South beach... it may seem chaotic...but i've been pulling in steady profits. As you can see from the time stamp on my trades...my method IS successful, so at least for the time i'm posting, there can't be much argued there.
I also have about a 65% plus hit rate... and my winners are larger than my losers
I base a LOT of my entries and exits on gut feel...watching markets for thousands of hours...seeing how trend react to S/R levels...etc.
I could ALWAYS point to a single situation, and say "if this, i coulda that..." or.. "if that...then i woulda made this".
I also know I don't always hold winners as long as I could. I am a day trader, and maybe you don't think day traders are worth their salt.
Maybe your right!
But...so far...so good. It all may come to an end..yes, but I tend to think markets will always trend, and price will continue to drive into areas of excess supply, and excess demand. If price shows me an indication of excess supply or demand, i will enter a trade.
Now, if you have something useful to offer, please do so.
For example...did you take this trade u mentioned from yesterday? If so... from where? What gave you the confidence to take it for 150+ pips? did you actually trade this with real money? How did you trail your stop? DO you trail your stop?
If it "seems" like i'm throwing darts at a dart board...stick around, i'm sure you'll have the last laugh if you are correct.
As for sticking with 1 pair...well, i have found that price action and trend occur in every liquid market in the world...so I choose a few that show consistent trend and price action...namely any combination of them major and commodity currencies, and trade whatever looks TO ME to be giving the best trend, PA, around SR levels.
if you're interested, send me a PM, and i can provide you with my skype I.D.
you can "watch" me trade, and ask questions as I do so for an evening.
In turn...you tell me what you are watching and trading, and I'll ask you questions as well.
Bottom line: if you can bring something to the table to open my eyes to a way that I can increase my profits ABOVE 4% - 8% per week, while risking about 1% or less per trade...i'm VERY interested to learn,
and conversely, I will be happy to attempt to show you why I believe my trades are less throwing darts and more hitting bulls eyes.
I have found, as Ed Seykota said: everyone gets what they want out of the markets...
Funny thing is, it seems more people want to get vindication that they are right/superior/smarter/better trader/have a better method/etc than someone else.... when I believe the most important thing to REALLY want out of the market is the greatest amount of profit, for the least amount of risk/drawdown/whatever.
I'm ALWAYS opening to learning something superior... let me know if u can help.
Greg
I also have about a 65% plus hit rate... and my winners are larger than my losers
I base a LOT of my entries and exits on gut feel...watching markets for thousands of hours...seeing how trend react to S/R levels...etc.
I could ALWAYS point to a single situation, and say "if this, i coulda that..." or.. "if that...then i woulda made this".
I also know I don't always hold winners as long as I could. I am a day trader, and maybe you don't think day traders are worth their salt.
Maybe your right!
But...so far...so good. It all may come to an end..yes, but I tend to think markets will always trend, and price will continue to drive into areas of excess supply, and excess demand. If price shows me an indication of excess supply or demand, i will enter a trade.
Now, if you have something useful to offer, please do so.
For example...did you take this trade u mentioned from yesterday? If so... from where? What gave you the confidence to take it for 150+ pips? did you actually trade this with real money? How did you trail your stop? DO you trail your stop?
If it "seems" like i'm throwing darts at a dart board...stick around, i'm sure you'll have the last laugh if you are correct.
As for sticking with 1 pair...well, i have found that price action and trend occur in every liquid market in the world...so I choose a few that show consistent trend and price action...namely any combination of them major and commodity currencies, and trade whatever looks TO ME to be giving the best trend, PA, around SR levels.
if you're interested, send me a PM, and i can provide you with my skype I.D.
you can "watch" me trade, and ask questions as I do so for an evening.
In turn...you tell me what you are watching and trading, and I'll ask you questions as well.
Bottom line: if you can bring something to the table to open my eyes to a way that I can increase my profits ABOVE 4% - 8% per week, while risking about 1% or less per trade...i'm VERY interested to learn,
and conversely, I will be happy to attempt to show you why I believe my trades are less throwing darts and more hitting bulls eyes.
I have found, as Ed Seykota said: everyone gets what they want out of the markets...
Funny thing is, it seems more people want to get vindication that they are right/superior/smarter/better trader/have a better method/etc than someone else.... when I believe the most important thing to REALLY want out of the market is the greatest amount of profit, for the least amount of risk/drawdown/whatever.
I'm ALWAYS opening to learning something superior... let me know if u can help.
Greg
