increase the odds in my favour. KP {quote}
As I said 50/50. "to be safe in the market" - Yes. As I stated, MM is all we can control and Yes, it is every trader responsibility.
  • #271
  • Jun 8, 2020 11:22am Jun 8, 2020 11:22am
Whenever I trade, my chance of success is more than 50% because I had done my homework before entering the market; and that is an important step to making trading simple.

KP

Quoting driven18
{quote} As I said 50/50. "to be safe in the market" - Yes. As I stated, MM is all we can control.
Do your homework, follow the footprints of smart money
  • #272
  • Jun 8, 2020 1:09pm Jun 8, 2020 1:09pm
Quoting driven18
{quote} Do you know what market will do one second from now? Yes, 50/50, It will go Up or Down - that is all you know at this moment and for the rest of the market days. You controlling the factors outside of MM is laughable.
yes, the odds are 50/50, but it matters how many positions you succeed in 50/50.
so in a series 50/50 may no he will definitely come together.
  • #273
  • Jun 8, 2020 1:27pm Jun 8, 2020 1:27pm
Throwing a dice or coin hoping for 50% success rate will tantamount to reckless behaviour rather than responsible behaviour; responsible behaviour involves understanding the market, heaping the odds in your favour, and planning on how to deal with the market.

KP

Quoting tiborf71
{quote} yes, the odds are 50/50, but it matters how many positions you succeed in 50/50. so in a series 50/50 may no he will definitely come together.
Do your homework, follow the footprints of smart money
  • #274
  • Jun 8, 2020 1:31pm Jun 8, 2020 1:31pm
Pure Gambling.......Thrill seeking...........Go to the casino, at least you will get free coffee & sandwiches when you lose.
It never gets easier, you just get better
  • #275
  • Jun 8, 2020 1:32pm Jun 8, 2020 1:32pm
Quoting KeenPips
Throwing a dice or coin hoping for 50% success rate will tantamount to reckless behaviour rather than responsible behaviour; responsible behaviour involves understanding the market, heaping the odds in your favour, and planning on how to deal with the market. KP {quote}
I totally agree with you.
  • #276
  • Jun 8, 2020 2:57pm Jun 8, 2020 2:57pm
I just hope that he was teasing.

KP

Quoting Shabs19
Pure Gambling.......Thrill seeking...........Go to the casino, at least you will get free coffee & sandwiches when you lose.
Do your homework, follow the footprints of smart money
  • #277
  • Jun 8, 2020 3:06pm Jun 8, 2020 3:06pm
No, I was not..look at today trade with tight MM and BE + 5 pips

I circled the throw of the coin bar on Dow 30, it came out tails i.e Buy.
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  • #278
  • Jun 8, 2020 3:10pm Jun 8, 2020 3:10pm
Noted. It's your money not mine.

KP

Quoting driven18
No, I was not..look at today trade with tight MM and BE + 5 pips I circled the throw of the coin bar on Dow 30, it came out tails i.e Buy. Indicators you see are just that..visuals, not decisions makers.. {image}
Do your homework, follow the footprints of smart money
  • #279
  • Jun 8, 2020 3:11pm Jun 8, 2020 3:11pm
Hey..i removed indi's for clarity...I am trying to make a point - it is not indicators or strategy or fundamantals - it is MM.
  • #280
  • Jun 8, 2020 3:18pm Jun 8, 2020 3:18pm
Not really. This thread is about ideas that can help fellow traders.

KP

Quoting driven18
...but we all having fun...
Do your homework, follow the footprints of smart money
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