You can find it here:Quote:
Originally Posted by ;
https://www.forexforum.co.za/cryptoc...gin-trade.html
Hope it helps.
Regards,
Paolo
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You can find it here:Quote:
Originally Posted by ;
https://www.forexforum.co.za/cryptoc...gin-trade.html
Hope it helps.
Regards,
Paolo
AC- I will be considering S61 area for rejection. A bounce is, I believe they will be taking out stopped before by A area.
(spikes stops taken before change)
https://www.forexforum.co.za/attachm...1489757462.jpg
Hi RQuote:
Originally Posted by ;
it doesn't seem to be good information here there's good news! After two decades and after thousands of successful trades the If part is known.
About EJ
normally on this forums several traders fill lot of BS as though that has been a alyst and fulfilled with their analyses.Lot of it's hogwash.
Everything is here on 1st page
Five fundamental truths:
1. Anything could happen.
2. You don#8217;t need to know what will happen next in order to generate money.
3. There's a random distribution between wins and losses for any given set of factors that
define an edge.
4. An advantage is nothing more than a sign of a higher likelihood of one thing happening
over a second.
5. Every moment in the market is unique.
#8211; Mark Douglas
Technical price patterns aren#8217;t supposed to inform us what #8216;will#8217; occur next#8230;
Technical methods of any kind, price action comprised, are not designed to tell us what a market will do next. As Douglas states they're made to help us put the ODDS of succeeding within our favor over a collection of trades. There are a few deep plogical impliions that go along with this particular fact#8230;
The outcome of any specific sign is unique and random. There#8217;s no way to know in the strings of losses and wins or advance the results of any sign or within a series of trades. To put it differently, the nature of trading is random.
Douglas goes onto to explain something that could possibly be a little hard to comprehend at first, but that's critical for you to grasp if you would like to make consistent currency trading:
By embracing the random nature of trading I can create consistent results#8230;
Today, on the surface, it appears contradictory to state you can create consistent results from something that's random in nature. But, let#8217;s dig a little deeper#8230;
Technical approaches and patterns will give a trader precisely the same advantage a casino has over any individual player. A casino has a ";advantage"; for every game they supply. What a casino knows is that although any singular example of someone playing their sport might result in the participant winning cash or perhaps hitting the ";jack bud";, on account of the advantage they hold, over-time and over enough series of events, the casino will make a profit, and a big one at that. Remembering this point will allow you to make the transition from thinking in8216;certainties#8217; to thinking in probabilities as Mark clarifies and as you should be thinking as I put it.
Should you don#8217;t integrate the randomness principle, you'll discover trading has become easily the most fruing undertaking you can undertake. You can generate consistent returns by knowing that each trade is distinctive and random, and then taking that information and using it to control yourself. Do not get hung up in your trade. Concentrate on trading your method over and over.
Fruion comes from anticipating something our method can#8217;t perform. Technical approaches discover and identify patterns in collective behaviour, the challenge is, the outcomes don#8217;t correspond with the pattern on a trade . There doesn#8217;t must be a connection with the results and pattern. There's not any guarantee that this trade is going to be the specific same effect as the previous one, even if they seem the same. Instead, the method simply tells us that IF we use it consistently, then within a series of trades, we should be profitable.
Think in probabilities, not certainties#8230;
Perhaps the point Mark Douglas is most famous for drilling in to traders, is that you will need to learn how to consider probabilities.
We did discuss this a little earlier, but it#8217;s critical to understand that there#8217;s a haphazard distribution of losses and wins over sequence of trades. Traders who learn to consider probabilities don't experience the plogical #8216;injury#8217; like those traders that harbor#8217;t learned to think in probabilities because they're not #8216;anticipating#8217; a winner on any particular trade like individuals that don#8217;t think in probabilities. Learning how to consider probabilities releases your expectations out of trades because you are focused on the consequence of any trade, not on the results of the overall series of trades.
If you have a weighted coin that will be heads 70 percent of the time, you still don#8217;t know the sequence of heads and tails, all you know is OVER TIME 70 percent of these pitches will be heads.
As soon as you read this take a rest up drink a coffee then realize the meaninglessness of your question.I just placed a commerce that match my EDGE that is all
Can I know it would be a winner? No more
3. There's a random distribution between wins and losses for any given set of factors that
define an edge.
EurCad short:
Initial entrances on the retest of R38 after breaking down through it earlier in session. Angelator PA confirmation, Tdi. Aware of crimson news . Possible goal of Pivot/RDL. Might tp before news.
https://www.forexforum.co.za/attachm...6488466784.jpg
EA can also be great but my eur trade is on EN. So I passed EA. Aud has been merging for Audchf and audjpy. Lets see. I am interested in Aud. https://www.forexforum.co.za/attachments/1524697354.jpg
https://www.forexforum.co.za/attachm...7751894022.jpg
Hi everyone here, miss you. Updates in my transactions :
AN : shut my AN now at 1.0709, such as 1000 pips on profit.
EA : entered at R78 and R100 (Bearish Butterfly pattern finished on the H4), anticipating rapid profits, and major statement now so I think I'm just gonna close it before.
Have a nice day.
Thanks for keeping it clear in here.
Hello - Thank you to your detailed reply, I'll take your input to heart. Yes - you have some data in your thread! My question did not come across as believing that trades are a or definite certainty based on specialized price patterns. There will be losses and trades that are unsuccessful, and I understand that trading our method over and over again is that which we should focus on, and that we should consider probabilities.Quote:
Originally Posted by ;
I'm only trying to absorb all of the information and make sure that I understand all of the details to the procedure.
Thank you for all of your information!
But I see 5 extended transactions over PP.Quote:
Originally Posted by ;
Hello guys, 2nd post and trade here
Saw EJ near the R100 Pivot then waited and saw good PA and also a sharp TDI angle before I took the market.
https://www.forexforum.co.za/attachm...1853840802.jpg