Trade 7 Wed July 25, 9:05 Pm gbpusd –long 1.5922
dice rolls where 6 and 2
dice rolls where 6 and 2
50% win ratio, 1:1 sl tp, and random entries 127 replies
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Random entries discussion... 7 replies
DislikedAren't you stacking multiple orders on the same pairs here? Maybe it would be better to wait for the outcome of one trade before you add others?Ignored
DislikedHello Teb63 and others,
Hope I am not coming on too strongly here but I would like to add my thoughts onto your thread in the hopes for your benefit.
Currency market is anything but random.
It trends.
The only saving grace will be your 1:3 r:r but it will be only a matter of time. At the end, it will not work to your expectation.
Long term trend is the greatest edge in currency.
Regards
LexIgnored
DislikedHi Lex
1. What do you think are my expectation?
2. yes I understand trend.
3. In day and over charts I agree there is no "random" in under that time frame I think there is and more to the point there is
a. market manipualtion.
b. And range trading in the over all the |"day trend"
4. There is no "random" in the real market but
a. there is no real market in 4X
b. we the small guys do not really know what is really going on- so to us alot is random or at least looks random
3. If my trades are random, will not 1/2 my trades be with the trend?
so...Ignored
DislikedHi Lex
1. What do you think are my expectation?
2. yes I understand trend.
3. In day and over charts I agree there is no "random" in under that time frame I think there is and more to the point there is
a. market manipualtion.
b. And range trading in the over all the |"day trend"
4. There is no "random" in the real market but
a. there is no real market in 4X
b. we the small guys do not really know what is really going on- so to us alot is random or at least looks random
3. If my trades are random, will not 1/2 my trades be with...Ignored
DislikedHello Teb63,
Thanks for the detailed response.
I especially like your enthusiasm and your character to hold mutual respect for other traders.
You are right.
The future is unknown.
I sincerely wish your method does work out well for you.
Trade well.
Regards,
LexIgnored
DislikedHi, I want to start off by saying that I mean no disrespect to anyone here, and that I truly believe you have genuine faith in idea that the risk to reward ratio is a factor in profitable trading. I'm just here to debunk the idea in general.
While it is true that "RRR" is an important factor to note, I find it always annoying when people tout it like they understand why it's important. I'm not sure who started it, but I smirk every time someone talks about "RRR" here, because the way it's stated is almost always misleading, as in the case...Ignored
DislikedHi, I want to start off by saying that I mean no disrespect to anyone here, and that I truly believe you have genuine faith in idea that the risk to reward ratio is a factor in profitable trading. I'm just here to debunk the idea in general.
While it is true that "RRR" is an important factor to note, I find it always annoying when people tout it like they understand why it's important. I'm not sure who started it, but I smirk every time someone talks about "RRR" here, because the way it's stated is almost always misleading, as in the case...Ignored
DislikedThis math is all very interesting but has nothing to do with forex
What you say shows you do not really understand RRR or the reason why RRR is the most important part of trading as its the biggest part of MM.
You need to understand
1. Forex is not a real market ... it is rigged- its not like stocks or gold where there is a a real price - because they have a cental market
[color=black][font=Verdana]2....Ignored
DislikedNow I'm starting to wonder if you're deliberately trolling.
Money management does not take risk:reward into consideration at all. What are you talking about. It takes variance into consideration, which is a FUNCTION of risk:reward. Of course, you MIGHT think so if you also have a warped idea of how money management is supposed to work.
1) Forex is LESS rigged than equities or commodities. Are you kidding me. They're all rigged, but if anything, forex is LESS rigged. (if by rigging you mean big players moving the markets at will)
2) It is random...Ignored
DislikedDB,
Aren't you assuming a normal distribution, and, I think, independent trials? If so, do you have any statistics to back that up?
RealusIgnored