How can you even claim that technicals matter?

Discussion in 'Technical Analysis' started by farmerjohn1324, Jan 30, 2020.

  1. If my take-profits are 2x what my stop-loss is...

    Then it is 2x as likely to hit the stop-loss first.

    Thus, it breaks even.

    That's how I see it.
     
    #11     Jan 30, 2020
    Sekiyo likes this.
  2. themickey

    themickey

    This is an old argument played out on ET numerous times over the years.
    First off, I would not recommend starting off as a new trader daytrading.
    2nd, if you are playing in an arcade games, are you predicting an outcome or reacting to events which cause you to pull the trigger?
     
    #12     Jan 30, 2020
    Nobert and Axon like this.
  3. Unfortunately, I don't have time to watch charts at all.
     
    #13     Jan 30, 2020
  4. danielc1

    danielc1

    You do not have to do anything. We only react to your assumption that you stated here, that we know are not true for traders. Just wanted to help.
     
    #14     Jan 30, 2020
  5. themickey

    themickey

    Great! Good decision.
    Create a database instead with info you can number crunch probabilities.
     
    #15     Jan 30, 2020
  6. themickey

    themickey

    What actually was your point in creating the thread?
     
    #16     Jan 30, 2020
    NQurious likes this.
  7. I was here several weeks ago, and I decided that there is no way that I currently know to reliably make a profit with trading. I have deleted all of my apps. I was just thinking about it today when I was looking at how recent news is what is moving markets. Not moving averages or RSI Etc.

    If I could find any way to even get a slight edge above 50%, then I could form a strategy around that and find a leveraged way to trade that strategy.
     
    #17     Jan 30, 2020
  8. themickey

    themickey

    Watch these 4 videos if mildly serious about trading, someone on ET (forgot who) posted this a little while ago, thanks to them, it is good value.
    You don't even need 50% win rate.
     
    #18     Jan 30, 2020
  9. themickey

    themickey

    Was ZBZB, thanks mate.
     
    #19     Jan 30, 2020
  10. Ak7373

    Ak7373

    because if you play roulette your odds are < 50% and you can not change it. If you trade you are able to make your odds more than 50%. Even 51 % in your favour may be enough to succed
     
    #20     Jan 30, 2020