you did not ask me this question but here is some food for thought: the probability does not change whether it is first set up or the 100th. that is pure theoretical probability.
however in market the probability of a set up reduces with each set up because a set up will work in a trading...
this is because in the last ten years the number of people trading has gone up phenomenally.
eurusd in 2007 was dead in the Asian session did not get active till London....I started trading forex in 2007....but today Asian session is only a little less active than London and the rest
you ask for self taught traders but you are not willing to teach yourself....I have taught myself and I am not qualified to give advice but I can give you my personal experience of what works and what does not.
I read books and lost money for 12 years....6 months earlier I cleaned my charts and...
I am learning a lot about how the market fools us by giving the same signals at different times and making some fail ..this is usually handled by stops but I am doing one better by figuring out which signals to not only ignore but to trade reverse the signal.
in fact a trend may be defined and...
any sell or buy signal which comes without the market spending time in the uptrend or downtrend....without the market looking top heavy or bottom stable is a false one and should be expected to fail
why are worried about my capital and my strategy or lack of it-YOU ONLY KNOW BOTH BECAUSE I CHOOSE TO LET YOU KNOW. you are hiding your capital
I have never said I am profitable so WHY ARE YOU REPEATING WHAT I HAVE ADMITTED TO?
DO YOU HAVE NOTHING ELSE TO DO?
you cannot trade my or anybody else 's strategy.....it is not possible and you will lose even if we win.
just making a point..which you have not understood sorry to be out of topic
I have a lab 9 years and he is always with me....I do not go out of town except for a night rarely.
disclosing trade secrets is of no consequence.....no one but you can trade your method
it is this simple fact, which if understood, makes a scalping such a exhilarating and hugely profitable activity.
those who do not understand this will call scalping ...silly... or something else similar
there is something that takes place during a momentum move away from anywhere like a high or low, that traders need to be aware of if they do not want to be ,what will appear to be ,a stop run, and that is this:
any momentum move will be tested.....