What is your edge?

Im still in a process in making my system but i think i will go with pyramiding as my edge.

So i will increase risk/reward without having the need to catch a big moves (which are rare).

Mate

I still regard CrucialPoint as the most influential idea man here on Forex Factory, and trade his ideas every single day.
Honestly what’s hard about trading Longs in the Northern Hemisphere and trading Shorts in the Southern Hemisphere of that particular Market.

Just plain obvious isn’t it.

My EDGE is in the box marked... how efficiently I can use it is a different story

So your edge is volatility, makes sense

Nice time to trade BN but you know the best setups come from that green candle before your highlighted bars. Compressed Volatility always precedes explosive trends and the smart traders are already in position waiting for the moves to start

Or to be more specific what best setups are, if you look at the yellow rectangles, you may find them.

20 years ago when I started trading you had sticks and stones. You winged it and rolled the dice like on a craps table. Trading was difficult back then and it still can be even today. There were some really cool ideas though they posted on this forum.


Our edge today, at least what I think my edge is the technology you have access to. You have information, AI, platforms and software you just didn't have in the past.
I trade the numbers and the stats. The majority of time im using models and managing risk. There's great code and models out there you can get for free. The attachment is a Neural Prophet code I look at just to get an idea of where a stock may move in X number of days. Im fascinated by machine learning models

I have a background in tech and coding, so I use whatever knowledge i have to get the best information. I certainly don't always win, my goal first and foremost after risk management is consistency. That's really all you can control, you're at the hands of the market and the millions of minds battling to grab the $

If i bet on sports, it's basically the same idea. I want positive expected value. You'll lose many bets, but at least you give yourself the best mathematical chance possible. In trading you want a good profit factor, with the least amount of drawdown. The numbers will tell you whether you're making a good bet or a bad one.
One thing i've learned is that you will never master this skill, but if you keep learning, you'll be in the game longer than most.

I think it is much more complicated now if you put yourself in the shoes of someone approaching the markets for the first time. Information is only an advantage if you know how to filter it, and nowadays there is a lot of it, plus the competitive advantage has shrunk so much.

I agree with both of you. I have a few friends who got started a year or 2 ago. Some of these friends were way to aggressive in their approach and their expectations were unrealistic. I don't think someone new can say Im going to make X $ in a day or a month. If you asked them what their edge was, they'd give you a blank stare.

If anything, it really pays to learn, get mentored and just put in the time and pay your dues. Losses are the only way to learn and gain experience.
So that's certainly more true today, you have to be able to filter good information. The overwhelming majority of information out there will probably not lead to the profitability we're all looking for. There are some gold nuggets in this forum. Years ago, like fxmeta i found a few, I wish they had saved the posts, but this is many years ago on forexfactory.

Those who do this work have embraced uncertainty, and aiming for a return equal to X each month is detrimental. When the competitiveness given by information, software, accessibility, and culture is high that is when experience emerges and becomes the added value. Indicators, algorithms and other elements are useless without careful management of them in today's highly dynamic markets.

Combination of TA & FA and patience.

The system (my edge) I have used successfully in currency trading for nearly two decades is outlined in detail (with charts) on the thread
Predicting Short-Term Direction and S/R Using Indicators in the Trading Discussion tab, around the April time frame. much easier to direct where it is than to try and repost everything.

Maybe this will help someone out there make a little extra money.....