Whatever works, but the bottom is longterm resistance and has been touched three times, and the descending TL now has 5 points. Both are significant, more so than the shorter term channel.

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The relationship is certainly not that simple. Wait too long, and winrate suffers, and getting in early may only have a minimal effect on winrate. This doesn't provide an edge, it just adjusts the distribution of profit. This is a personal viewpoint ...

On the topic of BS in trading forums...

Agghh. Had a siesta at 2280 or so, wake up 12 (!) hours later to find my shorts went for a ride, only to come back and spike through my stop. It's about time that I learn that when I go to sleep, something probably will happen. Should've trailed the ...

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Those who can predict, get in ahead. Those who can't, react and take worse prices.

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If you have to ask, you shouldn't do it.

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I do not think that is an appropriate reaction to a small retracement after a new low.

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We do learn much of it, we just don't get it. Many of my "aha" moments were things I was already aware of, but didn't truly appreciate. I imagine the same is true for many people.

AHA moments in your trading career

As long as a piece of string?

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Two before trading: 1. Viewing the world in terms of maths. 2. Only taking good price. Since trading, and roughly in order. Some void earlier ones, and some were "rediscovered" to be done properly. - Support and resistance. - Only need charts. - ...

AHA moments in your trading career

I'm not suggesting to move it faster, as I can't tell you how best for you to manage your stop. I'm just pointing out that nothing is free - all actions have a cost. Maybe I'm being a little picky over your use of the word "free", but it's said all ...

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No trade is free, all actions we take have consequences. The faster we move up a stop, the lower the survivability of the trade; the slower we move it up, the more we stand to lose if the market moves against us.

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Generally it matters much less than people think. A good trade will be usually be profitable on a very large range of risk-reward ratios. Of course there will be an optimal ratio, but I doubt most people put in a lot of effort to narrow the range, ...

risk reward / win loss

Just observing that most calls are wrong, and based on hope or overreaction.

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We have to find something that not only works for us, but something that suits us. Some may be better at one timeframe, others may prefer another. I seem best at position trading, as well as it being what I enjoy. I've probably over-argued precise ...

why is everyone so afraid to average down?

What a fickle crowd. We hit a speed bump after a heavy drop, and people are coming out of the woodwork to call a bottom, with probably no more skill than those who called the top halfway through last year.

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Sleep is the devil. Missed my short order at 2460, and obviously couldn't get in manually.

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3000 pips is the current trend, and I'm talking about the drops within that trend. I'm not talking about a change of trend, but that people are calling for the next drop every day, and they're usually wrong. There's always an impatience about the ...

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People have been calling for the big break for a week. And before the last week, it was the week before the last drop. Before that, the months of ranging. Seems many are in a rush - it'll break when it breaks.

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Never said we said we won't move further south afterwards, I just don't think we're ready to drop yet. If you didn't agree, I don't think you would have mentioned your interest at 2440-50. My interest will be at about 2460-70.

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We're still below resistance though. The most probable outcome in my mind is a slight move down, followed by a move up.

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