Weigh well output the loss and gain And proper action ascertain
Thoughts of a beginner 74 replies
System design and some tough thoughts on trading FX... 18 replies
Thoughts on EMA's... 1 reply
DislikedIts funny, when people ask me something like "what do you think the dollar is going to do in whatever period of time", I always say that I have no idea. This sometimes causes people to look at me with disbelief, presumably wondering how someone who seemingly has such impressive returns knows so little about what the market may do. Ironically, it was that very realization - and figuring out to how translate that into a practicable, mechanical format - that finally afforded the kind of profitability that I wanted. And this is a statement that many,...Ignored
Dislikedit beats me how one trades without prediction. Why one would go long if not predicting price has more chance for up than down? However trading on technical has some specifics, such as low win ratio, and that is why psychologically extremely hard. So, one needs some kind of prayer to stay sane.Ignored
Disliked{quote} I guess they are developing a mentality that makes trading psychologically easy. They are fooling themselves though if they think they aren't predicting, with high probability according to their experience, where the market will go. They are furthermore kidding themselves if they think that the market is random. The skill they should be developing should focus on the essence of the problem, not on a general theme. The essence of the problem is that people develop trading methods which are only profitable when they have experience with certain...Ignored
DislikedHi all, This is my first post, and I don't foresee myself becoming a regular poster (although I wouldn't bet against it either). That said, I have learned a great deal from this place and the realizations that it has helped elucidate, that I felt it incumbent upon myself to share some of the some of my conceptual beliefs. As with any good disclaimer, please note that these are only my views, and that many may find success or failure doing drastically different things. I am by no means making categorical statements, but merely expounding on some...Ignored