Each losing trade is an opportunity to learn
Alpari demo account, is it in real real time? 26 replies
My last journal (I'm for real this time) With live calls. 6 replies
DislikedYou should try looking at the EURUSD if you are going to trade CHFJPYIgnored
DislikedCorrelation coefficient in the 4h chart is close to 100 and it is definitely a more volatile pair.Ignored
Disliked{quote} Careful with the correlation thing, it's not reliable at all and some pairs can go from positive correlation to negative correlation in the same day, on the smaller time frames, depending on price action.Ignored
DislikedOf course, there is always the event where the correlation fails but with a reason.Ignored
DislikedJust curious, if you are trading on signals, why not just move to automated algorithmic trading? It would save you 10 hours of staring at your computer screen.Ignored
DislikedShorting NZD/JPY at 88.88 (limit order), 40 pip stop. If limit order is triggered trade will be closed at exactly 3PM (NY time), win or lose. I never carry trades over the weekend.Ignored
DislikedShorting NZD/JPY at 88.88 (limit order), 40 pip stop. If limit order is triggered trade will be closed at exactly 3PM (NY time), win or lose.Ignored
Disliked..the biggest challenge for any trader is not to find a good entry point but the optimal EXIT point. In fact, a few studies have shown that it is possible to make money even with completely random entry points, assuming you have the right exit strategy.Ignored
DislikedHello Sir, The profound trading insight you've emphasized is perhaps Principle Number 1 any aspiring trader needs to Internalize - {quote} It is astoundingly supported by that even 'random entry - proper EXIT' small yet proven profitability has been experimentally verified! btw similar fact is mentioned in a book by a trader/mentor of some acclaim who goes by the alias "Igrok", where he gives arbitrary price level as a possible entry point. Also Your motto Manage your losses first etc. is certainly even more critical - so can be taken as Principle...Ignored
Disliked{quote} ... I must admit that I was totally shocked when I learned that it was possible to make money even with random entry points. I said to myself : "What? What kind of nonsense is that??" And that's when I started to realize that an exit strategy is even more important than trying to time the market. But both are important of course. The best of luck to you too.Ignored
DislikedThis is in analogy to CUTTING LOSSES SHORT-ER and allowing WINS for LONGER, even if the winning movements of price and losses are initiated randomly - like in random entries, the good traders by making NON-random choices, biased in favor of allowing longer wins, become profitable.Ignored
Disliked{quote} You are absolutely correct. But this is ONLY possible because the market itself is NOT random, to begin with. Otherwise we would all make a killing at the roulette table, for example, just by following this random-entry strategy.Ignored
Dislikedthe trader metaphorically 'climbs and rises" in small steps to large accumulated equity.Ignored