I personally believe that neither fundamental analysis nor technical analysis is predictive, and reliable.
nor do i believe that risk:reward ratio exists,
nor do i believe in pre disposed SL and TP orders.
the market cannot be predicted, because it is a massive compilation of players.
IT IS possible to enter the market with rigid parameters, it is advisable to beginners to do that, by all the books and all the "traders" because it is an indoctrination, in a defensive style of calculated gambling.
you expect the market to move X pips, so you enter at Y point and will liquidate at Z point and obtain profit at XYZ point.
this is an attempt to eliminate hope, or blown accounts. the bad thing with this strategy is the small losses that will blow the account anyway if the trader is not skilled.
Then there is a flexible trading strategy, that eye balls different types of data and determines a directional bias, and re assesses that opinion. uses an array of options including averaging down, holding, pressing, liquidating. the problem is the subjectivity that can get a trader in trouble.
which one is best, no one knows, to me flexibility works to some rigidity works in creating a safety net.
the quant, the technical, the fundamental.
however the market moves and the fact is that we DO NOT KNOW where it will move. i think experience and practice finally meets at a point where profitability, and consistent returns begin to accumulate.
it is all in HOW you handle your trades, that makes or breaks you
nor do i believe that risk:reward ratio exists,
nor do i believe in pre disposed SL and TP orders.
the market cannot be predicted, because it is a massive compilation of players.
IT IS possible to enter the market with rigid parameters, it is advisable to beginners to do that, by all the books and all the "traders" because it is an indoctrination, in a defensive style of calculated gambling.
you expect the market to move X pips, so you enter at Y point and will liquidate at Z point and obtain profit at XYZ point.
this is an attempt to eliminate hope, or blown accounts. the bad thing with this strategy is the small losses that will blow the account anyway if the trader is not skilled.
Then there is a flexible trading strategy, that eye balls different types of data and determines a directional bias, and re assesses that opinion. uses an array of options including averaging down, holding, pressing, liquidating. the problem is the subjectivity that can get a trader in trouble.
which one is best, no one knows, to me flexibility works to some rigidity works in creating a safety net.
the quant, the technical, the fundamental.
however the market moves and the fact is that we DO NOT KNOW where it will move. i think experience and practice finally meets at a point where profitability, and consistent returns begin to accumulate.
it is all in HOW you handle your trades, that makes or breaks you
AVT INVENIAM VIAM AVT FACIAM