DislikedFor example, suppose you knew that the market would have a probability of 94-96% of having at least a 70 pip range today. Could you build a trading system on that objective information?Ignored
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DislikedFor example, suppose you knew that the market would have a probability of 94-96% of having at least a 70 pip range today. Could you build a trading system on that objective information?Ignored
DislikedEasy, after 50 pips in one direction, after the middle of the US session and considering that there aren't news anymore, I'd go for 20 pips TP with 40 pips SL. I'd win at least in 80% of the times.Ignored
DislikedIt's impossible to escape the statistics. The first priority when looking at any trading system is to look at these numbers. Duh, right?Ignored
DislikedNow, I'm probably opening up a can of worms here, but when you start with objective data, could you build a controlled martingale strategy when you operate with the odds on your side?Ignored
DislikedThere aren't so many without news during the asian or aussie session and I factored them in. One can move the market with lower volume during this sessions but without a very good reason it will not happen.
You're still a little bit under the spell of DS and his high win ratio. I don't have a problem taking losses as long as the winnings are bigger. If the odds are on my side I don't care that I don't know what will happen on the next trade. I've just quoted somehow from Douglas, shame on me.
If the odds are on your side you don't need...Ignored
DislikedInstead approaching the market with your idea, try to approach some aspect of the market that you can quantify, then apply your idea--namely, trading without relying on an subjective prediction about the direction of the market. For example, suppose you knew that the market would have a probability of 94-96% of having at least a 70 pip range today. Could you build a trading system on that objective information?Ignored