Disliked{quote} Since there are several times you ignore my doubts, but I still think the system is interesting. However, I can not prove it because some issues seem too arbitrary. I thought the thread was to share knowledge, I have not said anything inconvenient, I read all the information and some of the books that are recommended on the first day, several times, for three months I keep the thread every day to all hours, however I think the problem must be in the middle of my intelligence, which is below the threshold. At least thanks, Macedonia, I now...Ignored
May be my advice can help you a lil bit..
The main issue is ourselves.. it is not the market, it is not the indicators, it is not the methods.
We are told and programmed to look for "certainty". 1+1=2, remember?? Mkt doesn't really work that way. Mkts are basically the representation of millions of traders trading against each other..
Trader A, he spend weeks of research on a security and place a trade. It is high chance of the trade will end up profitable but there are certain probability that the trades will turn loser too.
Trader B, he spend minimal research and place a trade, he has certain probability of making it winner even though the trade mostly to turn soar.
So, high degree of uncertainty is the name of the game here..No such thing as 100% sure in the market as no one can predict so accuartly all the time.. Once you accept that fact, you trading will be must easier.
We are "just" using waves, dragons and volume to add up our chance of getting the right entry in the right direction and good money mangmaent to let my winner ride and cut my lossers fast.
Yesterday, move in Euro pairs (e.g. EUR/JPY) is the very best example.
I was bullish few hours before rate decision and I had longs, and it spike up with hundred pips. So, my instinct kicks in started to lock in my profit.. when it turns back, my money management help me to bag about 40 pips. I added few shorts from high ride down the slide.
Professor TAH was bearish for this week and he was building positions for sometimes now.. He know the risks well and good at managing them... When it spiked up, he didn't close immediately in panic as he know where are the red flag zones are. So, he didn't get whipped either or even he may added nice shorts at the high.
We both cannot predict the mkt with 100% accuracy for sure. We are on the opposite sides but we are both trained enough to act accordingly at any given situation..
So, the morale of the story is, we need to know/accpet the nature of the game (which is uncertainty) and turn it to our advantage with the very tools/methods/management that we have.
I hope it will blow a light bulb or two...
Sonic
Attached Image (click to enlarge)
-tah
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