@turveyd
true, you cant predict where price will go
you cant predict direction of price
you cant even predict if the next tick will be up or down
... BUT you dont need to, because, as you know, there are times when the probability of price going up/down will be higher than usual
and where do you draw the line of predictability? because, your 200 ema cant predict the same way like TLs, fibos, S/R, forks or whatever
so why do you go long if price is above 200????? if its 50/50 every time like you say, there is no reason to go long, or is there?
so you admit there is probability, because you use it yourself
i'll give you the reasons why most of traders fail
1. no discipline & no plan
2. overleveraging
3. overtrading
it has nothing to do with timeframe
funny you are using the ... what was it? the 1440 moving average?
this is the fucking average daily price!!! ok moving, but thats history, man, how can you use that?!?
true, you cant predict where price will go
you cant predict direction of price
you cant even predict if the next tick will be up or down
... BUT you dont need to, because, as you know, there are times when the probability of price going up/down will be higher than usual
and where do you draw the line of predictability? because, your 200 ema cant predict the same way like TLs, fibos, S/R, forks or whatever
so why do you go long if price is above 200????? if its 50/50 every time like you say, there is no reason to go long, or is there?
so you admit there is probability, because you use it yourself
i'll give you the reasons why most of traders fail
1. no discipline & no plan
2. overleveraging
3. overtrading
it has nothing to do with timeframe
funny you are using the ... what was it? the 1440 moving average?

this is the fucking average daily price!!! ok moving, but thats history, man, how can you use that?!?
Invincibility lies in the defence, the possibility of victory in the attack