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    Tell me why averaging down is a bad idea .

    Sorry overnight. I was not able to make it lose this morning. Sometimes on the open if I trade it I can get a loss but this time it kept going my way in MES so I just jumped out so as to not make more money. Had the same problem in the ES. Was trading both at the same time. Anyway got to get...
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    Changing Habits

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    The Trade War Hits China Where It Hurts

    Um...not sure about that. Some do. As do some born in USA. Many others are hard workers unlike many USA born young people.
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    Consequence of Trump´s export policies: stagnation in exports to EU, China and Japan

    Look boys there is always a price to pay in any war, USA will win.
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    The Trade War Hits China Where It Hurts

    Um....i wouldn’t be trading US markets now if I were you. Are you? They might be shitty markets...LOL It is amazing how folks are flocking by the thousands to get in to the USA. Are they flocking to whatever country you from?
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    The Trade War Hits China Where It Hurts

    Screw the international trade rules which has been screwing the USA. Atta a boy Mr T tighten the screws down!
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    The Trade War Hits China Where It Hurts

    Oh fer crying outloud. China is going to blink....blink...blink. Did I say blink? Americans want instant grits..instant oatmeal..instant lunch..instant supper.. instant pay...everything on a time table or they get pissed. Look boys great deals take time to make. Screws have to be tightened...
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    Tell me why averaging down is a bad idea .

    Sure I will POST those days if I ever get one! ROFLMAO. Backfilling? You ever tried trading live on a 1 to 5 minute chart and at the same time draw in patterns and type in the reasons for the trade to help some soul out there (maybe) all while you analyzing and executing the next trade? Ain’t...
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    Tell me why averaging down is a bad idea .

    Here is a secret. Trade small enough it doesn’t matter if you lose and focus on the process and execution and not the money.
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    Tell me why averaging down is a bad idea .

    You might say why did you short in the middle of a channel? Isn’t it better to short in top 1/3 of a bear channel? Generally it is and I would have kept adding up to that level if price would have gone there. But I shorted in the middle as was a bear channel with more than one leg down. Bear...
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    Tell me why averaging down is a bad idea .

    And that clearly defined level I had. Must always have. If it gets there my premise is wrong. I’m exiting and waiting for a chance to double or triple up in the new direction. I get back my loss with alot less movement and soon in the greenbacks again. That is the life of a scalper. The only...
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    Tell me why averaging down is a bad idea .

    Maybe this will explain entries and exits a little better. First trade in blue. Lost 10 on it.
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    Tell me why averaging down is a bad idea .

    I only had a few minutes to trade today but here is how a couple hundred can be made averaging down in MES in the RIGHT context and going for a measured move down (blue lines). After comm 170.72 Twelve contracts per side traded for a total of 24 contracts done 6 trades. Lost 10 on first trade...
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    Is price action trading the most insightful(& most accurate)?

    You are betting the market will continue doing what it is doing. So you are betting on the inertia of the market. There is merit to that. I do it too. But I also bet on the odds of patterns. I could, and sometimes do get it wrong. However, I imagine you have had trends STOP.. REVERSE.. and TAKE...
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    20% per month trading half of the time with a 75% winrate and under 1% drawdown

    Fer crying out loud. He is trading 1 micro lot!
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    Is price action trading the most insightful(& most accurate)?

    To buy and follow price or to sell and not follow price when price is going up depends on the larger context and the more immediate market phase which the market is in at that moment. For instance, if there has been 15 or 20 bars in a sideways range and price is racing to the top of the range I...
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    Is price action trading the most insightful(& most accurate)?

    As you say it is largely all semantics. I personally favor the word anticipate. But bottom line: regardless of our language we are all projecting out into the future by the positions we actually accumulate or we would not accumulate those long or short positions if we thought otherwise.
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    Is price action trading the most insightful(& most accurate)?

    So you have a directional bias that is formulated before you take a position? If so, then you are in a sense predicting. At the very minimum extrapolating into the future from the present and past. “A prediction is what someone thinks will happen. A prediction is a forecast, but not only about...
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