I do trade and I am profitable. I would be losing quite a lot if I did not implement what I just said (and more of course) on every trade. Supply / demand - price action is meaningless in itself. It's only one of the thousands of proxies that people ...

ReadtheMarket - Supply and Demand with Price Action

As I said: there is no order in the market most of the time. adding to this: this "order" changes over time. adding more to this: the only reason any method appears to work is due to proper trade selection and especially proper risk management. and ...

ReadtheMarket - Supply and Demand with Price Action

The price structure cannot be designed. Of course the brick and mortar (buildings, computers) that hosts the market is designed - just like the design for your garden - but what "grows" in the market (price movement) - or in your garden (the ...

ReadtheMarket - Supply and Demand with Price Action

The real issue - as in all price formation - is that it's after the fact, (hind sight always = 20/20) and is therefore not reliable. You will be lucky on some and can post a chart to "prove" that it's valid and then make sure to ignore the ones that ...

ReadtheMarket - Supply and Demand with Price Action

Much to his credit he is not the only one.

ReadtheMarket - Supply and Demand with Price Action

The one reason that trumps all other reasons why traders lose They are indoctrinated with the belief that it's necessary to lose (now) in order to win (later)

The one reason that trumps all other reasons why traders lose

Things a trader should never do Trade the forex ?

Things a trader should never do

Painstakingly calculating your RR when it is positive gives you that warm and fuzzy feeling that may you are onto something... only to be proven very wrong after the next trade or two. RR was created by Mr. Tharp so that he could sell books and ...

The Smoke and Mirrors of the Risk/Reward Ratio

ok. so you buy and the price goes down. You sell and the price goes up? Is that what you mean? If yes, that's what the price is supposed to do. therefore they cannot be bad trades and your trading cannot be bad trading. Just put a "plus" in your ...

My trading is bad trading

Why do you think those trades are bad ? Why were they good when you took them?

My trading is bad trading

You should check if the reverse is also true.

Trading Without a StopLoss

How can you be certain or your risk-reward ratio when the outcome (reward) is a random event?. The risk can be known but never the reward. Therefore you can never rely on the current expectancy for the future. Mr. Tharp's work has the appearance of ...

There is no Holy Grail

The market must be efficient (it is not possible to win - long term) in order for it to function. You can amuse yourself trying to find anomalies (ineficiencies) but they are only temporary and a futile pursuit. Over time the set of traders / ...

why have you accepted the price-predictability assumption?

The bigger the market the more efficient it is. Inefficiencies are only temporary.

why have you accepted the price-predictability assumption?

"Divergence trading is one of the classic methods of TA " Total fallacy. Why does it not occur to you that it's the price that creates this pattern and not the "divergence" in the indicator ? The indicator follows the price and is therefore ...

Why did this example of hidden divegence trading fail?

Bitcoin will crash way below 100, disappear and get reincarnated as a new craze that will enthrall the masses. The herd needs it the herd wants and demands to be used and abused, the herd is (financially) self detructive, always was and always will ...

Bitcoin technical analysis

You are only a millionaire, aren't you?

Is it possible to become a billionaire trading Forex?