That's an interesting place to enter a short trade, man. Would you mind shedding some light on your thinking about why to enter when you did?
Only 1.8 pips Drawdown on this USDJPY long trade with 44 pips Take Profit, so effective 25:1 RRR trade !
Well I was really looking forward to reading about your getting rid of the time element thing, care to elaborate?
if i didn't have company for the holiday i would elaborate as it is my favorite subject. this below pretty much explains the basic's of it. https://www.investopedia.com/articles/trading/10/range-bar-charts-different-view.asp
When you say eliminate time I drew a blank like wtf? In my world everything is based time? I will check it out, Thanks, I hope you had a nice holiday,
compartmentalizing data into blocks based on range rather than time, just makes perfect sense. price movement is what we trade not time segments, yet the industry seems to be stuck on time. the perfection of math has been questioned but all are blinded by the influence of time upon math. time is not math, to interject something non-mathematical into a math equation seems destructive. i personally view time as a nuisance with no benefits whatsoever as far as trading the markets. once you isolate the price movement into performance based rather than time based, math starts to work like it's supposed to in a dependable repeatable pattern. m
In essence similar to pattern recognition, I am not referring to flags or angles, more like bars grouped in a peak or a dip, this makes perfect sense, so does applying the math to the specific block, but what it also does, it creates a pleasant distraction, Thank you for the info,