god your understanding has more holes than my swiss cheese. ever considered teh fact that drawing s/r , trendlines and the like actually requires judgement i.e DISCRETION???? which is why idiots like yourself cry when they can't make money off trendlines and then say trendlines don't work or cry when they can't make money off support/resistance and then complain the s/r doesn't work. shit judgement = nothing works great judgement = everything works
Aussie spider you are arguing about semantics. Such a treasure, making up stuff about trendlines or S/R I didn't say. Whatever it is, it doesn't work well enough for you, not surprisingly. You are a loser. You are a crybaby. You are so so far from knowing what to do and how to do it, to ever become a market winner. Now is a time for you to learn a little more, if not very much.
Just as an aside, I think it's important to take any strategy and realise the expectancy of success. IMO I believe this is where a lot of people go wrong. They may backtest, which is fine, but KNOW what your probability of success is for each trade BEFORE you even execute it. I have a few strats and for one of them I know what the odds of failure are before I even enter the trade. This makes it easier for me psychologically to deal with any loss which I may encounter. If no loss, then the rest is just down to good money management and an exit strategy (God I make it sound so simple!) My 2 cents. Mikey.
hmm looking thru the last say 20 posts for urself cheese (most of it the most unremarkable of bullshit and fluff) i can conclude that you've indeed found the holy grail! no stop losses, stop and reverse and guess what we get all the points!!!!! if ur a trader who has a "complete" stop/reverse methodolgy on a daily time frame then u'd be posting on trader P/L far more often which you never do. Seriously get a life ya keyboard jockey
Aussie spider, how unwittingly you continue to show that you are a loser. You are lost. While it is correct that I encourage as many as possible to go where the most money can be made, I would not expect you go there. Like so many wannabes you prefer to rot in your own BS. Go where the points can be made!
I'd venture to say that all successful traders I know do exactly the opposite of what you propose. They have solid proven edges, take *all* trades, even when it doesn't feel right. For instance, the day after having lost mega-bucks, they get up and place the same trades again (and again and again). They *never* concern themselves with an individual trade - rather they look at trading as a process and work to get as many trades off with a proven statical edge as possible. IMO, learning to think and act the same way the Casinos operate, is the way to profits.
Get a life fuckwit. You are the usual loser who wants to stay that way. And if as you claim "the points can be made on any market", then you need to capture them. So get going!
Yes, so complicated my mind is imploding into a singularity just thinking about the scope of its complexity! But, in all honesty my best strategy is a combination of taking whatever trade I want for whatever reason, and when wrong, cease being wrong.