Other/new strategies doesn't interest you at all Why shouldn't they interest me? I would think it's very healthy for a trader to have an open mind. You don't care about other's point of view regarding the market Know thy enemy, information is power, ...

Healthy signs for a trader

I'm sure definitions of S&R vary, but that would be my definition. I'm sure definitions of "reaction" would vary as well though. I don't need price to bounce, but just for the price action to say that level is significant. The market will usually ...

No Brainer Trades

Yes, but the thing is that retracement is a trend of it's own on a faster timeframe. We're all trading with and against trends, so whether or not we are countertrend trading is a matter of perspective. All levels have the potential of failing. The ...

No Brainer Trades

I have a number of strategies and for me it varies significantly. Many people seem to like to state that a certain R:R is required, but that's nonsense. All that matters is return. 50% edges do exist. I'm sure I could achieve something like that, ...

% Wins v Risk Reward?

Apparently the market cares .

EURUSD

That'd be nice, but I'm not sure my position can hold out that long .

EURUSD

Thanks guys.

EURUSD

Can some please confirm today's pivots for me?

EURUSD

Because retail traders don't have to handle billions of dollars. It's ridiculous to try and compare a 5-7 figure account to 10+ figures. Give anyone here a billion dollars, and I'm sure their returns would plummet.

Hedge Fund Year to Date Returns

I wouldn't have that many lines on anything under a 4h chart. I like my lines spaced so I don't run into one every 20 pips or so! I don't think they're any more subjective than horizontals in identifying them, and probably less subjective when ...

No Brainer Trades

He's talking about an average, not achieving x% day in day out. As someone else said, better to focus on the trades, and if you're good, the results will follow.

What percentage profit per day IS possible?

Don't thank me yet, as my suggestion of not doing it may seem unhelpful. My argument against it would be the same I would use against martingale. Why do you want to do this?

Money Management 101

You're looking for support and resistance, example: image The lines are rough, but it shows the idea. Lines could be taken away, some more could be added, they would likely need adjusting if looking back further or on a faster chart etc.

No Brainer Trades

Probably far better than most people realise. The fluctuations in capital would be immense though. Very few of us will have an edge that large, and an amount risked to match it, so it's not worth thinking about. What might be worth thinking about is ...

What percentage profit per day IS possible?

Different time settings.

USD/JPY Discussion

Depends what you want out of it. Working 8-10 hours is your choice. I don't work to make friends, I work to make money. If I want to spend 1 hour doing so, I will. If I want to spend 10 hours doing so, I will. Trading is what you make of it.

Isnt a service career more satisfying then trading?

It can be. A retail trader is small and mobile, while the large participants are slow and clumsy. The retail trader has disadvantages, but also advantages. We can get in and out, we're not forced to take positions, hedge risk, provide a service etc. ...

Strategy of losers

That wouldn't be much of an argument, because a chart of a sample of coinflips would show trends. The proof that markets do not move randomly lies with the fact that humans are behind every action, and we do not act randomly. We may see it that way, ...

Strategy of losers

Of course letting profits run too long is harmful, that's why it is too long rather than just long! I will agree with you that we shouldn't let profits run just for the sake of seeing what happens next, but if we think it is profitable to hold the ...

Strategy of losers

Fine, now it is semantics. I don't need to. You stated as a fact that the markets were mostly random. There was no talk of it being our perception. Now you ask me to reread: Do you want to explain this? I don't see how I'm taking any of this out of ...

Strategy of losers