it is a big difference. The mechanical trader is like a casino, not the player. A casino has an edge (rules of the game) that tips in their favor. Over time, and over a large sample, the edge will turn out to be profitable for them- consistently. ...

Flexible Mechanical Trading vs. Discretional Trading

likewise

Flexible Mechanical Trading vs. Discretional Trading

in my perspective, "scalping" is not good risk/reward as the spread is already 3 pips. However, the definition and premesis of the term scalping varies from trader to trader.

How long do you hold your position..?

one cannot rank the importance of indicators because of the fact that the economic situation may be biased on an indicator solely because of recent economic developments or short term fed's focus. However, by far, NFP is number one. After trade ...

Economic Indciators Rankings

as long as I need to. I take a trade when the market proves itself first, take the trade without hesitation, and have the trade on until the market proves me wrong (both in profit when the trend stops or cut my losses where I realized the odds of ...

How long do you hold your position..?

Of course, and I will take you take a look at your EA system at my leisure as automated trading has always been interesting to me. Kindly and respectfully, I did not intend to direct the question to you in any harming way. I sincerely apologize if I ...

Flexible Mechanical Trading vs. Discretional Trading

The real difference is in emotions and the perception of information that the market provides from a neutral standpoint. Emotional pain is different from physical pain as emotional pain has to be interpreted to have an effect. If we both fell, we ...

Flexible Mechanical Trading vs. Discretional Trading

I would love to have a system that incorporates the fundamentals without the emotions. Can you give an example in your automated system where it incorporates risk management and money management? The first thing that came to my mind is defined ...

Flexible Mechanical Trading vs. Discretional Trading

you're right. Strategy is on the very bottom of my trading principles. I put, risk management, money management, emotion/physcological management way before strategy. Strategies come and go such like markets change. You're right, in the end, no two ...

Flexible Mechanical Trading vs. Discretional Trading

real difference is the emotions. Mechanical trader has no emotions, does not take action / or not take action based on emotions. Much like the casino, a game has rules, the rules are designed to be statistically in the casino's favor over a large ...

Flexible Mechanical Trading vs. Discretional Trading

good discussion, best of luck to ya

Flexible Mechanical Trading vs. Discretional Trading

there's a very fine difference between having a probability of a trade working out versus the expectation it will workout. You are confusing expectations with probability. You have a probability of the market to go one way, not an expectation. Even ...

Flexible Mechanical Trading vs. Discretional Trading

it is interesting to see that there are more votes for discretionary than mechanical. let me ask all of you this, Do you expect to be right when you put on a trade? Do you let the most recent trades (good or bad) influence another trade opportunity ...

Flexible Mechanical Trading vs. Discretional Trading

"Unfortunately most of the EA's that are available to the public are not sophisticated enough to react properly to all market conditions." the market has too many variable for any system to consider. For example, in order to have "all market ...

Flexible Mechanical Trading vs. Discretional Trading

You have contradicted yourself many times in the post but have reached a conclusion or idea that is seperate from your concern of the post. 1. "You may or may not use a trading system but even if you use a trading system you may enter or exit the ...

Flexible Mechanical Trading vs. Discretional Trading

No, Japan is not this weak at all. The central bank in Japan takes serious consideration to keep currency value competitive relative to China. Japan has no problem letting USD appreciate but watch like a hawk is its own currency goes up. BoJ ...

Japan... are they really this weak?

boy needs to chill...both of you. To get back on track, I believe I can describe how you are feeling by "more knowledge, more problems". Again, you are precieving trading differently. Let me take a wild guess: You first started trading off on a ...

more knowledge more problems

thank you for the further elaborations, very very helpful and clear. One last comment I have about the revisions are that, taken from your example the Nov. NFP, if the prior month's data was heavily revised, then the traders have less credibility in ...

Revisions, can someone explain?

very well explained. Thank you, are the revision numbers posted in FF as a weekly economic number on the calender? How do we know when they come out? Are there any expectations from analysts in terms of revisions?

Revisions, can someone explain?

all of us are saying, don't try to control the market, control yourself. Market is always looking to setup, and take the opportunities it offers. YES, you have to TAKE in this profession. All the analysis, indicators do not let you to control the ...

more knowledge more problems