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and you do?

i am not profitable because i do not like to take risk. this is the problem with me i have believed that knowledge will reduce risk. i have after 30 years come to the conclusion that that is not true. risk will always be omnipresent. and that is why i am losing interest in trading. i had...

you are talking about probability as if that is the only thing that matters in trading.

what is right? there is nothing right or wrong in trading.....you only have to be doing something consistently within the parameters of probability reward and risk. if you do not calculate these three-and most inexperienced traders do not-you will be inconsistent

there is no edge there is always someone taking the other side........... you have to match probability with reward: if you have high probability you cannot have high reward.......so if there is high probability WHO IS TAKING THE OTHER SIDE OF THE TRANSACTION?

Warren Buffet takes huge risk.....he buys and holds......so he gets huge reward. Soros and all other successful traders only concentrate on one thing:

that does not mean every trade will have to be or can be profitable.....in fact that is impossible but that does not mean you cannot be overall profitable

the fact of the matter is that you only think you have higher chance for a positive outcome. do not forget that if you have something that consistently gives 80% probability then somebody has to lose, every time, that you win and that somebody will soon realise that he is losing a lot of times...

is trading only about probability?

i was wondering how entry on the first close of bar above/below a moving average would work.

i trade forex where there is no 'day'.......

i also book marked his channel on you tube.........will watch a few more of his ideas on the week end

thanks 1hour is too long right now but perfect for the weekend will use it to kill time over week end which incidentally i hate

any signal is only as strong as the context that precedes that signal if the market has not gone above a moving average for a 'long' time, then if it goes above it, it signals a weakening of the trend........ just a break of trendline does not make a reversal....... if market goes above a...

damn right..... however ma are dynamic S/R

ema should not be used in tight channels.....that is a tight channel. you are studying Brooks course....in tight bear channels which is a strong BO on a higher time frame only sell..

good question i am 62 years old so now i do everything for enjoyment eat drink trade.....i would have liked to make money. but not many people are highly successful in trading.......that is probably true in any other activity as well. but right now i am only trading to be busy...

i bought my first share in 1994.....that was the best....then i started trading futures in 2004 till 2007 then day trading.

you seem to have a good nature and are broad minded......i think you must be new to this

in day trading and leveraged trading in forex....12 years and i still suck at it. if you can afford it.....meaning you have enough capital to trade, do longer term never day trade...... swing trade also never leverage i have a lot of time on my hands i have some alternate income and i am 60...