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Trading Without a StopLoss

  • #1,521
  • Feb 28, 2014 11:39am Feb 28, 2014 11:39am
In January I made a stupid mistake that luck only saved me from wiping out: I re-installed my MT4 to overcome what I thought was a glitch, And when I did so it went to full lot sizes. When I got up the pee in the middle of the nite,(Us old folks) I was showing red and in danger of a margin call. I panicked. I started closing trades in loss left and right until I realized that the two trades in profit I had going were in full lots.
When I was done, I had lost $600 and down to $3300. or so. I made back some $250 that month, but decided to not post until I was back even. I am not quite even yet, but decided to post anyway. I am about $100 short now and should break even by the end of the first week of march. Just letting you now I am still here, trading without a stoploss. Hey: 60% ROI annually ain't bad. More posts when I break even
  • #1,522
  • Mar 2, 2014 6:46am Mar 2, 2014 6:46am
If you leave a trade open over the weekend, and use stop losses, you should be aware not only are you unprotected over the weekend, when the market wakes up and sees your trade has gone way beyond your stop loss, it will immediately close. It will close not at your stoploss, but at the current price. If that triggers a margin call, so be it.
Stop losses do not always work.
On the other hand, If you put a trade in at .01 lots, and you have a balance of $10,000 USD The market would have to plunge a million pips to wipe you out. You never will see anything like that happen.
The art of trading comes somewhere in between the two extremes, both of which, while possible, are not very attractive from where I sit.
  • #1,523
  • Mar 2, 2014 11:04am Mar 2, 2014 11:04am
Nice posts Rap Skallion. Glad to see you're on your way back to breakeven after the mishap. The two extremes you mention lie on opposite ends of a very large playing field. Finding that middle ground is the arduous quest we are all on.

Godspeed.
Remember, Red. Hope is a good thing, maybe the best of things...
  • #1,524
  • Mar 2, 2014 5:20pm Mar 2, 2014 5:20pm
Hello Guys,
I just want to say that I am also one of those stupid guys who trade without a stop loss. But I am intelligent enough to be on that small percentage of winning traders. I am trading live almost 2 years without a hard stop loss. If my position is too far out of the money I close the trade, I Renter at a better price and carry on, can’t win all the trades but OVERALL I come out as a winner. I don’t care how much percentage I make. I grab the opportunities that the market offers and I make the best out of it. I manage my winnings and loosing trades appropriately. I might have a slow equity growth but the bottom line is I AM MAKING $$$. For sure beats the crap of those nail biting over leveraged accounts where praying is a norm to the market for a TP.
  • #1,525
  • Mar 3, 2014 4:30pm Mar 3, 2014 4:30pm
Quoting pullice
Hello Guys, I just want to say that I am also one of those stupid guys who trade without a stop loss. But I am intelligent enough to be on that small percentage of winning traders. I am trading live almost 2 years without a hard stop loss. If my position is too far out of the money I close the trade, I Renter at a better price and carry on, can’t win all the trades but OVERALL I come out as a winner. I don’t care how much percentage I make. I grab the opportunities that the market offers and I make the best out of it. I manage my winnings and loosing...
not sure if this helps to start using stoploss:
You may win 99% or even 999% of the trades, you just need that 1 percentage/promille that empties your whole forex account. One spike and your margin is cut empty, leaving you with only 6 euro on your forex account. Those spikes occur once in 6 years on average (just check the history in a variety of currency pairs). I'm sure the gross here have been there and they found out that they could only trade with ZAR and AUD, not anymore with EURO and USD because the value of these currency pairs are over 6 euro.

Or do you have a special method to come as a winner in OVERALL? I'm very interested. (which strategy, indicators etc do you use)
Join our skype group.
  • #1,526
  • Mar 4, 2014 11:34am Mar 4, 2014 11:34am
Quoting michaellobry
{quote} not sure if this helps to start using stoploss: You may win 99% or even 999% of the trades, you just need that 1 percentage/promille that empties your whole forex account. One spike and your margin is cut empty, leaving you with only 6 euro on your forex account. Those spikes occur once in 6 years on average (just check the history in a variety of currency pairs). I'm sure the gross here have been there and they found out that they could only trade with ZAR and AUD, not anymore with EURO and USD because the value of these currency pairs...
Hello michaellobry

. Those spikes occur once in 6 years on average[quote]

WHAT 6 YEARS????
No way in hell 6 years. I believe the market can have a MAJOR spike a minute after you read this post. The market is a wild beast, an animal that canted be tamed. It can spike now, later, tomorrow, next week, next year, next decade or never.
The question lies ahead “Can I manage the spike, can I truly overcome this giant beast?”.
I am not a professional trader, but I have something that works for me and it works really well. I have common sense and really good money management.
I don’t use indicators at all, they lag, they work on my nerves, I believe that indicators can’t predict human nature, understand the changing of currencies throughout the world is done by humans threw millions of bank wire transfers etc…etc… No artificial intelligence can predict human nature and behaviour. I have tried before thus making me part of the losers which is 90% (I stand under correction on percentage). On the same note I truly respect those traders that do use them, I admire them, I envy them, but they don’t work for me.
I have a simple method, nothing new, lots of traders won’t agree, lots of them do agree and those that agree have been trading this method since the beginning of internet trading to the public.
In a nut shell this is my basic way of trading. I mostly trade E/U and sometimes another pair. I plot support and resistance lines from monthly going down to hourly using different colours for different time frames in a hourly chart. These are ONLY guidelines and I use them for entries. I check daily tfs occasionally to check market direction. If my bias is up I sell high and buy low, I open a small buy position on support and sell on resistance’s grab 25 to 30 pips, sometimes 20, sometimes less. If the market breaks threw support or resistance I let it run. Sometimes it comes back and sometimes it does not. I DONT HOPE. The word HOPE does not fit in my trading style. The market either does or doesn’t return. If I feel after 100 or 150 or 300 or what ever I feel I will close the trade in a loss. So overall you banking more then you loosing.
For the spikes??? ……. I think this post is too long, maybe I shall post in another post.
  • #1,527
  • Edited 2:23pm Mar 4, 2014 2:09pm | Edited 2:23pm
Has the market ever changed 1000 pips any single pair in a single day? when?
let's run down what we can using the monthly charts:
In the Euro, the largest monthly bar is 2000 p down : in a Month, going back to 92
The euroaud climbed 4000p and then dropped 2000 p or so in 2007
The eurcad climbed 2000p and then dropped 500 p back in 2008
The eurgbp climbed 1500 p then dropped 200 or so in a month the same year
The eurjpy dropped 4000p then climbed 1100 or so the same year in one month
The USDCAD climbed 2500p then dropped 1000 or so the same year one month
The audusd dropped 2000p and came back 500p the same year
The gbpusd dropped 3800p and came back 800
Way back in 1998 the usdjpy dropped 2500p or so and back 200 or so in one month.
In 2013 the gbpcad continued climbing 800 p in one month
In 2008 the gbpjpy dropped 4100 p and came back 1800 p or so
In2011 the GBPAUD climbed some 1100 p or so

In2008 the AUDCAD dropped 1100p and came back 800
the same year the audjpy dropped 2500 p and came back 1000.
Last year the cadjpy dropped 900 p or so with little comback.

Those are the worst one month scenarios I can find.

Those are the pairs I play ( I may have missed one or two). Had I bet the way I always do ( I only go one way in any pair Lot size 0.08) and hung on like a madman to my losses (never happen) all month long, and scarfed up only the % of winning I usually do, and playing only during these worst months summed all together, I would have lost $500 or so out of my account , which is nearing some $4000 now. Okay, some of those moves would have made me money. In real life, I would have made a lot more money on the ones I made money on and lost a lot less money on the losers.

Playing the FX using my system, but like a blithering idiot, I would have lost less money than I lost in one of my 401K accounts, of about the same size, run by a reputable manager.

Design your set of pairs right, play them in correlated hedges, use a set of intelligent cost controls to avoid this worst scenario, as I do, (let the tax man subsidize your losses, if you wish). You have nothing to fear.

Bet all of your money on one throw of the dice, however, and guess what usually happens?

If you think, really think, you can trade without stop loss.
If you don't think, a stop loss will not help you.

Have I ever lost more than $500.00? You betchum! But not by trading all correlated pairs, obtainable in any of six different currencies designed in such a way that at least two pairs go into profit on any move, up or down of any size of any of six major currencies.

Your Mission, should you choose to accept it, is to devise a similar such system, devise way of managing the wrinkles so you can keep it on track, and become richer that your wildest dreams. My one caveat: remember the poor!
  • #1,528
  • Mar 4, 2014 3:16pm Mar 4, 2014 3:16pm
Nicely said Rap Skallion

Has the market ever changed 1000 pips any single pair in a single day? when? [quote]

Maybe it can, maybe not, not agreeing with you, not disagreeing with you. One thing I can confirm is that I WILL NEVER KNOW. I was trading back in 2008 Nov Dec, some scary stuff within those 15 min charts, no indicator, and no system in this world would have indicated or predicted signals moves in that market.I could we wrong as well. What i am saying it can happen anytime, possibilities are there, and if i am caught up in those swings I would want to be ahead of the game. The trouble is that only after the moves we see it in hindsight, but while those moves were taking place live we not seeing bottom, equity is dropping, balances are getting smaller, the psychology part of trading is even greater. Only after a few months we realize that market is starting to stabilize again.

I want to trade, I want to trade comfortable, i want to enter a trade and be calm. when i am calm i can concentrate, when i concentrate i can judge my action and not make fatal errors, stupid mistakes, mistakes that cost you money. I trade with extremely low leverage,3:1. Max leverage I would go is 5:1, then i get edgy, i don't like being edgy when i trade, i want to be safe, that's when i start closing loosing trades. If the market spikes to extremes on either side i can withstand the move emotionally physically and monetarily.

Rap Skallion, could you please go in slightly detail on your method of trading. We always looking for ways to better our trading stragedy.
  • #1,529
  • Edited 5:23pm Mar 4, 2014 4:56pm | Edited 5:23pm
Quoting pullice
Nicely said Rap Skallion Has the market ever changed 1000 pips any single pair in a single day? when?
Quote
Maybe it can, maybe not, not agreeing with you, not disagreeing with you. One thing I can confirm is that I WILL NEVER KNOW. I was trading back in 2008 Nov Dec, some scary stuff within those 15 min charts, no indicator, and no system in this world would have indicated or predicted signals moves in that market.I could we wrong as well. What i am saying it can happen anytime, possibilities are there, and if i am caught up in those swings I
...
Pullice, I advise you and anyone else interested to open up a demo account on the broker of your choice. Once this is done, Let me know your name on this thread.
Everything I do or say will be on this thread and anybody, anybody can read it, but after a week, I will commit myself to trying to answer questions only from the people who had done what I request. Others will be answered only if I choose. Scoffers will be ignored. Those who have cogent arguments against what I am doing are welcome. Maybe they can change my mind. Everybody benefits from an improved body of knowledge. Anyone who has a notion of how to deal with debt loads with techniques other than fixed stop loss will find me curious as to their ideas.

I will post how I am doing on the thread, and if not doing well, I will admit it, and try to figure why. I have nothing to hide or gain. I am an old man , trying to survive cancer, who knows his days are numbered (MAY THAT NUMBER BE LARGE, VERY,VERY LARGE...).

If someone claiming to be me asks for money, they are an impostor! Bear that in mind.

I am not going to demonstrate for you the proof of profitability of my system. You will do that for yourself, first with your demo accounts, and then with cash.

I strongly suggest you use a demo account with the MT-4 platform. That is the one I use, and will probably screw up trying to cope with others.

Now for some theory: Much of what I say will become, as I say it, so apparent that you may wonder why it needed saying, but yet be something overlooked by many people.

The Forex is unique in one very special aspect that is true in no other market I know of. All other markets deal in single equities:
The forex deals in equity pairs.
Well you already knew that didn't you?
You knew that as opposed to a buy, say in Acme widgets,that if you have a buy in the gbpusd, the pound could drop like a rock, and still move you into profit: the dollar just has to drop faster. Also the pound could soar like an eagle and still plunge you into loss if the dollar is taking off like a rocket. You knew that ( and probably passed it by. You might have wanted to get into stochastics, or something called fundamentals, or Fibonacci numbers. If you came form the stock market. you know a whole range of things called technical indicators). Call a halt to that and realize this first thing that I said for a while.

There is an implication here that probably does not become clear until you develop an awareness for a lot of pairs and how they interrelate:
You may have said to yourself, "Self, we shall concentrate on just one, maybe two pairs for a start, and try to learn everything we can on how just exactly how to predict how our pairs will react, just exactly when we should get in and where we should put our take profit and (everybody says we need them) our fixed stop loss. Then , after we understand these pairs, we may slowly branch into other ones." This approach, which sounds so reasonable that the vast majority of traders take it, is so flawed that is no wonder that the vast majority of traders lose money in the forex. This reason, more than any other, I strongly believe to be the main culprit.

Burn this in your mind as axiomatic:
THE MORE PAIRS YOU HAVE OPEN AND BEING WATCHED ON THE COMPUTER SCREEN, THE MORE GOOD TRADING SETUPS YOU WILL ENCOUNTER.
Look and the computer setup of almost any day trader and you will see multiple screens the better to accommodate all the stuff he is frantically trying to keep track of.
Don't worry, I will give you a device or two to make your day a lot less frantic. I'm an old man. Two, three hours a day with good naps in between suit me fine.

If you get a chance, look at some pictures of the trading floors of any major currency house. (My favorite is the Hong Kong -Singapore Banking Corporation, which has main offices in -- of course -- London).

Are there any of these big boys, the boys who make most of, almost all of, the money, who trade in just one or two currencies? Of course not.


I deal in Six major currencies: Six because that's about all I can comfortably handle at my age even with the devices I will give you. Six currencies, taken two at a time mean (6*5 divided by two)15 screens to monitor all of them. Each currency shows up on five different screens coupled with five different other currencies.

Six big major currencies that cannot make a sizable move without at least two, or three screens latching on to them and making me money. That's my goal.
Let me know that you have opened an MT-4 Demo by next Monday when I start. You will be my lead people (though you can do whatever you want with whatever I give you). And you will be, I believed, led to discover for yourself how to do this.

One way how to trade without a StopLoss: More tomorrow:
  • #1,530
  • Mar 4, 2014 5:04pm Mar 4, 2014 5:04pm
Quoting Rap Skallion
{quote}{quote} Pullice, I advise you and anyone else interested to open up a demo account on the broker of your choice. Once this is done, Let me know your name on this thread. Everything I do or say will be on this thread and anybody, anybody can read it, but after a week, I will commit myself to trying to answer questions only from the people who had done what I request. Others will be answered only if I choose. Scoffers will be ignored. Those who have cogent arguments against what I am doing are welcome. Maybe they can change my mind. Everybody...
Subscribed....I hope to have enough knowledge to pass forward when my time of age comes. I have open 28 pairs when I trade.
If you are good at something, never do it for free--Joker
  • #1,531
  • Mar 4, 2014 5:41pm Mar 4, 2014 5:41pm
Quoting jmn5611
{quote} Subscribed....I hope to have enough knowledge to pass forward when my time of age comes. I have open 28 pairs when I trade.
Holy Cow! jmn5611, However do you do it. You must be young and vigorous. I am fully ready to take lessons from you. When things get busy you gotta have bots doing the scuttwork!

To our mutual profit:
Remember the Poor.
  • #1,532
  • Mar 4, 2014 6:39pm Mar 4, 2014 6:39pm
Quoting Rap Skallion
{quote} Holy Cow! jmn5611, However do you do it. You must be young and vigorous. I am fully ready to take lessons from you. When things get busy you gotta have bots doing the scuttwork! To our mutual profit: Remember the Poor.
I am not that young, but what I follow is very simple. When things get busy, I do not take parallel signals, like E/A and G/A giving signals at once. I will only take on or the other of those. I do not trust bots.

I have respect for elders, so I just wanted to tell you how many pairs I do trade. Your wisdom will surely come in handy.
If you are good at something, never do it for free--Joker
  • #1,533
  • Mar 4, 2014 7:03pm Mar 4, 2014 7:03pm
Quoting Rap Skallion
{quote} THE MORE PAIRS YOU HAVE OPEN AND BEING WATCHED ON THE COMPUTER SCREEN, THE MORE GOOD TRADING SETUPS YOU WILL ENCOUNTER.
Quoting Rap Skallion
{quote}I deal in Six major currencies: Six because that's about all I can comfortably handle.......
Isn't that being a bit contradictory ??

..... and then

Quoting Rap Skallion
{quote}I am fully ready to take lessons from you. When things get busy you gotta have bots doing the scuttwork
It seemed to me that jmn5611 was trying to be MOST respectful.
And you simply disregarded it.

If it's "your way or the highway"... count me out.

Personally, I have nothing more to say. (yay)
When the Joker is in the deck.. fear not and play it well
  • #1,534
  • Mar 4, 2014 7:05pm Mar 4, 2014 7:05pm
Quoting pullice
I want to trade, I want to trade comfortable, i want to enter a trade and be calm. when i am calm i can concentrate, when i concentrate i can judge my action and not make fatal errors, stupid mistakes, mistakes that cost you money. I trade with extremely low leverage,3:1. Max leverage I would go is 5:1, then i get edgy, i don't like being edgy when i trade, i want to be safe, that's when i start closing loosing trades. If the market spikes to extremes on either side i can withstand the move emotionally physically and monetarily. Rap Skallion, could...
In my view, not being able to truly accept a loss is why many go down the route of averaging down, not using stop losses, martingale, etc.

I agree about the psychology of trading. For those averaging down, martingale, etc, they are just exposing their accounts to tremendous amounts of risk. I'd say their root problem lies in not being able to take multiple small losses (relative to gains) while letting their edges play out over time. This explains why trading system threads die over time. Newbies and amateurs lose 3 times in a row and start to seriously doubt themselves and their system. They also risk ridiculous amounts per trade. They start making unnecessary changes to their systems or even jump to the next. This process could potentially take up years because of the time spent learning a new system and then going to another. Assuming the trader has an edge, the problem then is psychological. Unless you have the proper mindset you will never make it as a successful trader. Ask yourself if you want to spend years and years searching for the non-existent Holy Grail trading system, or if you want to learn how to trade properly.
  • #1,535
  • Mar 4, 2014 7:33pm Mar 4, 2014 7:33pm
Quoting Slim Buffett
{quote} {quote} Isn't that being a bit contradictory ?? ..... and then {quote} It seemed to me that jmn5611 was trying to be MOST respectful. And you simply disregarded it. If it's "your way or the highway"... count me out. Personally, I have nothing more to say. (yay)
Slim: I was trying to complement jmn5611. Something obviously did not come off right. I apologize.

I have followed his posts, because I recognize a person of substance. If I could handle more than 15 screens , I would. The idea of just sitting back, picking some screens and not scrambling around like in idiot (which I have sometimes done) is a good one. I am thinking of adding another currency. which would bring the total number of screens to 21 in my scheme. I only have one monitor. Perhaps my laptop could be another and provide me more room.

I would prefer you ignore my age, and simply look at my ideas. Cogent argument as to why and how my thinking fails, or may fail, is valuable. I am no guru. I give credit for what is good in my thinking to the teaching of others. Get up a demo for yourself. Try out what I suggest and see for yourself what works, how it can be improved.

28 would be better than 21 . If you can do that, go for it.
(by the way I don't like bots either).

Yeah, maybe 28. I was so happy with the results when I went to 15 I stopped thinking. 28> Hmmm...
Would the increase in profits be additive, or multiplicative? 8 major currencies in all their variations: some 30% increase in potential profits, Compounding that much more quickly. -- Maybe I'm just getting start down the road he has already traveled, Hm?

Thank you for your post. :-)
  • #1,536
  • Mar 4, 2014 8:00pm Mar 4, 2014 8:00pm
Quoting Rap Skallion
{quote} ......... and simply look at my ideas. Cogent argument as to why and how my thinking fails, or may fail,
All apologies if I was "out of line". There was simply a few of your words that did not seem "right"... IMHO

If you start somewhere from this.................

Quoting Rap Skallion
{quote} I will commit myself to trying to answer questions only from the people who had done what I request. Others will be answered only if I choose. Scoffers will be ignored.
And actually READ your own posts (and this isn't 'your' thread)......
perhaps you'll understand......... ?

The understanding of ones self is perhaps the greatest challenge one will ever face.

All the best.
When the Joker is in the deck.. fear not and play it well
  • #1,537
  • Mar 4, 2014 8:24pm Mar 4, 2014 8:24pm
Quoting Rap Skallion
{quote} Slim: I was trying to complement jmn5611. Something obviously did not come off right. I apologize. I have followed his posts, because I recognize a person of substance. If I could handle more than 15 screens , I would. The idea of just sitting back, picking some screens and not scrambling around like in idiot (which I have sometimes done) is a good one. I am thinking of adding another currency. which would bring the total number of screens to 21 in my scheme. I only have one monitor. Perhaps my laptop could be another and provide...
I doubt that I have done what you have not yet done. There is nothing new in forex, or in trading in general. A serious study in Gann, Wycoff, Elder, etc. will reveal that. It has all been said and done before. But there are always newer ways to do old things. So I will be perpetual student in the market, no matter how much money I make. If I can make more money in less time then it is always worth being a student.

When and where do we begin Rap?

To Slim, your incisive manner makes you a nemesis to many, but your commentary always cuts through any shenanigans that might be brewing. I appreciate your input.
If you are good at something, never do it for free--Joker
  • #1,538
  • Mar 4, 2014 8:29pm Mar 4, 2014 8:29pm
Quoting loleno
{quote} In my view, not being able to truly accept a loss is why many go down the route of averaging down, not using stop losses, martingale, etc. I agree about the psychology of trading. For those averaging down, martingale, etc, they are just exposing their accounts to tremendous amounts of risk. I'd say their root problem lies in not being able to take multiple small losses (relative to gains) while letting their edges play out over time. This explains why trading system threads die over time. Newbies and amateurs lose 3 times in a row and start...
I find nothing wrong with what loleno says. I would add , since this thread is about trading without a stoploss, you Must have something in place to bring down the debt load of trades not in profit. Either you do, or your broker calls margin. A major help is to reduce the amounts you risk per pip in any one trade. The less costly the loss, the easier it is to close at a loss. That should help you to keep the debt load under control. There is such a thing as an addictive personality. If you have one for gambling, trading the forex is unhealthy for you.

Every trade starts out as a loss ( the spread) and your debt is carried by the broker for you until you close the trade, (preferably in profit, of course) or close it at a loss.
An account in good health is an account where the principle is growing faster than the debt load. You will be okay, in other words, if your other trades are such that their profit is greater than the loss you would incur if you closed your losing trades. If not, you are not okay, and must do something over the long haul before you lose it all. Martingale is a disastrous strategy for a trader to adopt.

The scam artists at questionable stock brokerages almost always are touting some form of martingale to their customers. " You bought it at $100. Now it's at $50, so it's a real bargain. Buy some more". This has lured more unsuspecting victims into disaster in the market than any other scam.

No plan is solid without a rock hard way to reduce debt load and a person with the cojones to do it. I would offer this as well. Cutting your losses has such a therapeutic effect. It's like taking a good hot shower when you're covered with s--t. Get over the reluctance to do the rational thing.

Hey loleno, how'd I do. Is this good or am I full of it?
  • #1,539
  • Mar 4, 2014 8:47pm Mar 4, 2014 8:47pm
Quoting Rap Skallion
{quote} I find nothing wrong with what loleno says. I would add , since this thread is about trading without a stoploss, you Must have something in place to bring down the debt load of trades not in profit. Either you do, or your broker calls margin. A major help is to reduce the amounts you risk per pip in any one trade. The less costly the loss, the easier it is to close at a loss. That should help you to keep the debt load under control. There is such a thing as an addictive personality. If you have one for gambling, trading the forex is unhealthy...
The forex is a ranging market. You can cut losses with hedges. You can also trade in a fashion that after so many wins you can closes serious losers with a net profit.
If you are good at something, never do it for free--Joker
  • #1,540
  • Mar 4, 2014 10:59pm Mar 4, 2014 10:59pm
Quoting jmn5611
{quote} The forex is a ranging market. You can cut losses with hedges. You can also trade in a fashion that after so many wins you can closes serious losers with a net profit.
Totally agreed: Exactly what the plan is. I think you have already proven to yourself the basic premise, and am perfectly willing to call it your premise.
Incidentally I need a new broker: Mine (ibfx) only offers 25. Perhaps my tiny account is too small for them to offer me others ( on my real account)?

To Slim: This is my thread only in the sense that I belong to it (for now).
I actually read my posts several times before I am done writing them (Not that that does a lot of good)
That was Socrates favorite motto. Know yourself: I wonder if any ordinary mortal has ever achieved it. I am still on that journey. Your posts are good for me:

It is not yet tomorrow, but here is some more "theory". (With the understanding that there may be, and usually are, some differences between theory and THE TRUTH )

It is probably obvious to anyone who has bothered to trade for any time or even read about trading:
There are lines of Resistance and Support, which have relatively long lives, where resistance can become support, and which the current market price needs a reason to cross.

One way of thinking is that traders remember where the price hesitated or turned around before, and tend to look for confirmation before crossing these.
In my way of thinking the most important of these are horizontal rather than trend lines.

I call this reason a "push": the theory is that the market only crosses that line when it is "pushed" to do so.
Thus (for want of a better idea and only for that) "push" has for me in this milleau a very specific meaning (or non-meaning, or, (I don't know what) this):
"A push is something without which the current market price will not cross a line of support or resistance."
This is little more than an empty metaphor the profitability of which is looking for and identifying various kinds of pushes and whether or not one is actually present.
This leads to a very important converse: "When current market price crosses a line, it must be receiving some kind of push".

I believe that by identifying and detecting the existence of these pushes one can build a highly reactive, sometimes probabilistic-ally predictive way to trade in profit.
I believe, in fact, that there are very few ways to attain more profitability than a system resembling this type:

One of the major sources of pushes comes from the fact that in the forex, we are dealing with pairs of equities and not just equities alone.
I will elucidate later.
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