Search results

Means what its says. Markets do not flip at the close of one bar from trend to range or range to trend. Its impossible to use a trend-following strategy up to the close of the bar and then start a range-trading strategy with the open of the next.

Just from observation and experience with live trades it has showed itself less prone to sudden tweet-based reversals, and the counter-trend moves which do occur then are less significant and damaging - at least to my positions. Accepting that this might be a result partly because of the trade...

That is obvious. I'm not a trader who can use the same TA-based strategy on time-frames that are several times larger or smaller than my standard. So my strategy, trades and trade management are based solely on daily charts. I cannot simply shrink the time-frame to 15-minutes and run the same...

Immediate reversion to profit-making instead of loss-making (on monthly basis). But I'm sure there are other responses to changing market conditions.

I am currently 100% in forex. Ordinarily I would also be trading the Dow index, gold, oil and maybe some stocks - forex would have made up about 60% of what I was doing most of the time. But the risk right now is just too high as the TA is so regularly invalidated. Even in forex I have had to...

The market is not in a range simply because it is not in a trend.

I meant "to aid trading", not "to aid training".

The EC have always had a tough job - they can't give a country leaving the EU a good deal, that would only weaken the economic bonds of membership and encourage others to potentially leave in the future. But trade between the EU and the UK is so important to the economies of both that the exit...

Great story. I also like the other equally (in my opinion) valid moral - marry an heiress.

There's no point us arguing over whether the chart is a downtrend or a range. These things are constructs to aid training, not DNA to aid positive forensic identification and prediction. I don't trade in ranges because I don't have to. Nobody has to. There are always trends to follow and trends...

It looks like you hold to the mean-reversion theory of price action, that price will tend to regress towards its long-term average value. In other words, buying in a downtrend. Or in other words again, stepping onto a sinking ship. Again and again.

Quite believable, with the EU economy being in so much more of a mess than the UK's. UK media is full of scare stories that we will be short of medicines, food and fuel imported from the EU. Forgetting of course that we also export these commodities to the EU. In any case, if we in the UK...

I only check markets twice a day to set orders or exit positions. I might set 4-5 new orders on forex and exit 2-3 positions. In between there is - Nordic walking cycling hiking watching films theatre learning (art, architecture, history, politics, economics, Shakespeare etc.) PC games meals...

I have a number of "edges" of varying value. They are not really direct edges over other traders or the market as a whole, but they are edges over poor trading. 1. trade naked 2. use market access allowing long/short without directional restrictions 3. take losses as early as necessary 4. use...

Its not true, they're not MA's. MA's are mathematically calculated and cannot vary no matter which trader is looking at the chart. TL's are projections of our own analysis and many traders will plot different TL's on different gradients and directions and significantly varying numbers of TL's...

So higher risk = higher return. But also, am I right in thinking a fund needs to be more convinced of the value of a short position in a stock than a long position of equivalent size? After all, a long stock position is the default, as stock market indices tend to rise due to their inherent...

But Scat is correct. Trade where you are not head to head with WHO, because they will always win, they are bigger. It doesn't matter WHO who is unless you are of equivalent financial power and need to finesse your tactics to overcome WHO's capabilities to re-assert your edge. Trade in markets...

They're waiting, its holiday time, they can afford to wait. They're waiting for others to follow through on the Chinese tariffs row-back, for Jackson Hole and for the Fed to firm up what they're planning to do. Worst of all they're possibly just waiting for another Trump tweet.

Oh my god, you've found it, the Holy Grail!

There isn't a magic potion you can use to make profits. What works for one trader will be a consistent loser for another. But there are common assumptions made by new traders who never become winners and if these are avoided it would certainly reduce the probability of early or dramatic...