How is that accumulation? Most people would have called that 'distribution' because price dropped after. Accumulation price runs up afterwards. And how did box that show their intentions? There is nothing there to see. I have done some tests of ...

TRD

Why is it accumulation and not distribution. Why does it have to be anything, maybe nobody wants to a take a position before the news - seems more likely to me.

TRD

Hello, Yes the problem is indeed ''The problem lies in the fact that drawing fibs, support /resistance and supply & demand can be very subjective.'' and you can add more subjectivity to that because there is the 23, the 38, the 50, the 68 and 100 ...

Fibonacci Indicator? Is it a big Joke?

That isn't really results though, as you said a 'few of your fib trades.' Anyone can cherry picks, that is the whole point of having warts and all results. It is also the point of statistics, it takes the decision out of your hands. So you don't ...

Fibonacci Indicator? Is it a big Joke?

Yes those results would be fine, do you have those results to hand? I'm fairly handy with basic statistics. What kind of statistics are you practising btw? Statistics shouldn't be about fitting you data till you get the outcome you want, easy to ...

Fibonacci Indicator? Is it a big Joke?

Where is is the proof? I seen a few posts about your use of fibs, but no scientific analysis. To be clear, if a method cannot be applied in a rigorous way and does not stand up to statistical scrutiny then it doesn't add any value. I have yet to see ...

Fibonacci Indicator? Is it a big Joke?

So far 33% of people make most of their money from trading.... I totally believe you lot lol

Trading is your Primary Income or you have Multiple Incomes?

Yeh, that is a good point. Short answer is I don't know, it would depends where and what he does with his stop. He likes to be in the market all the time, he rates survive-ability of positions highly. No I wouldn't be nedging for those reasons. The ...

Hedge a losing position?

Again, keep thinking I don't get what you are talking about. Clearly too complicated for me to understand that a long position and short position of the same size is flat.. and yes you pay swap, not spread, you are right there. Wrong on your ...

Hedge a losing position?

WE GET IT, IT IS A FLAT POSITION, which you pay spread on. Do you actually think I dont understand what you are saying? My broker calls it hedging FYI. If I want an account where I can hold both long and short positions on the same pair there is a ...

Hedge a losing position?

We get that it isn't hedging in the strictest sense. Kind of proves you aren't reading any posts because I don't believe anyone subsequent to your last post disagrees with what you just said, so who are you talking to? If you can think of a better ...

Hedge a losing position?

Edit - for the record, I'm still talking about hedging a winning position below, despite thread title. No. If a new position has a 70% chance of not surviving, it may on average take 2 or 3 attempts to successfully open a new position that survives. ...

Hedge a losing position?

Note: This is a different question than the OP's. There is never a reason to hedge a losing position. But if you are a trend position trader and have a 30% win rate (close to my stats), that means there is a significant cost in establishing a new ...

Hedge a losing position?

Yes it does. You just can't see it. I made a post on this recently.

Hedge a losing position?

Hedging a losing position is pointless. Hedging a profitable long term position for a time makes sense on occasions.

Hedge a losing position?

A couple of people have already said it. Try trading high win rate systems, after a while you realise that they don't work. High reward systems, or following the trend does work. Like others have also said, the reward is not knowable before you ...

High hit rate vs big R:R - Which one do you prefer and why?

Everyone who talks about this topic miss the one thing that hedging actually provides. I'm not talking about what happens when the hedge is on, what matters is what happens when the hedge is closed. You can only open and close a position once. The ...

Hedging vs Stop Loss