DislikedHaving read many of the system threads myself, I always enjoyed when the OP describes his system as simple with only 1 or 2 indicators max and asks everyone to keep it that way. 20 pages later the system charts look like a rainbow with all the different indicators everyone has added.Ignored
One of the things I like most is when people start adding lines to explain why the price turned. It's not because some talking head just made an important statement or some big banks have an interest to buy a certain currency at that level. No, no ... it is because the ultra-camarilla-fibo-midpivot on the GMT+2 charts was exactly there. When people add all the levels, trendlines, bands and important moving averages there is a line every 5 pips. Then wherever the price stops they are in awe - look, the price respected my line!
But what really cracks me up is when people ask something like "I followed all the rules and look, my trade was a loss! What did I do wrong?". They don't get it. They don't understand that all they have is a tiny edge (if they have it), it's a game of probabilities. To make things worse, other traders rush to find reasons why the trade went south. You know, it's because Mondays are like that. And Friday too - yeah - never trade that. And before news. Also after news, when you have erratic movements. Plus all those times when the market is slow. Definitely don't trade that. And avoid those times when the market looks undecided. Yeah. Or when it's moving one way, a retrace might be coming soon, don't trade that either. When to trade then? Well ... let me show you on these historical charts ...
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