Hi A, My question would be: Why indeed look for a univesal system? I am not convinced that anybody would want to trade all time frames from 1minute to 1 month; As for instruments, if you want diversification you have to look for something that could ...

Trading Myths

Phil - well said and true in essence. happy weekend to you as well. happy weekend to all, regards daytrading

Letting profits run

Ok, here is the follow up: 1. a trend can only be seen when its already well on its way 2. a trend follows a break-out 3. not every break-out results in a trend (in fact the minority do) 4. not every trend yields the same profits in % (but some do ...

Letting profits run

[quote=soultrader;1696186]yep, i can follow that - if you believe that trends exist then you have the basis of your method - however im losing you from here and am really keen to pursue your thinking. I'm a believer in mechanical trading, but i'm ...

Letting profits run

[quote=soultrader;1696053]Hi DT, However, if that is a given then you can never trade because as you say, you can have 20 losers in a row - but you could also have 40, 50, 60 etc so to trade anyway you must have a "reasonable belief" of one kind or ...

Letting profits run

Phil, hi - My reply to your post was not (and is not) designed to question your way of trading or entering the market. By asking you about the basis upon which you decide to enter/exit a trade, I never intended to induce you to share your actual ...

Letting profits run

[quote=philmcgrew;1693295]I'm in the trade until it's dead category. I don't believe that it is our job to guess when a trend will be over. This is exactly why I detest profit targets in most cases. When evaluating a position I look at stop loss ...

Letting profits run

Scott, hi - I do appreciate the apprehension when vouching for an "unknown" - In fact, this happened all upon replying to two very interesting (for me) threads started by Soutrader and his subsequent suggestion for me to become a member with 1k ...

Letting profits run