If you are over 50% win rate, I would agree you’re not using TA. I’m over 90% profitable trades with zero technical analysis.
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Why is trading so difficult?
- Thread starter padutrader
- Start date
I have been learning and studying technical analysis since 1994 but i still cannot turn a money profit.
I do not make a loss in demo/sim.
People use technical analysis different ways. I know when I started trading, I was relying too much on indicators. A lot of indicators are lagging indicators and all based on price. A stock could be oversold or overbought in an indicator and you believe it must go the opposite way. Why should it? Stock trading is more a function of price. Price goes up or down depending on the supply. Are there more buyers or sellers? What is the short term trend, long term trend? Then, there is common sense. Nobody can teach you common sense like I tell a friend I am teaching how to trade. If you place a trade where you expect the stock to go higher but, instead, it drops by a substantial amount, you should seriously consider the possibility that you are wrong? Being hard headed will only hurt your pockets!
well can you show us some charts with entries.....If you are over 50% win rate, I would agree you’re not using TA. I’m over 90% profitable trades with zero technical analysis.
you can only use price to trade; what else is there?I've been trading since 1986. Don't kid yourself into thinking things have changed so much in the last 5 short years. They haven't changed much in the last 32.
I've posted a decent number of trades in real time in the ES journal over the last few weeks. My win rate is far in excess of 50%. Then again, I've been told that what I use isn't TA. Who knows what to believe?
so who is this genius here who says he is trading without technical analysis:can anyone trade without knowing or considering price?
I've been trading since 1986. Don't kid yourself into thinking things have changed so much in the last 5 short years. They haven't changed much in the last 32.
I've posted a decent number of trades in real time in the ES journal over the last few weeks. My win rate is far in excess of 50%. Then again, I've been told that what I use isn't TA. Who knows what to believe?
Using TA there are basically only two approaches - buy something because price has been falling, or buy something because price has been rising.
Anyone who consults price before their purchase decision is using a form of TA.
my OPINION too %Using TA there are basically only two approaches - buy something because price has been falling, or buy something because price has been rising.
Anyone who consults price before their purchase decision is using a form of TA.
Using TA there are basically only two approaches - buy something because price has been falling, or buy something because price has been rising.
Anyone who consults price before their purchase decision is using a form of TA.
I guess I view this all like the Supreme Court views pornography: I know it when I see it.
James Simons said something like this once, there are two types of trades Trend Reversal and Trend Continuation.
Learn Technicals on Trend Continuation first, once you master that try to learn the harder, Trend Reversal. (It's ok if you never learn trend reversal, Trend continuation pays out plenty...master that one first...forget about trend reversal for a year or forever)
Hint: Heavy Momentum on Shorter Term Charts often continues. Heavy Momentum on Longer term charts often reverses. (You wrote something on AUD last night, I looked at it and thought you were crazy... next 3 days UP. (Short term momentum example))
Risk Management.
I'm only correct half the time... I'm wrong 25% of the time and the other 25% risk managment takes me out at even. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Also, figure out where Larger traders enter. If you look long enough they do the same thing over and over and over again in ALL Markets. I'm convinced ALL Markets trade the same. I trade the same system across 11 futures contracts. No difference between AUD CL ES NG EUR etc.
Good Luck
Learn Technicals on Trend Continuation first, once you master that try to learn the harder, Trend Reversal. (It's ok if you never learn trend reversal, Trend continuation pays out plenty...master that one first...forget about trend reversal for a year or forever)
Hint: Heavy Momentum on Shorter Term Charts often continues. Heavy Momentum on Longer term charts often reverses. (You wrote something on AUD last night, I looked at it and thought you were crazy... next 3 days UP. (Short term momentum example))
Risk Management.
I'm only correct half the time... I'm wrong 25% of the time and the other 25% risk managment takes me out at even. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Also, figure out where Larger traders enter. If you look long enough they do the same thing over and over and over again in ALL Markets. I'm convinced ALL Markets trade the same. I trade the same system across 11 futures contracts. No difference between AUD CL ES NG EUR etc.
Good Luck
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yes trading continuations and reversals are the most reliable of trades.James Simons said something like this once, there are two types of trades Trend Reversal and Trend Continuation.
Learn Technicals on Trend Continuation first, once you master that try to learn the harder, Trend Reversal. (It's ok if you never learn trend reversal, Trend continuation pays out plenty...master that one first...forget about trend reversal for a year or forever)
Hint: Heavy Momentum on Shorter Term Charts often continues. Heavy Momentum on Longer term charts often reverses. (You wrote something on AUD last night, I looked at it and thought you were crazy... next 3 days UP. (Short term momentum example))
Risk Management.
I'm only correct half the time... I'm wrong 25% of the time and the other 25% risk managment takes me out at even. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Also, figure out where Larger traders enter. If you look long enough they do the same thing over and over and over again in ALL Markets. I'm convinced ALL Markets trade the same. I trade the same system across 11 futures contracts. No difference between AUD CL ES NG EUR etc.
Good Luck
then why do 95% traders not make money?
i think it is because 90% of the time you spend in front of the computer you are doing nothing.
Experienced traders do this very well.
I had to go through hell waiting until i discovered ET unfortunately only recently.
i think it is why successful traders teach novices to pass the time.
That is why i tried for a decade to practice and master scalping....i only managed to lose my shirt and everything else besides ,all because i could not sit doing nothing.
are
are you from India? this comment makes me think you areI guess I view this all like the Supreme Court views pornography: I know it when I see it.