So let’s agree to disagree but leave the insults out if it! I agree you could have an 80 percent win rate but just because you won eight out of the last ten has absolutely no bearing on your next trade
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
am i the only one or are there others who find it easier to pick tops than bottoms
- Thread starter padutrader
- Start date
By the way my method only has a 60 percent win rate so either you scralp for very small profits or you’re able to read the market way better than meYou start off right at 65% chance of profit, then go to it either works or it doesn't, so 50/50, no the chance is 65% it works, 35% it doesn't work, just cause there are 2 out comes, Yes or No doesn't mean it ever every becomes 50/50.
My method, has an approx 80% win rate, so approx 80% of the time, it's a profit and 20% it's a loss, it doesn't become 50/50 due to only being 2 damn out comes. ( and it jumps to 80% loss rate, when I'm trading badly/against )
Every time you cross the road, is it 50/50 you get to the other side alive ??
So let’s agree to disagree but leave the insults out if it! I agree you could have an 80 percent win rate but just because you won eight out of the last ten has absolutely no bearing on your next trade
Okay, your making more / less sense, not to sure.
If your next trade, is the same setup and at that time and all other factors has a 80% chance of winning, then it'll have a 80% chance of winning, it might lose, but it never becomes 50/50, unless that trade is a 50/50 trade ofcourse.
Next trade, could be a STUPID trade, that only has a 20% chance of winning, no trade ever has a 100% chance of anything.
By identifying trades that have above 50% chance of winning is 1 way to make a profit, the other is lower win rate, but better R:R ofcourse.
By the way my method only has a 60 percent win rate so either you scralp for very small profits or you’re able to read the market way better than me
I don't like to lose often at all, last week 8 trades only 1 loser.
Defo not a scalper.
What market do you trade and do you only daytradeI don't like to lose often at all, last week 8 trades only 1 loser.
Defo not a scalper.
What market do you trade and do you only daytrade
Dax and YM I just keep it simple, I jump on short term direction ( 14 ema + a range ) with longer term ( 42 ema ), my SLs are tight ( 14ema +/- 0.08% via a autostop EA is my SL value min 8 max 14 )
All in my ‘thinking out loud’ journal.
if i could i would already be there.have you thought about coming to london, i get over there from time to time or better yet america?
i have a dog and an elderly mother who depends on me....mother can manage without me but no one will look after my dog.Trading in Forex is actually illegal here so i would be happy to do that
if i could i would already be there.
i have a dog and an elderly mother who depends on me....mother can manage without me but no one will look after my dog.Trading in Forex is actually illegal here so i would be happy to do that
I thought it was illegal there, kinda risky, but needs must, hopefully nothing they actually care about.
they do not care...but they cannot change the rule because the opposition will not let them....so they do not prosecute ....but their vote bank should not find out about it.hopefully nothing they actually care about.
it is a stupid rule because you can import almost anything...and that entails FX outgo