Thank you soo much. That is like what I was searching for more. Your insight in to volatility is to correct SL is of help. Enjoy it.Originally Posted by ;
Thank you soo much. That is like what I was searching for more. Your insight in to volatility is to correct SL is of help. Enjoy it.Originally Posted by ;
Long-term profits are always a function of the win-rate in addition to the risk-reward ratio.Originally Posted by ;
I have a feeling you might as well be talking a different language entirely!Originally Posted by ;
Note: The term Improved pair I gave into usd/jpy aud/usd was earlier Helicopter Ben give his freakin dovish statement hours ago, today the condition quite different because those statement from Uncle Ben bring down fog into the clear route.Originally Posted by ;
What I mean clear pair: if in a pair one currency facet expectation and or economic condition becoming comparison with the other facet of currency pair. In contrast on jpy side and giving an example on canadian side, of cad/jpy the market the anticipation economic state of japanese is in the form. We got clearer route of bullish stress to cad/jpy, that way we could wait to buy the dip.
So, it's all based on reality and how most people will behave, not simply based on mere illusion of chart. Technical visualization of chart of course important to target the precise entry, but without understanding the theme I would say we are not substantially different to a gambler.
About intraday trader aiming 30 pips, I know many trader employing those sort of egy, but that I don't quite grasp why trader would just limit their TP into 30 pips. We're trading of course want the odds low our winning rate, right? One of the way is by not limiting our profit. For me personally I prefer not set my TP, although it's okay to set SL. With that egy I am increasing probability of survival to the black swan (see: losing attack ).
When the pair goes to 700 pips per week would you just reduce your profit to 30 pips just? Or you prefer to ride it out whenever the desktop condition start to modify and diminishing your posture? If you watch a sharp surge in price would you revealing of your guts to input little percentage or with complete amount each dip by watching the condition start to turn in your favor? Consider it you will find the ideal answer for yourself for your future's sake.
Risking a lot of could be lethal. A string of losses will probably do more harm than a string of profits will probably do great. That's how it is. 2 percent is statistically proven to be agressive. Don't forget you still want what some refer to as an edge. Otherwise you will not be saved by MM. You will bleed slower. Border and MM are not mutually exclusive.