Meditations on Extremistan - Nassim Taleb
The Dunning-Kruger effect It's a phenomenon where people with limited knowledge or skills in a particular area tend to overestimate their competence, while those with high competence may underestimate their abilities. {quote} {quote} - Nassim Nicholas Taleb -
{quote} So if I invoke Dunning Kruger on sb, and I underestimate my abilities in the same area, if they degrade mine, I will still be higher than them?
Try this one for 65 pips (1 unit; 0.5%); Short GBPJPY. {image}
GJ is moving like a crazy bull. Try this, one more time. Lower, and lower, and lower wick at the Top Range 3. Hopefully, the crazy billionaire buyer is tired of buying and price will decay like in Options. Today is indeed better for buying rather than reversing, especially from Bottom Range 2. The bottom range is like a stairway to heaven.
Aye, enough for today. 
28/03/2025 PVSRA TVT 1/3 aDtr 21 – Daily Ranger - M15 Rules of 7 1. Pair Selection: Scan all 28 pairs using aDtr 21 Days. A broader range, such as 99 pips and above, might be a better choice for trading pairs as it provides more room for SL (risk). 2. Optimal Maximum Leverage for Forex: 10:1; Kelly = SR/σ, where SR = 0.1 and σ = 1% per day. However, We use a scale target, Percentage Daily Profit Target, TP/SL ratio 1:1 (like a Sniper) - based on 1/3 aDtr 21. Stop Loss is mandatory. Consider put SL to BE after many pips gain. 3. Timing Entry: Enter better after London Open in Range 2. 4. Key Entry: The Blue Dragon serves as a trading direction guide. a. Entry Long, Price is above The Blue Dragon, and The Blue Dragon forms a convex curve. The entry position should not be far from it. b. Entry Short, Price is below The Blue Dragon, and the The Blue Dragon forms a concave curve. The entry position should not be far from it. 5. Key Levels & Volume: Pay attention to S/R Levels, to Consolidation above or below Whole/Half Levels, to High Volume activities and It’s Color (Climax Buy or Climax Sell, Raising Buy or Raising Sell). 6. No trade during Red News events. 7. Discipline like a robot.
The USDJPY pair has started selling in the IB Range, above the whole level, and EURUSD has started buying. Will this set the trend for today? Lol
{quote} The trade did not go well for EURUSD, with an entry made earlier in the day. The Dragon curve became concave over time. If the entry had followed the system's rules after the London Open, it might have been profitable by now. Both EURUSD and USDJPY moved downward today. The USDJPY trade from this morning is still running. There might be an additional position according to the system (trading after the London Open), but each with a max risk-reward of only maybe 1x. It seems challenging as the price moved back north (after running +60 pips),...
{quote} Closed Position USDJPY 15 minute before Red News So it seems like: Stick to the "proven edge" of the system you have learned (not scientific proof, because at least 4 months of valid statistical data might be a strong enough proof). A 1:1 RR might be the best—don’t stay too long in the markets for day trading, unless you have a lot of money like a billionaire, then monthly trading might be fine. 1:1 RR enough, just looking for win rate system that offer 67% Win. Lel
{quote} Got one unit (0.5%) after Red News. RR 1x. {image} {image}
. USDCAD already got nuked. EURUSD could get nuked, dropping with a big red candle. Lol
Sometimes I get bored doing these small research tasks again, still haven't been able to pass the prop firm game challenge. 
