How can SL 13% and TP 1% be RR 1/7?
It is 13/1
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Disliked{quote} {quote} Didn't get your math. How can SL 13% and TP 1% be RR 1/7? It is 13/1Ignored
DislikedExample. Today we were trading UC. 2 traders were shorting it 2 times, I had 2 long trades. And we all got profit. The brutal truth of trading is that bulls make money, bears make money and pigs get slaughtered. Anyway I'm sure that trading is like professional sports: you have to practice every day to get better. That's why it is better to start with scalping, because I can't imagine how you can train yourself on weekly charts. It is the same like you will practice boxing once a year.Ignored
Disliked{quote} Scalping is not good for training beginners. Spot, futures or CFDs will certainly cause psychological pain, or force the beginners or intermediate traders to juggle with stop losses or give them any kind of peace of mind by knowing the total risk involved even before entering the trade. Knowing the total loss in advance can give comfort to those who know that the loss will not affect their lifestyle. All the three contracts - spot, futures and cfds - carry unlimited loss and unlimited profit and need active risk management. A few CFD brokers...Ignored
Disliked{quote} 1. I mean frequency of trades. 2. Why not train on demo? 3. Didn't get how lack of basic math skills can cause psychological pain. If trader can't calculate the risk, don't understand how margin works no matter what to trade first he need to learn it.Ignored
Disliked{quote} That sounds interesting. I would like to see it on a live trade.Ignored
Disliked{quote} I have been posting this morning, trying to get a position in on the GA, while also trading the GY. The GA has mis-fired once (took a -30 pip hit) and is in the process of mis-firing again (I'm up but it's crashing again). But the GY was productive today (up about 70 pips). As I noted in my journal, it's difficult to make posts of contemporaneous activities while also trading, but I'm trying. As the GA has been sputtering I have only watched the EA behave very well...should have been trading it this morning! Hope you are trading well today!...Ignored
DislikedStart with a penny, double compound every day, make a million in less than a month...Ignored
DislikedTrend following - the markets are chaotic. They are non-linear dynamic systems. Market prices are highly random with a trend component. Within chaotic systems is the concept of a fractal, “self similar”. Just like the branches of a tree that get smaller and smaller but look like the original tree as a whole. Therefore a system can be random in the short term, but deterministic in the long term. Your lung is another example. So is the coastline view at 10,000 feet. As you slowly get closer, the coastline looks the same! Ice crystals, nautilus shells....Ignored
DislikedIf you do not have a strategy that works on all timeframes, then you do not have a complete understanding of the market. If you think that lower timeframes are impossible to trade and make money and you can only make money with higher timeframe, again, you do not fully understand the nature of the market.Ignored
Disliked{quote} Spread. For example 1 pip. On 1M chart pattern can move let's say 3 pips. On H1 chart the same pattern can move 30 pips. Spread for M1 pattern takes 33% but on H1 it takes only 3%. Trading on H1 is less expensive than on M1. 30pips can move within 1 day - no swaps. But even with swaps for 1-2 days it is still less expensive than M1.Ignored
Disliked{quote} 100% agree with you and that is a valid reason to ditch lower timeframes, not the stuff that guy mentioned which made no sense. You can make money on lower timeframes. The question is, is it worth it because of the spread? If your spread is small enough to where you can make money then go for it, if not then don't.Ignored
DislikedThis is personal preference. I do trade the 1min timeframe but only when I feel like it. I do not have a spread problem. My problem with the 1min TF is that i have to be glued to the screen. Sometimes i do it, sometimes i dontIgnored
Disliked{quote} 100% agree with you and that is a valid reason to ditch lower timeframes, not the stuff that guy mentioned which made no sense. You can make money on lower timeframes. The question is, is it worth it because of the spread? If your spread is small enough to where you can make money then go for it, if not then don't.Ignored
Disliked{quote} Spread is irrelevant if you can find 25 setups on M1 compared to 1 setup on H1. Out of those 25 setups, one or two will be better than most H1 setups you ever see in half a day of WAITING.Ignored
DislikedJust imagine this is not an EA, but a trader using the same strategy on two different markets: Results on GBPUSD. {image} Results on EURUSD. {image} Same configuration. Every parameter is relative to the market, no absolute values for this specific program. It should adapt to market changes. Different symbol only. It is worthless to show a balance or how was my last week or month. Doing exactly the same one loses and the other wins. The difference was the market not the quality of the strategy that was, as shown, very deficient, a ver bad EA so...Ignored