DislikedIf I could trade at 100% then I would be sitting on my own tropical island too....Ignored
You+Fib+MM=The Grail.
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DislikedIf I could trade at 100% then I would be sitting on my own tropical island too....Ignored
DislikedPursuing 100% accuracy is just an excuse to discard proper MM.
You+Fib+MM=The Grail.Ignored
DislikedNo, I understood what you were saying. I only picked up the 100% from your post to elaborate further. Wasn't calling you or anyone else lazy per say.
Sorry about the confusion mate... and if you can manage it, I'll be on that tropical island with you drinking mojitos.Ignored
DislikedI know you wasn't calling me or anyone lazy. I just found it amusing as you used a quote from Trader365 who does not like anyone mentioning the 100% thing. He thinks it's a pipedream and misleading for newbies. I can't say I disagree with him.
I always use a protective stop placed somewhere sensible that I am comfortable with and suits my money management. I hope the newbies do too unless they can trade 100% of course lol.
MD.Ignored
DislikedIf the 38 holds I'm looking for a break of the zero before I trade. I am mindful of the longer term trend being to the downside.
Attachment
EDIT: I had my stop at the 38.2 on this. It got hit, that's a 100% loser. I broke a cardinal sin, I didn't check what GBP numbers were at 9.30, PMI's were and they were worse. Still the fib failed and they do, that's why we use stops.
MD.Ignored
DislikedCan u see another reason why it failed though?? Was a Long trade really the right consideration? I think PA gave a great clue...well in advanced...around the 143.870 area on this chart and shorter TF charts would confirm that.
But what is 100% correct is that you use stops...nice job
Good TradingIgnored