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- BBalazs replied Aug 7, 2017
I heard the expression PA being thrown around time and time again, yet I fail to understand the real meaning of it. It seems a little bit mistified to me, something that is the be and end all of trading, something that is the key to the kingdom of ...
Dax - Daily analysis and Discussion
- BBalazs replied Aug 4, 2017
We might not get much movement until the NFP release.
Dax - Daily analysis and Discussion
- BBalazs replied Aug 4, 2017
Well said, although I have yet to experience this state in which I can "feel" the market. To be honest, I tend to think it is nothing but the mystification of probabilistic thinking. It takes years of screentime to get a "sense" for price movement, ...
The Trader's Academy - by Traders for Traders
- BBalazs replied Aug 3, 2017
Yeah, as it has already been said in this thread: "It's an ego thing - nobody wants the simple solution that gets handed to them, everybody wants to be the genius that solves the unsolvable problem."
The Trader's Academy - by Traders for Traders
- BBalazs replied Aug 3, 2017
I wonder, why do you take partial exits? Isn't that hurts your bottom line? It just seems a little counterintuitive to me. You are esentially taking a full sized loss while reducing position size when you are right. Don't take it as an attack, I am ...
Dax - Daily analysis and Discussion
- BBalazs replied Aug 3, 2017
That is very true. No amount of trading advice is going to help you (Douglas' or other coach's) if you don't have a method or an approach that has an edge. The psychological advice might help you to lose money slower.
Trading is as simple as ABCD
- BBalazs replied Aug 2, 2017
That does not mean that his advice is not genuine and true. If we examine competitive sports for example, most coaches are not professional athletes themselves even though they are very well aware of the fundamentals of their chosen field. Yet, they ...
Trading is as simple as ABCD
- BBalazs replied Aug 2, 2017
I seriously hope nobody buys into this 50-60% a day bullshit.
Lets Automate a Simple Renko Strategy!
- BBalazs replied Aug 2, 2017
It's quite amazing how well you are able to read the market.
Dax - Daily analysis and Discussion
- BBalazs replied Jul 27, 2017
I just started reading it. Looks very promising, thank you for the suggestion
The Trader's Academy - by Traders for Traders
- BBalazs replied Jul 25, 2017
Thanks for the clarification. I don't know any successful CT trader, so I assumed that fishing for a reversal is the point of it. Anyway, I prefer to have a high R:R, so I'll stick with the good ol' trend
The Trader's Academy - by Traders for Traders
- BBalazs replied Jul 25, 2017
I would say it is more like potential profit maximalization. After all, the most money is made if you catch a trend reversal. Of course, it rarely - if ever - happens.
The Trader's Academy - by Traders for Traders
- BBalazs replied Jul 24, 2017
Following that train of thought, why try anything that we might fail at? Why stretch ourselves? If we did not dare to try new and seemingly impossible things, we would still be sitting around in caves, painting indistinctive paintings on it's walls. ...
Why do most traders think that they will become profitable?
- BBalazs replied Jul 22, 2017
A possible remedy is to think what else would you do instead of trading if it won't work out. Make sure not to burn all the bridges and have a plan B if things are not working out as you would expect. As romantic as the whole 'give it your all, ...
The Trader's Academy - by Traders for Traders
- BBalazs replied Jul 17, 2017
It might be due to the fact that us human beings are by nature loss-averse. This tendency served our ancestors well back in the days, when they were better off not investigating that strange noise in the bushes even though it could have been the ...
Trading is as simple as ABCD
- BBalazs replied Jul 15, 2017
Same here PappaJack, ever since I stumbled upon this thread, I never looked at time based charts again.
More simple is impossible
- BBalazs replied Jan 31, 2017
GER 30 ( -5, +10, + 5, +14, +7, +6, +21) First day off from work and the best day of the year so far. Coincidence?
More simple is impossibleI would show the 1 point RB chart but I closed my MT4 by accident around 1 pm so the ticks are lost. The picture is 5 points ...
- BBalazs replied Jan 31, 2017
Is that Volume or Market Profile? Welcome back
More simple is impossibleNVM, it's MP.
- BBalazs replied Jan 30, 2017
I have to agree with JT. I always do something else while I'm trading, despite the fact that I trade pretty small TFs. (1 point Range Bars on DAX). Sometimes it takes a while for a setup to form (I consider higher TFs as well) so staring at the ...
Plan the Trade
- BBalazs replied Jan 27, 2017
Welcome aboard ganesubu! You are asking the million dollar questions. If there was a way to reliably identify a trend, to know exactly when not to trade (or switch to range-trading strategies) and most importantly, to know when the trade the ...
More simple is impossible