RED RAT GOT CHEESE
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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TheRumpledOne
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Kenyuki wrote:Does someone please have the patience to explain why "there is no trend"? (As TRO has been mentioning this a couple of times already).
Cheers,
Ken.
Because trend is a relative thing: you may have an uptrend in h1, but in d1 is downtrend, and so on. and you cant predict when that so called "trend" is goind to end in any tf.
Regards
Carlos
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jhtumblin
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I always wondered, if a "system" always lose, no matter how many and how precise the indis used.
Why not make the opposite trades ?
Defy "conventional trade logic" , be like a rat.
Carlos
A system is not what typically what causes losses. Losses come from overtrading (aka losses to transaction fees), bad position sizing, and greed. We all know that a simple moving average, if you take every signaled trade, will break your account in the long term. However, you will find that the W/L ratio is near 50/50. So why can't you make money off trading just a moving average? For the reasons stated above.
I am a profitable trader and have been for nearly 10 years, the most expensive thing for me is not the losses, but transaction costs. It costs me money to win, it costs me money to lose. If I take 10 trades a week on 10 full lots, I have to make $2000 just to break even. You may say "that's only 20 pips!" you're right, but the majority of the people trading would kill to make a consistent 20 pips/week....and that only gets you to even. In reality, the odds are stacked against you, you just have to find a way to overcome it.
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TheRumpledOne
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TheRumpledOne
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Kenyuki wrote:Does someone please have the patience to explain why "there is no trend"? (As TRO has been mentioning this a couple of times already).
Cheers,
Ken.
THERE IS NO TREND!
TREND IS A CONCEPT AND EXISTS ONLY IN THE MIND OF THE TRADER.
Price can be up for the year, down for the quarter, up for the month, down for the week, up for the day, down for the hour - WHAT IS THE TREND?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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