What is your edge?
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thread: What is your edge?

  1. #1
    Junior Member Mohaoxd95's Avatar
    6

    What is your edge?

    Trading with no edge will lead to collapse, as everybody here knows. To succeed in trading you want to get a trading egy with an edge and an appropriate risk management egy to ensure you stay in the game long enough to find ample opportunities to apply your advantage and realise your winnings.

    I wrote a little article about it in my blog in response to an email I got. The guide is called http://www.myforexdot.org.uk/trading...that-work.htmlif anyone is interested in reading an commenting on it.

    There are only three things that I know about that have an edge. The trend, the consequences of support and resistance and momentum.
    The trend operates best on markets like big FX pairs that are driven by economic fundamentals (most especially the EUR/USD). Support and resistance seems to occur on markets that are driven by speculators. Momentum seems to be a bit more difficult to nail it down happens firmly on pairs like the GBP/USD but it's successful on almost any market that's prone to making big movements that are sudden. The borders of the trend and encourage and resistance are pretty much mutually exclusive, i.e. the more powerful the trend that the effective support and resistance will be. So these are the only edges I apply of and the only advantages that I am aware.

    My question is: what is your advantage, how do you apply it and how do you know that it actually works?

    Thanks

  2. #2
    Junior Member Andreltts's Avatar
    1
    It's a free world and everybody has a right to ask, but I concur with you. If you're making money day in day out, most of the time, for decades, then I really doubt you will let the bird so readily. On the other hand, nobody can give us anything at no cost in this world. Everything values something comes with a price tag on it and a big one. It's a life time adventure and only a few us will make it. One thing I will say that learning to read charts will make you cash then reading private forums as time goes by. The crowd can't...
    nicely I really do understand what Cindy is saying, Iv literally been operating the markets for decades, and spent 100,so of hours looking at the amount,s to return to my advantage,, If a fellow trader isn't eager to drive,pursue the knowledge and perspective required then it.s absurd ( I sense ) to just give them a border. Iam really not here to make money (fine though when I do). .
    Trading is not just a mental exercise, but a true exploration of who and what you think you're and most importantly what you fear. . Actually fantastic movie called revolver trading movie I ever seen. .
    Expect it helps
    hemp
    Auk,Chicchan,ahau

  3. #3
    nicely I do know what Cindy is saying, Iv literally been working the markets for decades, and spent 100,s of hours looking at the number,s to come to my advantage,,...
    Everyone gets what they want out of the market, Ed Seykota. I like this quote. After another world famous trader said to me: trading can't be taught, but can be learned. Not or more from this time I never looked back and was hooked. I carry around hours of screentime under my belt and it begins to pay off. Came a long way and have a very long way to go. Remember that no dream is to big and sky's the limit

    p.s. revolver wasn't bad, seen it a few times.)

  4. #4
    Anyone fix the McDonald's riddle?

  5. #5
    Senior Member layunny's Avatar
    195
    Anyone fix the McDonald's riddle?
    Yeah... Mc Donalds give people what they need and so long as the drive through's receptive individuals will probably drive into it seemingly

    . . .Profound

    I'm sure there's a deeper message knowing Scotty but he did not elaborate more than that.

  6. #6
    Yeah... Mc Donalds give people what they need and as long as the drive through's receptive people will push into it apparently...
    Jesus. What does that have to do with forex??

  7. #7
    Senior Member layunny's Avatar
    195
    Jesus. What does that have to do with FX??
    Well all I can say is that the obvious Reply to that seems a bit too obvious so that your guess is as good as mine

  8. #8
    Junior Member Mohaoxd95's Avatar
    6
    its one thing to have a statistical advantage, its another thing to generate money with it.
    But are you would like to share this advantage? I suppose it is something related to momentum/price action, are you going to describe how you know that it works and describe it in greater detail?

  9. #9
    But are you will to talk about this edge? I suppose it's something to do with momentum/price action, will you describe how you know that it works and describe it in greater detail?
    Sure its no secret, easy price action patters, largely pins and interior bars. Im working out and earning money, although im not performing 1000% monthly.

    Its descretionary therefore it cant actually be statistically validated or backtested, I can only state that it works from trading records.

  10. #10
    I believe men and women in their search to predict the future come up with a lot of unnecessary chart clutterfaith or faith on lines.

    The advantage is to take a look at the overall market structure and see the 2 sides of each trade. Use what we know for certain, to give us egic positioning.

    What are the predictable things concerning the market that we all know about?

    1 the market goes in three ways: Trending bullish, Trending bearish, or consolidating topping/or pausing.

    2 the market moves in waves, for each strong directional move it will be finally be followed by a cancel tide.

    3 the market is pegged to the US dollar and many of what the majors do are influenced by the strength or weakness of the dollar.

    Now the best way to utilize this and exactly what egy you device is all up to you.
    Indiors are excellent if you know the way to use them and WHEN NOT to use them. Learn how to utilize your account balance as tool to manage risk.

    Know that Time frames are not distinct from one individual but as below so above. The 1minuet are close to the market pulse, know that 5 candles are composed of 5 1 minute candles, 1 hr candles are composed of 12 five replicas and 60 one candles. The daily is but 288 five candles, 24 one hour candles and 1440 one minute candles.

    So If You're a price action individual do not go Searching for pin bars or reversal candles, know the price within the candle along with the area in the chart according to market construction

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