You will fail miserable, patterns don’t work before context.
Thanks for all the answers, clears things up a lot. Second question, if these traders at banks don't really make money, why do they want to go to...
So what does "trading" or financial markets in banks consists of? Besides market making and sales? I can't understand why there's such a HUGE...
“Wealth managers” as how insurance people like to call themselves.
Is volcker worldwide based or exclusively US? Why so many financial market departments then? If mostly are market making?
I often hear that big banks, like GS JP CS MS and such making money trading or hedge funds or such. They are all making money consistently trading...
Update: Been testing another method of exits, combining higher time frame with lower time frame entries and risk management. Seems to be working...
Agreed, I actually took a long at the last pullback and took profits at the peak before CPI came out.
I would have traded the first half and second half of the chart differently. But still nice charts.
Nice chart, you can tell at the end of the chart the trend is weakening.
No statistical study or programming used. Manual backtesting, tons of instrumentd and years. Another thing I find useful to determine strength is...
Yea that's why you have stop losses and trade with the trend and also have a system. Not sure what you're implying.
Good points.
Agreed. I see 2 nice trends (kind of like my picture) in the chart where I would have traded on the pullbacks.
[ATTACH] Above is a chart of 2 different uptrends, ASSUME THAT BOTH ARE SAME TIMEFRAMES, which one is stronger to you? And why? What is your...
Yea, but always shoot for improvements, what you can do better, psychology, system etc. Don't want to be stalemate and get complacent or such.
What time frame are you doing? Because I focus solely on 1 hour and below, so "skewed by the bull market, or world economic situations (QE...
Nope, with say a 1:3 ratio, you’d get around 18 R per 10 trades for a 70% win rate. 60% and you get 14R etc.. so 6-7R really isn’t much IMO.
I've got a degree in finance. To be honest, I often think that traders on forums and professional traders/finance guys are completely different...
It's not that good, you lose 2 trade and 2R is gone, every 10 trades you are only left with 6-7R, minus comissions thats even less.
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