Try to learn about market structure and context. Patterns only work within the right context (trading range, trending, accumulation/distribution,...
You need to be able to provide some statistics to prove that it really works. You may think it is a great idea and trust me there are tons of...
You should trade reactions to the news, not during the news.
Did you backtest? What are the sample size , winning percentage , % return, standard deviatiom and max drawdown? Or it is just an idea in your head
Completely agree, to me trade/risk management is way more important than trade entry. It is very hard to get the entry perfect at one go. Start...
Well, she did not practice trade/risk management and justified her decision by praying to God (serious :D). Her investments are super risky.
i think win rate is not important. For scalpers like me, win rate can be very high. But it is meaningless if 1-2 loss wipe out all small gains...
I know you are probably stressed out and this guy is probably a scam (just like most bots out there). Maybe you can try to do trial next time to...
I am saying even if it is legit, it probably only works for the creator and you need to have the power to finetune it to your strategy. You cannot...
Are there any profitable bot out there? If it is profitable, why even sell it? Just made no sense. Even if it works, it may work for a small time...
I think you are making trading too complicated. You do not need to write 1000 pages like Brooks to trade well or teach. Your trading plan should...
In that case, we cannot compare right. The pro would have a lot more money to trade. The amateur account size would be very small. Unless we...
I understand what you mean. Personally, for me, I found BB too obvious :D For my setup, I always keep a 5 mins chart for short term and 4 hours...
Interesting, this is the first time I heard of this. Just did some quick reads, look like they are just some pivots :)
yea, PFE is having a very nice range expansion. I only trade indicies as they are almost 24 hours. Still have not figured out how to utilize VIX...
Just wonder if anyone has creative ways on trading volatility. For me as scalper, when a day is overly extended i.e. reaches or pass ATR of last...
I would suggest you read more on market structure i.e. break out -> tight/broad channel -> trading range and back again. Once you know which stage...
If you like to trade breakouts and buy during consolidation, then I recommend you to read Bob Volman: [MEDIA] . His book is an easier read...
in those situations, the best thing to do IMO is to wait for confirmation. Remember that if the market in a trading range, most of the breakouts...
eh no he did not teach you which candle to buy but read the context and weight the probability. If you jump in too early, then probability is low...
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