My edge is my intelligence. I have two firsts with honours from Cambridge, maths and computer science. I have created my own high speed infrastructure and trading system. You really should not try to compete in todays market place using the likes of textbook TA. It's laughable to even suggest such folly.
What is your edge ?
- Thread starter oilfxpro
- Start date
Quote from cornixforex:
Focus only on with trend setups with 1:5 or better risk:reward and 80% failure rate starts to sound like a good bet.
Yes, quite. Chart traders, between themselves, have come up with an inexhaustable amount of ways in which one can fail and lose money. An extraordinary achievement.
Quote from oilfxpro:
If you knew in advance the set ups with 1:5 risk reward , you would be a trillionaire by now.
No need to know in advance. Just know average odds of the game you play. Or doing some statistical home work is too much work for a typical ET-er dreaming to become a trillionaire?
One can just as easily lose money without charts... R/E and other forms of bubbles with millions of epically blown up "investors" come to mind first.... Any business is a business in the sense it requires you to actually be busy with doing some serious work to get the profit, otherwise it's a recipe for almost sure losses in the long run.
Quote from cornixforex:
No need to know in advance. Just know average odds of the game you play. Or doing some statistical home work is too much work for a typical ET-er dreaming to become a trillionaire?
Statistical homework on intraday noise is unlikely to produce any reliable information .
When you are in the intraday zone , it is impossible to define criteria which is not ambiguous , no matter what historical data is used .All the set ups have that are available in trending modes , also have similar criteria in random moves and non trending modes.
The only time it works is ,if the move is related with fundamentals related to the instrument , even these have lag.