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As Brooks says do not not trade barb wire patterns, which is another word for chop. Out of a hundred pages in his book, this is one of his best 2 words of advice. Chop occurs during low volume and usually after hours. Of course there is one exception to this rule which is my blue sky trade...

Seems he is really really good at options trading.

https://www.reuters.com/business/energy/oil-prices-ease-worries-waning-demand-us-china-2023-11-13/ Oil was up on ease of worries of lower demand. Trade was initiated after hours. Trade setup is called blue skies. Stop was set below on previous price action support from the day. Target was...

Its not that hard to trade. The hard part is patience, consistency, execution, and understanding what a real system actually does. For example, not even the best trader in the world is going to be profitable every day. However, he or she will be profitable for the year. My best Forex system...

Impressive, I bow down before your analysis. So now I will vote. I voted fake.

For awhile, I was just using 3 min time frames for futures. The lower time frame charts incorporated MA's that helped to inform me if we currently were in a down day or an up day to help with my bias of taking shorts or longs. I also like to look at news in the morning to see if something...

John Tuld : There are three ways to make a living in this business: be first, be smarter, or cheat. John Tuld : Maybe you could tell me what is going on. And please, speak as you might to a young child. Or a golden retriever. It wasn't brains that brought me here; I assure you that. John...

I call it a 2nd mouse trade. The 1st moues gets the cheese. The 2nd mouse is hungry. He waits and sees a pullback to the break and hops on. The 3rd mouse waited too long and tries to get in on the 3rd pullback but gets eaten by the cat.

Yes I agree, one of the systems on C2 that was very good had 40% win rate and had double reward or triple reward to risk.

You too. It seems you are in a bad mood. Maybe one day you will be profitable.

For those reading my posts, I want to explain the difference between a system and discretionary trading. The Forex trades were all system generated, no emotion no revenge trading, no mistakes. All trades were automated overnight and I could see the results in the morning. What I posted win%...

Maybe try to learn to read and understand what I wrote. I don't know why it is so hard for you. On my C2 system, my Forex trades had equal risk vs reward. So for example, let's say I would lose $ 1,000 on a losing trade. I would also win $ 1,000 on a winning trades. All of these trades had...

There are many systems in C2 with a win rate of 95% or higher and they win every month. And they are all not only worse than my system, they are complete shit. They can have a higher win rate than me since they don't take a loss on one of their trades till it blows up their system.

Nope, you are wrong. I already said for equal risk vs reward my win% is around 65% and in real life trading, you can have a down month, but a profitable year. I will try to explain it this way, say you flip a coin, it comes up heads 50 times in a row, what is the chance that is comes up head...

That's very good. Feel free to post a chart.

Why? I had around the same % on my C2 Forex account and made over $ 10,000 from subscribers. A consistent win% with equal risk vs reward over many months and hundreds of trades is relevant. All of my trades were reported on C2. What people don't understand when trading is that I had down...

Feel free to post a chart for today so we can see what you are talking about in this thread.

https://www.reuters.com/markets/commodities/oil-steady-market-eyes-middle-east-tensions-higher-us-crude-stockpiles-2023-10-26/ Both the stock market and oil are impacted by negative news today. In the morning, this is what I look at before trading. The reason being it gives me some bias as to...

The main thing that will help you see if you have an edge is look at your winning %. The following is mine for the past 2 weeks. However, looking back on the trades, I really should have let some of my winners go longer. This is around equal risk vs reward for most of these trades. I would...

Here are a couple of trade secrets. You could have a good day where for example you take 3 trades and they are all winners. You could have a bad day where you take 3 trades and there are all losers. However, if you revenge trade on the bad day and do 10 trades, all of them are going to be...