Based on whatever trading platform you use and the setup of your view - whether you use bars or point and figure or renko etc., is most definitely going to determine other things about your trading.
Let's see here ....
a market can go up or down, it can congest sideways, it can break previous highs and lows, it can bedazzle you with shock and awe, it can make you believe your broker "looooves you", what else ? .....
It caaaan ....
tell you in advance what it's planning on doing, it can use the very same areas for it to target, it can tell you when "thhheee biiiiig plaaaayers" are entering and exiting. ooooooh my !!
It can befuddle you in lots of ways or you can choose to see befuddlement as a sign of something. For me, Percentage trading at its roots hasn't changed since I began trading. Sure you have more data and tools and all that stuff, but can you tell me off the top of you head, what fraction of 35 is 6.75 ?? My point exactly.
For lots of people, this is probably a good reflection of things .....
BUT, it doesn't have to be that way.
Percentages are a language of their own.
And there are different kinds of percentages - there are comparative, co-operative, completive, angular, transitional and lots of others.
Most people have never even heard of some of these. Are you one of those people?
With these things you cannot just be told, and then expect to know it and know how to use it. No. You need to spend time with it. And then you can learn. Impatience is a killer when you're trying to learn something new. But even THIS is a sign of something. Do you know what it is? It's a sign that you are wanting to get something for sake of desire instead of learning for learning's sake. So if you want to learn, don't wait for someone else to "tell you". Why not? How do you know they themselves aren't as befuddled as you? Mmmmm? How? .......
"......And when the bow breaks, the cradle will fall. Down will come baby, cradle and all."
Percentages open a world unknown to so many. A wondrous insight.
You can use percentage insight to be actuarial.
Environment. Sentiment. Observable outcomes. Desirable outcomes. Desirable losses x observable loss variations. Observable unknowns.
Risk types. Likelihood of risk events.
If your trading premise/s cannot predict diluted behavior and movement, then you are speculating.
If you cannot distinguish between innate and sporadic, then you are guessing.
Percentages. Start playing with them and see what you can learn.
Peter
Let's see here ....
a market can go up or down, it can congest sideways, it can break previous highs and lows, it can bedazzle you with shock and awe, it can make you believe your broker "looooves you", what else ? .....
It caaaan ....
tell you in advance what it's planning on doing, it can use the very same areas for it to target, it can tell you when "thhheee biiiiig plaaaayers" are entering and exiting. ooooooh my !!
It can befuddle you in lots of ways or you can choose to see befuddlement as a sign of something. For me, Percentage trading at its roots hasn't changed since I began trading. Sure you have more data and tools and all that stuff, but can you tell me off the top of you head, what fraction of 35 is 6.75 ?? My point exactly.
For lots of people, this is probably a good reflection of things .....
Attached Image
BUT, it doesn't have to be that way.
Percentages are a language of their own.
And there are different kinds of percentages - there are comparative, co-operative, completive, angular, transitional and lots of others.
Most people have never even heard of some of these. Are you one of those people?
With these things you cannot just be told, and then expect to know it and know how to use it. No. You need to spend time with it. And then you can learn. Impatience is a killer when you're trying to learn something new. But even THIS is a sign of something. Do you know what it is? It's a sign that you are wanting to get something for sake of desire instead of learning for learning's sake. So if you want to learn, don't wait for someone else to "tell you". Why not? How do you know they themselves aren't as befuddled as you? Mmmmm? How? .......
"......And when the bow breaks, the cradle will fall. Down will come baby, cradle and all."
Percentages open a world unknown to so many. A wondrous insight.
You can use percentage insight to be actuarial.
Environment. Sentiment. Observable outcomes. Desirable outcomes. Desirable losses x observable loss variations. Observable unknowns.
Risk types. Likelihood of risk events.
If your trading premise/s cannot predict diluted behavior and movement, then you are speculating.
If you cannot distinguish between innate and sporadic, then you are guessing.
Percentages. Start playing with them and see what you can learn.
Peter
Real Trading is not gambling.
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