not fooled by random market and by technical analysis

long audusd it just looks like high momentum high probability trade......but it could also be read as being high in trading range.........and that is the risk
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padutrader said:
long audusd it just looks like high momentum high probability trade......but it could also be read as being high in trading range.........and that is the riskView attachment 209743
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stop was in the wrong place ...it should be below the swing low......and so i placed it there
since probability is high, reward will be not big and risk big.so the new stop makes better sense. also breakout from a large and big trading range may lead to big pullbacks before it moves up
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Amahrix said:
Click "more..."

1) You'll see that at the top, I stated "From: https://www.priceactionlab.com/Blog/2015/09/jim-simons-trend-following-broken/"

2) Go down to the middle of the post, you'll see the "In my book, Fooled by Technical Analysis,"

3) Click the link

4) You'll see that the entire post is a copy and paste.

5) Therefore, those are not my words. And I do not have a book. It's all a quote and the author is Michael Harris as I pointed out, at the very beginning of the post.

Do you understand now!?
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this is in the journal section so only comments made in response [or about] to specific trades will be answered.
 
the main important thing in trading is to know a slow down in momentum from a reversal of momentum

this difference i learnt from TONI Hansen

but it is never a matter of paying or learning a lesson and making money.

it takes some time-sometimes a lot of time -to learn all the finer points that can only be learned by actually trading live
 
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