going long at the bottom of the range is acceptable and I do that. I could have even shorted at the top of this range. But stop. Think about it. It would be riskier shorting the top of the range (which I do quite often under different contexts). Why riskier? What if that extreme overnight bullish context continues? But the odds favor any drop will be recuperated. Now back to going long at the bottom of the range. That is a fine strategy but one must always keep in mind the longer the range expands horizontally the odds become less and less that a successful BO or move up to the top will have (even in a strong context like this. Why? well if bulls were still strong it would be going up in this strong context). The range is becoming longer and longer and more likely a successful BO at the bottom will happen. Why? Well bull channels tend to BO (when they do) out of the bottom side and time increases that probability. See odds are higher to play the shorting the top of the range the longer the range expands horizontally. But if one can get in on the very EARLY stages of a range then going long even if prices moves against one at first gives good odds in such a strong context the trade will be successful. Especially in a strong context. I know this may seem confusing but think about it. I got in early long 7 contracts as a range was forming, if I had done this way later Odds favor I could get burn’t. Burn’t, that is, going long from the top of a range that has been going on for several bars. Better to short in such a case from the top of the range. My brain is fried. Gotta stop. Bye.
Honestly, I haven't read so much BS in a single thread in a long time. Price action is not an edge it's a tool. My edge: I know the price of an asset better than other participants in the markets I trade. I create synthetic assets that mimic the prices of the original ones or their constituents and use them as a timing tool to trade the original markets. i also exploit regulatory restrictions and trade markets others cannot. It's very niche and that's why it works
Jesus also said “give and it shall be given...good measure..pressed down... “Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again.” Luke 6:38 KJV There is always a few pigs running around crapping every where but most traders on ET are just trying to find a way to get profitable. I don’t mind sharing.
Looks like to me you just wrote about 100 characters of pig crap maybe?? At least he shows some charts and progress..AND TRADES not all after the fact..LOL
It's the ruse that all you voyeurs produce. I'd bet not one of you had an up year this year, despite the averages. Chart after chart after chart. "Wow, look at this turning point here! This is where you should have bought!" It's literally how to spot the BS artists with little to no net worth. I've posted over 1,000 trades to this site in real-time and you wouldn't know what to do with them if they had landed on your face and wiggled.
lol. non of this is true edge. detesterio you dont have edge either. all edges are either speed or information (data) or both. has nothing to do with finding or seeing underpriced assets or trades. locals floor brokers had real edge. speed and information. information in order flow news and who is really buying or selling. you can make money without an edge trading! it is called SKILL and if more skillful and experienced you should make money. edge is guaranteed expectancy on thousands of trades n contracts. hft has true edge now and option market makers. anything else is just skill which pat yourself on the back. is great
Well I know what to do with your BS Dest. Throw it in the latrine..LOL. The sooner the better. It really stinks.
the limiting factor with edge is the number of contracts n who else is still ready to sell to u if buying or buy from if selling