True, maybe its not the best word.. i think is "probability" a better way to describe it: a higher % of something more "predictable" to happen instead of a 50/50 chance; thats when you enter the market, when you have a HIGH % chance to win than ...

Outcome Is Random

The outcome its random because they are not connected (previous outcome doesnt weight on the next one) True Yes.. Equally as in you MUST place the trades with the exact same rules/setup/formation (whatever you use) EVERY SINGLE TIME because those ...

Outcome Is Random

I never received that email, i still have the initial leverage from when i opened the account; and yes at some point i need the leverage BUT when i try to use more the broker "upgrade" the account and automatically lowers the default leverage

European Traders - new ESMA regulations!

There is something called "BID/ASK" prices and targets should take those in consideration.. Once you understand this you dont need to "factor in" the spread.. basic 101 trading

Question on probability based trading idea

EVERY single reply its wrong: YES you can win more than 50% with a 1:1 ratio easily (or like people likes to say "Risk/reward") Unless you are stacking trades with different targets at the same moment then THERE ITS NO CONNECTION BETWEEN THE OUTCOME ...

Question on probability based trading idea

1.- You dont need a trend to make money 2.- you dont need a gazillion pips to make money 3.- you dont need to trade daily charts and above because its more "reliable" thats a long term myth in trading; its more "relaxed" yes but only because you ...

90% of traders fail...

The goal in trading its to find a point to enter AND from that point have a HUGE/HIGHEST probability that it WILL move in 1 direction (up or down). for that to happens its needs to be/exist an "unbalance" in price at that moment wich maybe will show ...

How far back is ideal for backtesting?

There are ONLY 2 things important in data backtesting: 1.- Backtest with YOUR brokers history data; dont use a generic dukascopy history data and then trade a live account with lets say oanda or something.. the data isnt the same and the results ...

How far back is ideal for backtesting?

In the begining i was taking screenshot of the trades: when i got in and when i got out (by hitting TP or SL) and made a quick check if i was following my rules, but thats only handy when you know your rules to where to enter/exit are well defined ...

any trade journal recommendations?

Because in reality price moves UP or down vertically, so an horizontal line can represent a potential entry point/significant level, maximum price deviation or whatever you want We humans invented charts with another axis (time, price blocks, etc) ...

What does a horizontal line represent?

This is a good point and something few people understand: its not 1 trade .. or 5 or maybe 10; its HUNDREDS of trade that make the difference, where you truly grow your account to the levels you want !! Ho its possible that 1 trade can hurt your ...

how to accept losing?

15M => daily levels 4H => Weekly levels 1D => Monthly levels Thats a starting point

S and R levels

Do this for a full month: 1.- Take every trade exactly how your aproach/strategy tells you; mechanical/consistent rules, NO BENDING, NO CHEATING, NO FEELINGS !! 2.- Put hard Stop Loss and Take Profits THAT MAKE SENSE !! dont go for stupid targets ...

I can't get rid of my bad trading habits...

In trading the stupid overcomplicate and overthink everything, everytime all the time, clouding his mind and missing the obvius forever.. the smart simplify and structure a repetable aproach and stick with it everytime, all the time, forever.. 99% ...

Is trading really that hard?

Is not necessarily time its the amount of trades you take; in 6 month someone can take 20 trades, other one can take 300 easily.. wich one have "skill" if both are "profitable" ?? get my point?? Im aproaching the 900 trades mark in my life as a ...

(binned per thread starter’s request) Whats really needed to make

Of course its long enough !! if the "strategy" its not robust you WILL crash and burn loooong before reaching even 6 month trust me, you dont need to stretch it to 1 year it doesnt matter what happens month after, the "winner" its the one with the ...

(binned per thread starter’s request) Whats really needed to make

Championship trading.. yes it can be done

(binned per thread starter’s request) Whats really needed to make

You have no idea who a im and yet you came to conclusions.. Good one "son" AT least you are funny i give you that; lets talk when you are aproaching 1000 trades taken and THEN we can talk =)

(binned per thread starter’s request) Whats really needed to make

this is false and VERY wrong.. the recipe for a never growing account, constant small losses and failure Trying to hit a homerun = noob scared trader who doesnt understand the point of taking a trade in the first place !!

(binned per thread starter’s request) Whats really needed to make

Around 15 in average actually (thats including skipping trading days because i need to go out to do something), maybe even 20 (1 per day) if the market isnt crazy by something OR i catched london and new york sessions. Latelly i dont care to much ...

Why you should trade 1-2% of your account on a trade!