You are a fraud , who you trying to impress ?....Noobs ...if they follow you they will blow their accounts faster with small stops.
Hindsight anylysis , if you trading it it is a failure .......................after the event in hindsight it became a reversal , it was never a...
When it fals , we do not like to use the word fail , we like to call it reversals.
Still the failure rate is 95 % , because the rest are not traders but long term investors on buy and hold.
The plan works
Mr Hindsight better. How many traders would carry on being normal after two to three bad trading months?Would you be in the same mindset after...
Buy retracements to up trend lines
Sell trend line retracements rejection/failures to trend lines
Here is another trend failure .A fraud!
alternative is to buy price action support set ups at trend lines.
Most traders are betting on unknown outcomes on lower probability trades , and unprepared for unpredictable volatility .This is what does the damage.
Alternative is to sell price action resistance set ups , with a 20 pip stop
It is quite a good set up ,I use it but have never back tested it .Similar trend entries produce over 70 % plus hit rates.
There is a very good article about system and education peddlers.Read the ugly truth. http://www.dailystocks.com/turtlerules.pdf So if this...
This still does not make it easy to implement , the proof is in trading educators not making money by trading p/a due to their own inability to...
I don't trade t/a or p/a failures , they are low probability except when they happen counter trend ....
Price action works better in the direction of moving averages , trend lines and price direction , otherwise it is no better than coin toss.
On fridays , trade trends and sell lower lows and buy higher highs.Bulls run on fridays in down trends and bears run in uptrends especially on...
Blame the mentor for teaching support trading using technical anylysis.Support .......what support ?deluded term in t/a called support that breaks...
protect your account and recover your losses same day , is normal defensive reaction.You should always win at any price....
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