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if you think like this you are least bothered about moves against your position

think i have also answered about my exit strategy

i think i have also answered about my exit strategy

for a successful trade probability stop and target must match. most traders who lose or are inconsistent consider stop and target without probability and this is where the frustration starts....i am doing everything i am told but i still lose money. well only brooks talks about...

the only person i know that trains you to think like that is brooks and since this is so out of box that he gets cursed as a mad man

so what i do is wait for a high probability trade and then because i do not like scalping i wait for another move and then when the trade signal comes i take that.

where traders go wrong is that they see an obvious trade and think aha got you! without realising that the obvious trade is low reward

why do 95% of traders lose money? they ask where is the market going? wrong question. correct one: what should i do to make money. that is why brooks does not give stop target....there are always two trades at any given time and two probabilities. Trading is a tale of two probabilities

the high probability trade-the obvious one-is a sell......because it is high probability it needs a big stop...because it is high probability the reward is small......this is consistent with the fact that we are in trading range market more than a trend

brooks is not like other authors ...you cannot just read and trade........ there are a lot of things that you think you understand ...but it is not actually so. still it is worth going through the pain because finally the skill you acquire, is far greater, than you would get, anywhere else

precision is not possible because if the swing up, in a high probability move is 'powerful' ,then one more swing up, is high probability. generally if the move is weak and a trade signal triggers, i generally take that signal

looks like you are one of the few that trade fx........i cant afford to trade anything else

another really good way is to determine the probability of a move.......then you will know whether there is a lot to go or only one more swing. this is for more advanced traders

one way is say ok this is high.....if it goes higher than sell more.....if it goes higher sell more.....if it goes higher close all positions.....so with each breakout scale in with a wide stop... this works well when market is not trending or at the end of trends........here it is a real lottery

it appears that you getting out when a counter move to your position occurs. i had this problem for 14 years.........so i used to get out at the first correction...which is often where the whole world was getting in..... i eventually learnt that first entries were continuation moves...

i do not know why but it has suddenly become easy.....i have not learnt anything new.....just the same old stuff

no one is getting the joke..........

WELCOME to ET.........welcome to the party that never ends

if you cant beat the trolls JOIN THEM......:D

it is a price chart......that is the holy grail.....but you need to be able to read it