btw: nice indi
I wanna ask you has your last trade on G/U H1 high probability according to you, having in mind that we are approaching supply level on daily TF (pls see jpg attached) or maybe I am not following you guys exactly on this one.
Thanks and no offence just trying to figure it out this trading between levels stuff.
Dislikedmhhhh...a nice shooting star on m30...i am short on this oneIgnored
DislikedI have borrowed these two snap shots from one of sam's webinars from Rufus's thread. I continue to get inquiries about swap levels and their validity.
Why I pick certain levels and the such. I hope to put some charts together over the weekend to show yet , once more the thought process involved in those.
I think Rufus has a link posted to the webinar these pics came off of.
DislikedHow many losers should I expect in a row?
Posted on July 6, 2010
One thing that can shake a trader’s confidence and test the emotions is to have many losing trades in a row. This can cause doubt about the trading system, the market (has the market changed?), one’s own ability to trade, etc. One way to manage this is to have good metrics. As Brett Steenbarger explained in his book referenced in this post, a good trader will have good records and will know things like the win/loss ratio, %winners, avg win, avg loss, etc for each strategy, market,...Ignored
Super post for those willing to understand the importance of handling risk. What a great concept to understand. If we are winning 60% of the time with an average 2:1 R/R still would be profitable losing 10 in a row 1 time in the 10,000 trades. Draw down could be scary, so what our minds do with it is the important thing.
I don't know if you had read about the "Kelly Formula". Basically it is a formula devised by John Kelly to determine how much to "Bet" in regards to the edge you have. John Kelly was born in the late 1800"s...Ignored