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I mean you cannot predict reversals (tops and bottoms) but you can exploit obvious trends while they are still there, if you have proper skills, of course.

Yes, human behaviour is quite random. You can never predict what and when people would demand one thing or the other, thus when demand becomes greater than supply (or vice versa) it causes price uptrends and downtrends. The human behaviour may be random, but the price isn't.

Absolutely wrong theory. If you trade really random market, you would always have expectation equal to 0. No matter if you cut losses and let winners run, because no matter what R/R you take, the win rate will give you expectation of zero. On top of that, add comission or spread, and you have...

try "Come into my trading room" by Alexander Elder and "The Logical Trader" by Mark Fisher

What I see here is that achieving 80% win rate with 1:1 r/r is impossible.

Ichimoku Kinko Hyo

I have opinion about this so called edge. Finding an edge is not hard. The problem is that you find this edge from the past data and you don't know how long it will last. This is what happened to me (I know, I am still newbie in trading). I found what looked like a very good edge: it was...

How do you know when your signals stopped providing profitable trades that outweigh the losing ones? You can't until you lose so much that you start to see the market has changed and your signals don't work anymore. It is okay, but one thing is vital here: you have to lose alot before you know...

Hello, This is my first post on EliteTrader forums. I always wonder what makes one trader better than other. What's his secret? I've read alot and most of the time you stumble upon "money/risk management is the most important thing, blah blah blah". So basically, you should be able to make...