In today's very rotational market I am watching the AUDUSD for a potential short trade and close back below the 50 level it is going to have to go higher first though otherwise the r:r will not make sense
Your and My Lessons Learned Losing and Gaining in Trading 5 replies
things you learned from forex and improved your life 12 replies
The most important lesson’s I’ve learned trading Forex, so far... 15 replies
DislikedCeeso, I took as example the +/- 0.5% level on EURGBP: Over the last 100 days : - 13 touched and closed above the +0.5% - 14 touched and closed below the +0.5% - 11 touched and closed below the -0.5% - 11 touched and closed above the +0.5% This is 50/50 result, what mean that level ?Ignored
Disliked{quote} Search above for the Excel Frequency Distribution Stats I have posted them twiceIgnored
Disliked{quote} Yes, I've read his book. Great indeed To be honest I was being sarcastic, because of how you wrote: "This is WHAT I LIKE TO CALL fooled by randomness". {quote} I frankly don't understand how could that be possible at all, if the size of the retail trading volume is actually less than 2% of the whole FX market.Ignored
Disliked{quote} I think you both are missing the point and usefulness of a statistical approach. I have tried to stress this a lot during this thread but will repeat it. These are not supported and resistance levels. These are just probability levels. In order to trade with the right size and stops, you must know the PROBABILITY of something happening or not happening. I think you guys are confused. I am not here to teach anyone how to enter a market. I am here to share how I stopped getting stopped out of trades in Randomness because many of...Ignored
Disliked{quote} Let me tell you my theory why scalping does not work (at least for me). 1. The fluctuating spreads are almost eventually going to take back all the profits. 2. Think about who is in the Forex markets? BIG players and big players do not use precision entries and exits. If you are doing a 100 million dollar (no margin trade) for whatever reason. Do you really care if you get 1.2000 or 1.2020 ? 20 or 30 pips is nothing to a big institutional trade. So for those reasons I had terrible success scalping. My average trade is 20 to 30 pips with...Ignored
Disliked{quote} Hi pro-trading Just because you haven’t worked out how to scalp the tops and bottoms of a market doesn’t mean it isn’t profitable. At least post like CeeSo did by using the words “at least for me” For the record, trading tops and bottoms is trading exhaustion, highly profitable once a trader develops the “knowledge” Cheers RickIgnored
DislikedThat is why there is no profitable strategy on any public forum, even not in any school for that matter, otherwise you could get your trading degree like a brain surgeon to “operate” the market for a 6 figures salary... Cheers,Ignored
Disliked{quote} Just because pro-Trading hasn’t worked out how to scalp the tops and bottoms of a market doesn’t make you profitable by just claiming it...Ignored
Disliked{quote} Hi LDFX We are still waiting for your live trading calls in the trading room. Last night I placed 23 live calls on the thread with 100% success rate. So the question needs to be asked whether you have enough confidence in your trading calls to put them out in front of other experienced traders?. Tick Tick Cheers RickIgnored
Disliked{quote} Sorry to interrupt but you must be the best trader who can make 23 live calls with 100% success rate. I am willing to pay you to watch you make only 10 successful live calls with a profit factor of 2x against your risks/stoploss. I will be thrilled to see your exquisite skill which is worth paying for. CheersIgnored
Disliked{quote} Sorry to interrupt but you must be the best trader who can make 23 live calls with 100% success rate. I am willing to pay you to watch you make only 10 successful live calls with a profit factor of 2x against your risks/stoploss. I will be thrilled to see your exquisite skill which is worth paying for. CheersIgnored
Disliked{quote} That can be arranged if you change your attitude and prepared to learn some new concepts. That means you will also have to try developing some new money management strategy’s that will test your believe’s about how the markets really work. There would be a fee however, a case of Pepsi But get in line because we all want to see first how LDFX handles the stress of live trading. CheersIgnored
Disliked{quote} My attitude?? I was talking about your claim of 23 live calls with 100% success. Can I be invited to make live calls and watch you too. CheersIgnored
Disliked{quote} Hi Genghistar I am just one trader in a group of excellent traders. Don’t focus on me, focus on the method we use to scalp the market for daily profits. Follow my recent history for entry. I am hoping I hear from LDFX during today’s London Session. CheersIgnored