Dislikedtossing a coin with proper money management is a valid way to trade.Ignored
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Dislikedtossing a coin with proper money management is a valid way to trade.Ignored
Dislikedtossing a coin with proper money management is a valid way to trade.Ignored
Dislikedpeople have this apprehension about calling the market random
because they feel that if they accept this fact then the cannot find the holy grail.
let me be more politically correct the market is chaotic.
there are other philosophical position with randomness as people do not just randomly jump in...every order is a decision (the random or chaos comes from conflicting positions, equilibrium and disequilibrium, however I still do not think that people will ever posses the skill to KNOW where the market is going)
its more of an analysis...Ignored
DislikedBut seriously, I have seen a proof that this is equivalent to a martingale... too late in the day to argue it vigorously though.Ignored
Dislikedthere is no "holly grail"
there are facts & matters.
walker.
"because they feel that if they accept this fact then the cannot find the holy grail."Ignored
DislikedYeah, but the only way Martingale would work if you have an infinite amount of money , plus an accurate counting of possible profit and loses ! Its true you can have a 4 pip gaining and you martingale on that. But one of these days , the results will be offsetted by sudden change in market sentiment that results in a huge push down , causing stop lose to be triggarred on slippageIgnored
DislikedI was mistaken there... I did see a mathematical proof that MM cannot make a coin toss with a fixed stop profitable but the Martingale equivalence thing is wrong (sorry, long day)...
Attila is absolutely right about coin toss trading profitably if you add judgement about when to close.Ignored
Dislikedone of the best secured algos in the world is the "Random Number Generator" algos.
due those has an algo to create Random Numbers.
& when this algo known you will know the next RANDOM number.
I dont say you MAY, you WILL.
walker.Ignored
DislikedYeah, but the only way Martingale would work if you have an infinite amount of money , plus an accurate counting of possible profit and loses ! Its true you can have a 4 pip gaining and you martingale on that. But one of these days , the results will be offsetted by sudden change in market sentiment that results in a huge push down , causing stop lose to be triggarred on slippageIgnored
DislikedBe careful with those buy limits there on h1..
Hidden divergence are best for projecting targets.. It means the indicator, the RSI in your case, is overbought for the price at the second high there.. So.. in order to project the next target short, you take the pip amount difference between the two highs and you subtract it from the price where the RSI was at it's lowest between the two highs.. Eyeballing it, should be around 1.3... Eh, maybe your buys are all right after all.
Edit: Another helper when I was using the RSI is draw some trend...Ignored
Dislikedmy two cents,
exit is always much more improtant then the entry.
walker.Ignored
Dislikedshort stopped out at 1.294.
looking for new entry. I will probably wait until Draghi speaks and catch 15 min - 1 hour movementIgnored
DislikedJust finished talking to Mario. He wanted some advice.
Don't want to disturb the market by sharing what he said......................... but since we are friends, let me share only this part that he finally managed to retrieve his cell phone from the WC he dropped into this morning.Ignored
DislikedUrban Myth: in hindsight, you are always able to say that, especially on those picture perfect, long trends you missed!
Entries are terribly, terribly important. They directly define your stop placement, initial risk, and potential loss.
When you enter a trade, you have no idea whether the trade will enjoy a strong trend. You have no crystal ball, you only have now.
Entries define your initial risk, therefore your position size. Money Management is the secret to survival and big profits. Smaller stops, larger position sizes,...Ignored