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- pricey replied Oct 16, 2009
Triphop, I look forward to your posts. However, the probability of 10 consecutive losers is mathematically not that low, assuming a strategy whose %win rate you know. And I admit, that with a discretionary strategy, you can't really know that. Can't ...
- pricey replied Oct 7, 2009
Probability of x successive losing trades within a 50 trade period: url
- pricey replied Oct 7, 2009
There is a chart somewhere on this forum which indicates the likelihood of x consecutive losers given a system with y% win rate. Even if you have a system with a high % winners, there will be losing streaks, where you can lose 10-15 times in a row. ...
- pricey replied Oct 6, 2009
KC - one quick comment about your comment that, if someone has a fulltime job, they shouldn't think about trading. Me personally, I haven't been able to make shorter-term trading suit my style. Some scalp 2hrs per day, some trade daily or 4h ...
- pricey replied Oct 6, 2009
I will answer kk007's question by repeat PeterFM: most people spend the time jumping from one system to another. it's a part of the trading learning curve, I believe. You think something will work - no it doesn't. Try something else and so forth. I ...
- pricey replied Oct 5, 2009
I would also like to add that despite the "popularity" of a particular method or mentor, it may not be for you. The Holy Grail is you. You need to understand what kind of trader you are, before you can become a successful trader.
- pricey replied Oct 5, 2009
Please, think about it before you jump in. I am a member of Jacko's private blog. I wasn't going to post on this thread because I actually wasn't happy about it's direction, but it seems like I can offer someone some tangible advice, hence the post. ...
- pricey replied Jul 6, 2009
NFA and stop loss? — Hi Justin thanks for your explanation on how the FIFO rule does not effectively affect MBT clients. Could you please shed some light on the other rumour than physical stop loss placement will be banned, and the other one ...
- pricey replied Jun 12, 2009
Can't seem to edit my previous post, but I no longer need the indi since a friend coded one for me.
- pricey replied Jun 11, 2009
I'm going through a bad patch of exams, so I might not b able to express my appreciation on June 17. Just wanted to say, this thread changed my whole approach to trading. It made me believe that I can have a trading business. Yes, I joined the PF ...
- pricey replied Jun 11, 2009
I only listen to the voices in my head, chanting "inside bar, outside bar, pin bar? Inside bar, outside bar, pin bar?"
- pricey replied Jun 8, 2009
And this why I love Mark Douglas so much He talks about the importance of consistency - you may have had 10 losses in a row, but you don't let that get to you, you have faith in your edge and you trade.
- pricey replied Jun 8, 2009
Thank you for posting the chart Josh I would like to make a post a few months later (not much time for me to post a long explanation atm) about trade psychology. People need to understand that a trade has a probabilistic outcome. Meaning, even on an ...
- pricey replied Jun 7, 2009
you've got a lot of good replies here I also want to add that you should read Mark Douglas. Trading success = method + money management + mindset It's easy to find a good method and learn good money management. But only consistently successful ...
- pricey replied Jun 7, 2009
mark douglas quote — "If you've ever had the occasion to experience the zone in some sport, then you know it is a state of mind in which there is absolutely no fear and you act and react instinctively. You don't weigh alternatives or consider ...
- pricey replied Jun 7, 2009
first indi request — Hi guys, I'm looking for an indicator that seems so basic, it may already be out there somewhere? Basically, I'd like the output to be a line of text (Readable size) in the upper left/right corner. 1. Range of bar that's ...
- pricey replied Jun 7, 2009
Hi Pipmyride I know you're looking for encouragement so I won't explain why you won't succeed if you quit your job at this stage, the others before me have explained well. I would like to second Hilmys idea of getting a shift job whose hours don't ...
- pricey replied Jun 5, 2009
Afterwards (my day ends at 2pm EST) price started bouncing off the top and lower BB:
- pricey replied Jun 4, 2009
Looking at yesterday's trade in the cold morning light (well, ok its lunchtime but I am having breakfast). Yet another thing that went wrong: my plan is to enter on the break of the PB ie even if yesterday's bar was a PB I should have entered at ...
- pricey replied Jun 4, 2009
losing trade — There are a number of entries on the chart, all winners, but the last one's a loser. My fault. You know, if I follow the system and I lose, that's fine. And because my win rate is up today, I don't care about the loser. But I ...