So let’s agree to disagree but leave the insults out if it! I agree you could have an 80 percent win rate but just because you won eight out of the last ten has absolutely no bearing on your next trade
By the way my method only has a 60 percent win rate so either you scralp for very small profits or you’re able to read the market way better than me
Okay, your making more / less sense, not to sure. If your next trade, is the same setup and at that time and all other factors has a 80% chance of winning, then it'll have a 80% chance of winning, it might lose, but it never becomes 50/50, unless that trade is a 50/50 trade ofcourse. Next trade, could be a STUPID trade, that only has a 20% chance of winning, no trade ever has a 100% chance of anything. By identifying trades that have above 50% chance of winning is 1 way to make a profit, the other is lower win rate, but better R:R ofcourse.
Dax and YM I just keep it simple, I jump on short term direction ( 14 ema + a range ) with longer term ( 42 ema ), my SLs are tight ( 14ema +/- 0.08% via a autostop EA is my SL value min 8 max 14 ) All in my ‘thinking out loud’ journal.
if i could i would already be there. i have a dog and an elderly mother who depends on me....mother can manage without me but no one will look after my dog.Trading in Forex is actually illegal here so i would be happy to do that
I thought it was illegal there, kinda risky, but needs must, hopefully nothing they actually care about.
they do not care...but they cannot change the rule because the opposition will not let them....so they do not prosecute ....but their vote bank should not find out about it. it is a stupid rule because you can import almost anything...and that entails FX outgo