Disliked{quote} All good, no probs. I saw that you were getting some stick which I disagreed with. Your charts were spot on.Ignored
1
Next OB is a high prob one. However, prices are still going up, no reason to consider a reversal so far.
[Edit #1]
There was here a pic with my short with the SL at breakeven. The lot size was visible by mistake and I do not like sharing my lot sizes. It was 0.98 lots anyways.
Should I take partials or not?
[Edit #3]
Should I reenter or not?
[edit #4]
Is this a breakout or a fake-out?
[Edit #1]
There was here a pic with my short with the SL at breakeven. The lot size was visible by mistake and I do not like sharing my lot sizes. It was 0.98 lots anyways.
Should I take partials or not?
[Edit #3]
Should I reenter or not?
[edit #4]
Is this a breakout or a fake-out?
- Joined May 2017 | Status: Member | 377 Posts
What if... I have a dream (not a crystal ball). {image}
If so, just post stats of how accurate you've been for the last 90 days. Easily post a link to your monitoring account would have saved you a lot of screenshoting and uploading photos.
Helps to keep this thread about discussions. We don't want to turn it to a journal now or even worse... A trading strategy thread, argh!
Work smart not hard
Stop with the chart posting
- Joined May 2017 | Status: Member | 377 Posts
I'm not going to try and argue with believers anymore.
You just can't win!!!!
If you argue with what I'm saying about the Forex market, and If you say your levels or whatever you use to BE PROFITABLE works. Just post a link to your 90 days worth of data. That's all and you win!!!
Stop posting your 'strategies' here please or long beliefs about the market, try to stick to facts I beg
You just can't win!!!!
If you argue with what I'm saying about the Forex market, and If you say your levels or whatever you use to BE PROFITABLE works. Just post a link to your 90 days worth of data. That's all and you win!!!
Stop posting your 'strategies' here please or long beliefs about the market, try to stick to facts I beg
- Joined Oct 2020 | Status: Member | 2,265 Posts
I do believe the market being chaotic means the footprint can be traced and traded with statistical edge.
I just think the knowledge is so valuable no one would teach it in detail. However the truth is when generalizing the detail strategy to something comfortable to be shared, the content becomes so generic, therefore seemingly the "education" is misleading to be trivial and easy, but not really wrong or lie. (I do not rule out possibility of presence of scammers, theirs are all lies)
Dunno if you have learnt any specialty skills. But say driving, a new learner may find driving coaches BS with rigid and unrealistic instructions ("look at rear mirror twice, direction light, speed up and cut line"). Eventually you find a comfortable way to do it in your opinion, and may find the instructor was actually telling all truth. my 2 cents.
Since beginning of 2021
I just think the knowledge is so valuable no one would teach it in detail. However the truth is when generalizing the detail strategy to something comfortable to be shared, the content becomes so generic, therefore seemingly the "education" is misleading to be trivial and easy, but not really wrong or lie. (I do not rule out possibility of presence of scammers, theirs are all lies)
Dunno if you have learnt any specialty skills. But say driving, a new learner may find driving coaches BS with rigid and unrealistic instructions ("look at rear mirror twice, direction light, speed up and cut line"). Eventually you find a comfortable way to do it in your opinion, and may find the instructor was actually telling all truth. my 2 cents.
Since beginning of 2021
- Joined May 2017 | Status: Member | 377 Posts
I do believe the market being chaotic means the footprint can be traced and traded with statistical edge. I just think the knowledge is so valuable no one would teach it in detail. However the truth is when generalizing the detail strategy to something comfortable to be shared, the content becomes so generic, therefore seemingly the "education" is misleading to be trivial and easy, but not really wrong or lie. (I do not rule out possibility of presence of scammers, theirs are all lies) Dunno if you have learnt any specialty skills. But say driving,...
Wait your average loss is bigger than your average win
Show me the equity Vs balance
- Joined Oct 2020 | Status: Member | 2,265 Posts
{quote} This screenshot says 85% win rate!!!! Wait your average loss is bigger than your average win
- Joined Oct 2020 | Status: Member | 2,265 Posts
{quote} This screenshot says 85% win rate!!!! Wait your average loss is bigger than your average win
Been recording my entries and mapped out potentials of the trades, i.e. projecting R:R ratio and find out if the trade would have won/lost. Limitation being only set-and-forget SLTP is modelled (I don't believe hindsight adjust of SL)
The inverse correlation of average R:R and win rate is pretty solid.
Now add in trade management that will set exits (either TP/SL) at BE+ (e.g. 1 pip). That trade would be a "win" defined by myfxbook, but profit is minimal. Result is the actual rate vs RR curve is shifted left.
Just statistics is my favorite approach to trading as a number game
*In this graph, 100% means all of the profitable trades.
