YM Magic!
- Thread starter TheTrue1
- Start date
Will you be offering mentoring services?
You obviously using the strategy that try to scalp during pull-back in trendy market.
The market is not trending when you enter trade 18, Asia/Europe market should not be counted in your evaluation as they just tiny followers from US market without own live.
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Good call to pick the button of the pivot point. Not many people can catch this correctly.
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You are using 2:1 risk /reward in this trade, e.g. risk 33 tick to make 18 ticks.
To prove it is statically significant that you have edge, you need to show that you can win at least 7 times out of 10 trade, this trade turn out to be winner but statistically it has ~65% of winning, not much surprise.
Is this a real account or some type of demo account using delayed data?
Do you not have an online broker account that you can show trade details from?
That site name in your pictures is nothing but a snake oil shop.
Do you actually trade live, or have you ever traded live?
Are you serious?
If you are then you should be aware that a statement like this shows what you really know about trading.
I have no issue regarding if it is real or paper money account, as far as he is making live call with clear profit target and stop loss, so far it seemed he did make the live call with clear SL and PT for most of his trades.
He did quite well last week when the market is trending, and struggling this week when the market go no where due to awaiting FOM rate announcement. The outcome is not surprise me, trend follower tend to do well in trending market, while "revert to mean" trader will do well in whipsaw market. The problem is non of them are profitable in long term due to the commission and slippage (market will trend 50% time and whipsaw another 50% in long term)
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Give this man credit for this, he did make the live call and able to pick the "button" when YM did turn from down trend to up trend at that specific time. Not many people are able to do this (even most WJ traders miss this or too hesitate to pull the trigger that time)
Well you should have.
Silly things like this has cost a lot of inexperienced people money, thinking they can follow some fool on an internet site making "market calls".
I am the protector of the inexperienced and the vulnerable, and I do not have much time for people who clearly demonstrate that they know very little about trading with real money.
Do not expect any easy replies from me, unless of course you know what you are doing.