Price Action. Please clarify something for me

Oh well 2 hours later. Some 25 digit cab file is corrupt.

Won't start up.

-Stephen

 

55%

Extremely close to 50/50.

Thanks,

-Stephen

 

To those who answered the question about the % wins, what are your profit to loss ratios plz?

Thanks

 

For what's it's worth I finally got *something* to work:

http://www.lionsfutures.com/Jtraderonlinedemo.html

-Stephen

 

%Win is only part of the equation. Average Win / Average Loss is another. Then it matters how many such trades you can have in a year, observing your money management rules.

As you know trend followers have low %Win rates (less than 35%), and they are still quite profitable.

 

Yes, of course. But doesn't this indicate your (no offense
intended) analysis is close to having the accuracy of a coin
flip? I'm not being nasty.

-Stephen

 

I re-started my computer.
I believe I have the latest version of Java.

I came across a second site that requires Java to
run a Jtrader demo. Didn't run there either.

Any suggestions? Is this a ActiveX matter?????

-Stephen

 

Sulong, are you trading using Joe Ross methods? Reason I ask is I saw some posts of yours on a T2W thread.

Steve

 

I don't think so.

Your %win depends on other factors besides your entry. Only combining a coin flip entry with a coin flip exit will give you zero expectancy over a large number of trials (ignoring slippage and commissions).

Here there is an article on this subject: Play a Game You Can Win by Paul M King

 

http://www.globalfutures.com/platforms/jtrader_tutorial.asp

Videos here if anyone wants to know.
Works okay in RealPlayer.
Suggest you view them a number of times. He covers a lot
VERY quickly.


Introduction
Order Entry
Reflector
Ending

-Stephen