Fibs don't work

[tuxedo69]

the reason I asked how many trades a day you trade average ,is today i traded from first trade 8.50 am uk time last trade 15.30pm 4 trades in total so just getting a feel how many trade's we trade a day. (just out of interest)

 

[SunTrader]

I do similar, 2 to 5 a day.

 

[tuxedo69]

SunTrader, are you always flat at the close, or do you have to manage the trade into the next day?

 

[SunTrader]

SunTrader, are you always flat at the close, or do you have to manage the trade into the next day?

Almost always flat EOD.

Though I often trade European open (bleary eyed) and keep it into our day session so kinda sorta like same position from prior session though technically not.

 

[Sekiyo]

What?

The opposite is true -- the more people that know of your edge less it works.

Unless you’re First In First Out
The crowd can move the price for you.

 

[MACD]

Unless you’re First In First Out
The crowd can move the price for you.

Yes ! ABSOLUTELY

 

[longandshort]

Unless you’re First In First Out
The crowd can move the price for you.

You literally don't get what you're saying.

If everyone knows your edge then the price of the asset has already adjusted to incorporate it. The information has diffused.

 

[Sekiyo]

You literally don't get what you're saying.

If everyone knows your edge then the price of the asset has already adjusted to incorporate it. The information has diffused.

It doesn't adjust by magic.
If you're not front runned by other traders,
Then you can still profit from your widely known edge.

What I said holds true.
Not saying it's doable in practice.

 

[longandshort]

It doesn't adjust by magic.
If you're not front runned by other traders,
Then you can still profit from your widely known edge.

What I said holds true.
Not saying it's doable in practice.

I regret to inform you that you simply don’t know what you’re talking about.

 

[tuxedo69]

@tuxedo69 this works on all time frames -- so answer is are you scalping on shorter Time Frames or holding your trades for longer duration ?????

I'm not a scalper as my trades last in duration from about 1min to 20 min each open to close.
No trades this morning very quite until about 10.30 uk.