A reply with a good angle. It is true that the term big win rate attracts more follower compared to big RR and yes it is not sexy in a forum Probably the reason for that is big win rate promises a sense of certainty where as big RR is associated ...

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

Yes, you are right. If a trader change part of his trading strategy then it might have minor or big impact to the trading performance. It should be noted though that a trading system usually comes with SL and TP settings (or without TP but with RR ...

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

Yes, you said it yourself. Let's say low R:R means 1:1 risk to reward ratio so: For those with low RR they must increase their hit rate. So in a sense, High hit rate + low RR = profitable result For those with low hit rate they must increase their ...

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

Honestly, I don't know how to answer that So it's up to them to come forward and say things. It will become more interesting if they do come, right?

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

Yes, you're right. I totally understand you point of view. However, there is always those who have different opinion than yours or mine and that's what I'm trying to dig here

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

I haven't browsed this forum intensively trying to find such setup (but I'm sure some of the threads here mentioned a high probability setup) but one of the traders that I follow is a proponent of this high hit rate idea. However, I'm not going to ...

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

Well, in this case you are one of those who reside between the two extremes By logic it seems hard to strive in this market with only 1% win rate because it means you must a very high R:R to cover the 99% losing trades although the idea is very ...

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

I don't know who coined the term high probability trade but apparently it means a setup that has a hit rate. A setup that can offer 70 wins out of 100 trades can be said a high probability setup. And this mean, scraping the majority of trading ...

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

That. I totally agree with you I read Peter Crown posts from a while back and he held his position for quite some time so yeah I think we have to play this like a domino effect, catching the IB from small TF and then see it avalanche through the ...

The DIBS Method... No Free Lunch continues

This is an interesting thread to follow. Can someone please tell me whether the thread starter already achieved his goal to make 100.000% in 10 to 20 trades? Or has anyone faithful to this thread managed to achieve that kind of result?

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I entered the forex arena in 2004 and saw a lot of things but the most common mistake is ignorance. What I mean is traders take things for granted and they just don't see things unless something happen and they are forced to become aware of it. ...

"Losses can exceed deposits"

Trading strategies are designed based on a set-rule so if the conditions vary of course the strategy will fail. Adjustments must be made in this case. That is why it is better to become an all-round trader than to master just one technique.

What works, and what doesn't

Renko chart is one possible solution because it is purely based on price movement. Maybe we can also go to smaller time frame and see what's going on. If for example, the price is forming consolidation pattern like channel then there is a chance ...

What is your best chop indicator to keep you out of choppy markets?

I read about news trading before and one of the trading strategies for news trading involve not using stop loss. The idea is valid but I don't know if regular trading is a match for no-stop loss tactic. Anyway, I will observe this thread more.

Trading Without a StopLoss

I am also interested to find out more about news trading specifically the type of news that will bring high impact because some times those listed on FF calendar proven to not bring big impact to the market. I'm not a news trader but I take news ...

News trading discussion - continuation

Hi Mr.Pip, This is thread is a good thing to read. 1 question for you: What do you do when the pattern fail? Do you open an opposite trade or do you wait for the next pattern to form? TIA for your previous time.

Ratios & Harmonics: a Different Way to Trade

When I see a fakey printed on my chart this song come to mind... pretty catchy too url

What kind of music you hear while you trade?

Great share! Sup/dem is a topic of interest for me so thanks for sharing.

Price is everything

Every pattern (be it candlestick or western or anything else) is bound to have losing trades. It is well known that nothing in this market is perfect. It's all about using the imperfect and adjust it to the market.

Winning H1 candlestick patterns