Agreed, but adjust the position size so that a 15 tick loss doesn't kill your account.
I'll let you know, just after the close.
Hi TTT, Consistency is up to you. For me, spot FX markets work well. For others, options or futures are great and for who ever you talked to,...
Yep, but don't tell anyone, it's a secret.
Some other little gems from Kahneman and Tversky's studies on psychology in economics: People predict by making up stories. People predict very...
Hi speedo, that's another very good point. I admit I was thinking more generally about how "the need for certainty" seems to be what drives...
Perhaps Kahneman & Tversky got it right: "Man is a deterministic device in a probabilistic universe". Maybe that's the real secret...
Hi TTT, Mnewton is dead right - it's just plain hard graft. Try reading this thread:...
Maybe the key question is really "Who's sentiment matters the most?". The shift in momentum must largely come from the big money. In the end,...
Hi padutrader, Tops and bottoms are different because the sentiment shifts. Essentially, at a top, everyone who wanted some has got some. At a...
Yes. Yes. It's conceptually very simple but can't easily be programmed (maybe an AI system could do it) because it's highly visual - no...
We'll have to wait and see. But black swans are always the event that is so unlikely that folks don't even give it a thought, let alone plan for...
Yep...! As George once wrote about the markets: “If you don’t know who you are, this is an expensive place to find out.” – George J.W. Goodman (1968)
Now that other countries are busy developing new trade relationships that don't include the USA, isn't there a danger that if this goes too long,...
Thanks traderGOD for an interesting discussion. I did read AB's book and looked at the video course and like others, I found the videos easier to...
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