I was just thinking.... if the "95% of traders fail" fact is true,
WHY NOT JUST TRADE AGAINST THE MAJORITY???
It was about 6 months ago someone posted a "scorecard" of longs vs. shorts from Oanda.
Does anyone have that thread handy?
If that data is updated in realtime on their website, isn't that the ultimate filter? I'd take that over CCI or RSI anyday.
WHY NOT JUST TRADE AGAINST THE MAJORITY???
It was about 6 months ago someone posted a "scorecard" of longs vs. shorts from Oanda.
Does anyone have that thread handy?
If that data is updated in realtime on their website, isn't that the ultimate filter? I'd take that over CCI or RSI anyday.