Maybe that's because there's no 'edge' in those particular methods/systems
(which wouldn't be surprising seeing that everybody uses those methods and nobody seems to make money here)
Not from what ive seen!
I've found one person on twitter, and one on trade2win who seem to be able to demonstrate this ability (in real time)
Still, agree to disagree. I don't think money management is an edge.
stopped for 7 point loss.
Demand came in as buyers became willing to pay the asking price, pushing prices higher.
So bulls are in control.
Watching the Traders behaviour;
long here at 4492.50
stop at 4484.5
To me, an edge is something that gives you a high probability of getting the direction right on your trade. Money management is irrelevant in that respect.
I think an edge is something like insider knowledge.
it could be a trend day in which case it's best to get in long early.
But then, it could just turn around at any time and drop hard.
Decisions, decisions...
who knows?! No way of being sure
edit: you meant 'sellers of long coverers' I assume?
Obviously short coverers would actually be long trades going through, lol
stop and target set.
Trade the behaviour.
demand is exceeding supply as the prices are going higher.
However, it could turn on a dime without any warning.
One can't know whether a down move is just a retrace or the start of a big move down.