90201what about trying to Figure what ccycle the market makers are in I Believe That's about as close as one can get to knowing what way the market is currently heading accumulation /distribution
90201what about trying to Figure what ccycle the market makers are in I Believe That's about as close as one can get to knowing what way the market is currently heading accumulation /distribution
90201Automated trading progr fail since they do not Understand How to interrupt or remain abreast of breaking fundamental news. The market is far too HUMAN for almost any lines of codes to MASTER. A trading egy involves HUMAN INSTINCT in addition to logic, and instinct is tied into discipline.
90201Yes.
For me personally, Holy grail is about personal the greatest winning way in trade.
I thought, eventually evry traders will find it because every individuals has survival insting inside that may lead into the ideal path.
What do we need is simply learn and understand, practice and exercise.... You will be taught by your Self. All this require time... how long time will require, is parameter for the distinction of dumb and smart traders.
96544Yes and it's easier than you might imagine. Assume the market tails , heads up and is a coin toss. You, the trader, needs to guess heads/tails. On the long haul the market will often (trend) into 50/50. If you change your guess, you have a chance (though slight) of constantly guessing wrong. If you pick heads, the prospect of you guessing wrong is slight.
How to make this work for you? As you can guess from my name, I trade GBPUSD. The H1 range is over 30 pips. If I trade short and place my stop in 10 pips, I am in a place to create 30 or more pips when the GBPUSD goes on a run. That makes up for my losses.
H1 chart:
M5 chart with H1 history:
trading only once a hour prevents getting chopped to death. It's either a loss, no trade or a triumph. Knowing when to quit while ahead is what separates the winners and in gambling.
96544IMHO knowing when not to quit (i.e. let winning trades run) is what separates the winners from the losers.
96544Knowing when not to quit, implies knowing when to quit. Conversely, know when to quit implies knowing when not to quit.
The question, Is it time to quit? , is the query to be answered.
When the solution is, No, it is not time to quit. Allow the winning trade run., then implies at some stage in the future you may decide it is time to quit. That brings us back to my first statement.
Knowing implies having the skill to determine under what conditions it is ideal to allow a winning trade run and under which conditions to exit. You can never know the result of your choice beforehand.
96544I replied previously the only Holy Grail is at the Monty Python movie of the Identical name.
Trading properly, profitably, always is my target, not grail.