- Search Metals Mine
- GusParker replied Aug 18, 2023
Yes....and u seemed to be calling that a high rr trade (me calling it a high win rate was an obvs typo). But it isn't. 2:1, 3:1, is what the overwhelming majority of retail traders aim for.....and all I was trying to tell you, is that the most ...
Moving on from 1:1 Risk-Reward
- GusParker replied Aug 18, 2023
No. You said 3:1. Every retail trader and his dog aims for that. As per the study, a 'high win rate', is when a trader is looking to get into a position on some asset and let it run and run into a huge win. Hardly any retail trader does that, as we ...
Moving on from 1:1 Risk-Reward
- GusParker replied Aug 17, 2023
Get yourself a EMA/MA script that allows for multiple EMA/MAs, which you yourself can edit. This allows for all 8 or so of the moving averages that you use, to count as just one indicator as per your Trading View subscription allowance. The one I ...
Any Advice for a Beginner?
- GusParker replied Aug 17, 2023
Nope. This is dead wrong. Which isn't surprising as it is what every retail trader and their dog aims for...including myself, as old habits die hard. The studies have been done. The most profitable strategies, are those with low win rate, and huge ...
Moving on from 1:1 Risk-Reward
- GusParker replied Aug 16, 2023
Moving Averages. Most typically 8 EMA 21 EMA 50 MA 100 MA 200 MA And multiple timeframes, i.e. Weekly, Daily, 4Hr, 1Hr, 15min. And if u are a beginner, I suppose you should at least know what momentum indicators such as RSI and MACD are, and how ...
Any Advice for a Beginner?
- GusParker replied Aug 15, 2023
This setup is called. Cya L8r Brian Beamish. Ideally, your trade direction matches your bias, which you will have your own sound reasons for. (with that said, our bias is often wrong, and this trade setting up will often be a solid signal that we ...
Please suggest a simple & effective Method/System of "Trading System" Forum to...
- GusParker replied Aug 15, 2023
Nope. No BS, it literally will take (most) people years. If you think the markets are so simple that they can be beaten by some clunky strategy with a few straightforward rules, then (like so many newbie traders), you are very sorely mistaken. The ...
To the profitable people
- GusParker replied Aug 15, 2023
This is an interesting point but also a debatable one, providing I can first clarify, that any 'concrete' 1+2=3 strategy, is almost certainly a bad strategy. For every example a tarder can show of his MA cross strategy, divergence reversal or flag ...
Worst strategy ever