Fibs don't work

Discussion in 'Technical Analysis' started by SunTrader, May 18, 2022.

  1. tuxedo69

    tuxedo69

    the reason I asked how many trades a day you trade average ,is today i traded from first trade 8.50 am uk time last trade 15.30pm 4 trades in total so just getting a feel how many trade's we trade a day. (just out of interest)
     
    #351     Feb 27, 2024
  2. SunTrader

    SunTrader

    I do similar, 2 to 5 a day.
     
    #352     Feb 27, 2024
    murray t turtle likes this.
  3. tuxedo69

    tuxedo69

    SunTrader, are you always flat at the close, or do you have to manage the trade into the next day?
     
    #353     Feb 27, 2024
  4. SunTrader

    SunTrader

    Almost always flat EOD.

    Though I often trade European open (bleary eyed) and keep it into our day session so kinda sorta like same position from prior session though technically not.
     
    #354     Feb 27, 2024
    tuxedo69 likes this.
  5. Sekiyo

    Sekiyo

    Unless you’re First In First Out
    The crowd can move the price for you.
     
    #355     Feb 27, 2024
    murray t turtle and MACD like this.
  6. MACD

    MACD

    Yes ! ABSOLUTELY
     
    #356     Feb 27, 2024
    Sekiyo likes this.
  7. You literally don't get what you're saying.

    If everyone knows your edge then the price of the asset has already adjusted to incorporate it. The information has diffused.
     
    #357     Feb 27, 2024
    murray t turtle likes this.
  8. Sekiyo

    Sekiyo

    It doesn't adjust by magic.
    If you're not front runned by other traders,
    Then you can still profit from your widely known edge.

    What I said holds true.
    Not saying it's doable in practice.
     
    #358     Feb 28, 2024
  9. I regret to inform you that you simply don’t know what you’re talking about.
     
    #359     Feb 28, 2024
    Frederick Foresight likes this.
  10. tuxedo69

    tuxedo69

    I'm not a scalper as my trades last in duration from about 1min to 20 min each open to close.
    No trades this morning very quite until about 10.30 uk.
     
    #360     Feb 28, 2024
    MACD likes this.