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FuriousTrader
 

Registered: Dec 2011
Posts: 4

 

04-24-12 06:32 AM


Quote from Visaria:

You have to do what is right for you. There are many shoes on the shelf, wear the ones that fit.



what he said!

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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

05-06-12 09:31 AM

Here is last weeks price action.All the trend moves were sudden and single moves, most trend traders would have missed them or gotten chopped out.

Here trend trading does not work.

day trading.jpg
This has been downloaded 161 time(s).

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applejuice
 

Registered: Jun 2011
Posts: 46

 

05-06-12 10:12 AM

d

day trading2.png
This has been downloaded 141 time(s).

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Riffraffpatrol
 

Registered: Feb 2011
Posts: 236

 

05-06-12 02:59 PM


Quote from oilfxpro:

Here is last weeks price action.All the trend moves were sudden and single moves, most trend traders would have missed them or gotten chopped out.

Here trend trading does not work.



So what's your point???

The thread I thought was about u trying to make a case on why day trading is a loser's game??? You've done nothing to bolster your case with this meaningless post.

Day traders will spot these short term opportunites to make nimble profits up and down with these swings.

Keep looking oilfx...

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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

05-06-12 05:27 PM


Quote from Riffraffpatrol:

So what's your point???

The thread I thought was about u trying to make a case on why day trading is a loser's game??? You've done nothing to bolster your case with this meaningless post.

Day traders will spot these short term opportunites to make nimble profits up and down with these swings.

Keep looking oilfx...



Small profits in high volatility will result in stops getting hit faster than take profits.To have small profits ,one must have smaller stop to make be profitable , and smaller stops get hit more frequently and it messes up positive expectancy.This is not good for the psyche,discipline and emotions of the trader.

Those image shows hardly and major trends , most of those obvious trends break down in a few pips.

If I was selling trend trading courses ,I wouldn't want people to believe they don't work.

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Riffraffpatrol
 

Registered: Feb 2011
Posts: 236

 

05-06-12 06:12 PM


Quote from oilfxpro:

Small profits in high volatility will result in stops getting hit faster than take profits.To have small profits ,one must have smaller stop to make be profitable , and smaller stops get hit more frequently and it messes up positive expectancy.This is not good for the psyche,discipline and emotions of the trader.

Those image shows hardly and major trends , most of those obvious trends break down in a few pips.

If I was selling trend trading courses ,I wouldn't want people to believe they don't work.



That's why u only enter on high probability, high profit potential (relative to risk...ie stop loss distance) low risk trades. It's not rocket science...

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