How many people have more average pips on winning trades, than average pips on losing trades ? For example 10 pips on an average losing trade, 70 pips on average on a wining trade ?

5 years and still no strategy

I guess it all comes down to predicting vs anticipating. If we are looking towards buying when the price breaks the last swing high. We could either be simply anticipating that the price might continue higher afterwards. Or we could be predicting ...

There is no such thing as technical analysis

The dilema is though : Does geometry simply describe the entire world ? Or geometry is a actually such a thing which creates order in the world? Similar to the dilema on the first pages : Does technical analysis suck because it could even be applied ...

There is no such thing as technical analysis

Most people will get different images when reading your post) For example some will think that you scalp from a pivot level to pivot level, some will think that you scalp with bollinger bands, some will think that your scalping trades last for ...

There is no such thing as technical analysis

Most arguments though appear just because people are talking of different things without understanding it. For one technical analysis could be having 5 indicators, bundled with trend lines. For the second technical analysis might be pure supply and ...

There is no such thing as technical analysis

It amazes me that people who are so "good" with technical analysis. Get so angry when someone says that technical analysis doesn't work. It's a very sensetive topic for them. It usually happens when people are so frustrated that X doesn't work for ...

There is no such thing as technical analysis

Nice green boxes you have there for sessions and the days))) how do you use them?

5 years and still no strategy

Why not just use ohlc western bars though? Personally I love them because its easier to view the charts with them. I assume that you blackout candles in order to avoid confusion of all the individual bullish/bearish candles.

5 years and still no strategy

I used to love m1 zoomed out in order to get a more precise feeling for the price activity : ranges, tops and bottoms of swings. The problem though was that I used to get stoped out too often. And since I'm trying to capture as much of the day as ...

5 years and still no strategy

Here is a simple illustration (my chart) of what I wrote above. Things to consider : The open-low range in comparison to open-high range in bullish trending days. The open-high range in comparison to the open-low range in bearish trending days. ...

5 years and still no strategy

Personally lately I focused only on the following: The OHLC of the day. I do use m15 to visually see what the price is doing, and to find tops and bottoms. But I view the chart only in the context of the current day, and the last day. Open - if ...

5 years and still no strategy

The reason why stock exchanges still have quote boards showing open high low current price (close) for the day. I guess originally they traded just based on that. Afterwards candlesticks/bars were invented to visually represent the data. All in all ...

5 years and still no strategy

I used a fun hack for MACD. Say I'm trading the m1 chart. I have a 60 s.m.a. on it. Now im tired of tilting my head to see how far or close is price in relation to my s.m.a. What do i do? I set my macd to 1,60,1 Short ma to 1 (representing the price ...

5 years and still no strategy

Therefore most are initially doomed because they started learning about trading from guru threads and popular out of context advices of blind ? Hmm.. what I do like however about cults, or it would be better to say admire, is how seemingly flawless ...

5 years and still no strategy

Yep, thats one of the many reasons why I don't bother with the VolumeSpreadAnalysis pseudo intellectual masturbation of retail forex. As someone said : "If you can't explain why something works in a few simple words, than either you are bull ...

5 years and still no strategy

For me the high reading of volume just shows that the bar/candle was huge. But I can see it with my eyes, thats why I don't even bother to look at volume. However In the example above it was easier to demonstrate that there are relatively huge ...

5 years and still no strategy

USDCHF last 25 days worth of h1 data. Nearly each days volume is the highest during the middle of the day. Looks like a bell curve. Doesn't that prove that atleast the acitivity/volatility in forex is not random by the way?

5 years and still no strategy

Isn't a talent simply something which is attributed to "luck" when an individual is really good with a certain skill? Ofcourse due to individuals having acquired different skills and knowledge since they are 3 years old. Each individual by the age ...

5 years and still no strategy

On the other hand, the only way to find out if price will make that move which we hope it does. And have a chance of getting money out of it. Is simply to bet on it, while attempting to minimise loses and ride the move if it sets of.

5 years and still no strategy

Art is also a science. And science could also be art. Trading is a science, there are quantifiable variables which offer an opportunity to be exploited (for example volatility clusters at a well known constant point of time such as session oppenning ...

5 years and still no strategy