Seems like those returns build up, now we will close the NZD short before midnight or before US unemployment report, just to make sure. We will book 3-4% solely on that trade, and let the others roll till tomorrow.Then tomorrow midday we will close ...

Trading like a Pro

Yes it is the effect, but you cannot predict the price from the effect, you can only predict it from the cause, find the cause and then trade it accordingly and dont waste time analyse patterns after.

Is random really random?

Man you clearly didnt read my post.I didnt said that TA is useless, it has its own use, which is to determine the frame in which to trade, and to navigate trough the price in an orderly way. The only thing that i disagree about TA is its predicting ...

Is random really random?

TA alone is not enough.Drawing a few nice lines on the chart wont move a 5 trillion dollar market neither it will predict it. TA only gives a framework in which you can move, so to say you detect a major S and a major R line in which the price is ...

Is random really random?

Ok rules are revised, we will be professionals now and try to not lose any trade (only if its possible) That doesnt mean that i will hold on to losers, dont get me wrong, i`m not that NO STOPLOSS guy who holds on to losers in expectation of ...

Trading like a Pro

Ok looks like we have a problem with the 2:1 RR rule, i think it doesnt hold on timeframe so little like intraday.And since i trade intraweek and intraday, we must have a more flexible approach. We will use big SL with big or medium TP, however the ...

Trading like a Pro

Well yes, the retailers have disadvantage on the news trading, since there are almost instant news feeds combined with high frequency traders which can trade any news with 1-2 milisecond delay maybe.While poor retailers have to suffer requote,broker ...

Is random really random?

Even so if you find a temporary pattern which shows a real edge with positive expectancy trading it, you never know when those rules change. Suppose the "morning star" pattern worked perfectly 50 years ago on the S&P 500, it predicted every single ...

Is random really random?

Depends also on the importance of the event.Lemme tell you 2 events and you tell me the difference between them: 1) Due to a landslide/earthquake a major australian gold mine just collapsed...investors are concerned over the effects of this on the ...

Is random really random?

An illusion in your brain.There are no patterns in the market.

Is random really random?

Patterns are only illusions in the human brain.There are no such things as patterns in a market as random as forex. That doesnt mean that the market is totally random, it just means that you are "knocking on the wrong door", to say.The same mistake ...

Can someone explain patterns please?

There is no reliable system like that.You can find many of them all sorts of combination, but none of them will be reliable.

Looking for a 3-10pips system

They don't

Why do trendlines work?

Depends on how many is there already in the market, how big the market is, what is the sentiment, etc I dont think that anyone other than the market-makers themselves know this information.

How much is needed to move the market?

Because people only brag if they are good , they never come out and admit they lose.So consider that those few that you see braging, there are 10x more who dont come out public and are ashamed as they lose their money. The 99% loser / 1% winner ...

95% traders go broke, only 5% survive

TA alone is not enough.

Is random really random?

No its not, get over it already guys.

Is random really random?

2 Trades left winners, and put on new trades, lets see how it goes.Remember we have 3:1 RR so 26% winrate theoretically will be profitable, dont be scared of such low winrate

Trading like a Pro

Hmm looks like first basket was wrong, time to try another basket. Total risk 10%, margin level 150%, lets see if this one will hold

Trading like a Pro

Or NOT

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