DislikedI've been away from FF for a few years. Good to see Price/Time trading is finally catching on with the masses. Here's a EURUSD option trade I did last night/today. I did an OTM option trade with a the 1.7200 strike. I exited early before expiration when price hit the strike for a decent profit. Entry was primarily based on my cycle work but the target was based on a fan 1x1 line (red diagonal) and Gann box division line as the time target (The purple vertical solid line). Price bottomed out a few bars early but the 1x1 and light purple vert right...Ignored
Hi Mate, curious to know if if you still believe this after 10 years?
1:2 Risk/Reward. Once I experienced the power of that, the rest of the stuff is semantics. Seriously. 1:2 means you can set and forget your orders and you only need to be correct 40% of the time to make money. You can literally flip a coin and do better than 40% can't you? Once you dial in what values to plug in for your stop loss and profit target, it's a cake walk to make money over time. Add in some analysis/systems/methods that increase your accuracy and you're there. Sure, I only need to be correct 40% of the time, but it's nicer to be correct 70%-80% of the time.
life is a reflection of what we allow ourselves to see
