IgazI wrote:BambinoFlex wrote:
Can’t tell if you’re a fan of Rick and Morty lol
What’s gonna happen next, that’s where I think many struggle.
I’m far from an 80% win rate, I’m sitting pretty at around 40%. But with stacking, it drives up the wins tremendously.
As time passes I’ll be closer to 80% but maybe I don’t need to be that high
Is it that obvious?
What's going to happen next? I'd bet that which is will continue, until that 'which is' is something different
I know what I am going to do if I'm right; I'm going to stack and make that 'moon money'.
The only question that I need to answer is what I am going to do if I am wrong; don't buy things for more than you can sell them
I've seen the signs
Sounds about right, never risk more than you're willing to lose!
I think what helped me, was the first post I read by TRO, it was in forexstation and he said something along the lines of only two things are possible.
Either a new high/low is made or either no new low/high is made. It's a pattern that will always exist, no matter how many come to know it, and it's present in all time frames. (paraphrased)
It's crazy how many are not able to understand that, but it pretty much set the stage for candle to candle formation
Inside Bar - No New high/low
Any other candle - New high/low
I took a tour with pivots, and as you mentioned, there's no real magic with any line, but Pivots work because the lines are always calculated the same way, day to day, hour to hour. The pivot bias, where [R1 is greater than high = Long] and [S1 less than previous low = Short], is exactly the same as the midpoint bias. I thought I invented something new, but in reality I just gave it a new name
Second to this, is my belief system, in which it's a mentality of "all or nothing" meaning that I need to believe in 100% returns to land somewhere among the stars. Many traders I have met can't believe in 20% yearly returns! That alone marks their destiny.
I think you've got this.
