- Search Metals Mine
- 324 Results (315 Replies, 9 Comments)
- tomorton replied Apr 4, 2019
It has to be taken for granted that if such a high percentage of traders fail, then most currently active traders are new. Mathematically obvious. But the ESMA data say nothing about what methods the losing traders used or how they used them or what ...
Why in the world would any trading setup work?
- tomorton replied Apr 4, 2019
Again, its a rational standpoint but wrong. You're saying most new traders use TA and most new traders fail so TA is rubbish. There is insufficient evidence in the ESMA winners/losers percentages to draw any conclusion about TA.
Why in the world would any trading setup work?
- tomorton replied Apr 4, 2019
Its a rational viewpoint - if we all have the same data, we should all make the same decisions. But in practice this is incorrect - market participants have different time-framed objectives, different preferred strategies, different responses to FA ...
Why in the world would any trading setup work?
- tomorton replied Apr 4, 2019
What exactly happened?
Regulation question about suspicious broker activity
- tomorton replied Apr 4, 2019
I'm trialling trading the London open on GBP/USD and a few other markets. Have come to find that the break-out moves are very short and quick, so often no positive r:r. The reversals from swing highs or lows showing a better return right now. I'm ...
London Open Breakout Strategy for GBPUSD
- tomorton replied Sep 8, 2018
Completely agree with both points, positive expectancy systems become more profitable through pyramiding, negative expectancy systems stay negative. But I don't think many traders appreciate how much of a difference pyramiding makes. It potentially ...
Trend Trading
- tomorton replied Sep 6, 2018
The opposite effect could be argued from the same factors. Without evidence its just not possible to show either is a true conclusion. Yet trends continue to be formed, to run and to die, and the private retail trader can still make great profits ...
Trend Trading
- tomorton replied Sep 6, 2018
This is a myth and you might be taking powerful and easy opportunities that just keep repeating. Trends are a function of disagreement over price, not volume.
Trend Trading
- tomorton replied Sep 6, 2018
So algo's and computers destroy trends? I thought they came in for a lot of flak for jumping onto trends and amplifying them?
Trend Trading
- tomorton replied Sep 6, 2018
Lots of traders today say it was easier in the last decade or the one before that or the one before that. And that the traders of old wouldn't make it today. But I expect losing traders said that in 2008 and 1998 and 1988 and 1978 and 1968. Please ...
Trend Trading
- tomorton replied Sep 6, 2018
Surely, a trend-following strategy does not fail, it is simply not usable all the time on a given market since it depends on the existence of the trend?
Trend Trading
- tomorton replied Sep 4, 2018
Sorry, I hadn't realised you were trading on hourlies. Jeez. Best of luck.
Trend Trading
- tomorton replied Sep 4, 2018
The classic mistake of assuming without justification that by the time a trend is visible its too late to follow it. Believing this drives you to trade reversals and this is why most new traders lose money, because they always want to short an ...
Trend Trading
- tomorton replied Sep 4, 2018
When you find you're in a trade with good momentum do you not pyramid this with additional trades, as on a ladder? Then effectively, you add a further 1000 pip trade to each trend as each new pyramid order is triggered.
Trend Trading
- tomorton replied Aug 29, 2018
Simply hard to credit that you don't have a plan to e.g. get long when price is likely to rise. If you have an idea what a chart looks like on which price is about to rise, and an intention to commit capital, then that's a plan.
Trend- what is it?
- tomorton replied Aug 27, 2018
This is much theory. Have you actually tried trend-following trading?
Trend- what is it?
- tomorton replied Jul 20, 2018
To prove a trader is successful, all he needs to do is post up the details of his strategy. This would allow anyone in doubt to prove it for themselves.
Why don't traders admit that they are not profitable in trading?