aVi wrote:Now... I'm depressed. I got the ZL thing rather quickly. This stuff on the other hand, not so much...
As I always tell people,"you only suffer from depression when you
expect life to get better."
If/when the Dynamic Trend gets put into a multimeter then it will be no more confusing than candle color.
I was talking to a friend IRL and, to paraphrase, I said that if you always focus on the zig and the zag then you will never see the zoom.
How many of you have looked at a daily chart?
Do you not know that price moves a hundred or hundreds
of pips from the open to the close of the day?
How many of you have looked at a weekly chart?
Do you not know that price moves HUNDREDS of pips during
the course of a week?
Based on that information why do you find it so frackin hard to
If you always know where you are going then you will always make
it to where you are trying to get.
So where are you going?
Several hundred pips in some direction!
How are you going to survive the journey?
Now that is the question...
By way of the smallest risk crammed into the tightest space
so that your reward can be seen from the heavens.
The probability of any particular trade surviving such a journey is
small compared to short term (only) trading so you have to remind your self that your suffering is in the name of a reward that can be seen from the heavens. A reward so great that it looks like an e-book fairy tale promise.
Some fail to realize just how important a trade is that was not immediately wrong.
Your stops should be expanded with your profit prior to a correction
and then, considering that price moves hundreds of pips in either direction, see if you happen to be right
about the long term direction.
The initial risk you take is small because the probability of success is lower, but you compensate for lower probability and longer durations with your ability to trade multiple currencies due to your
I know it doesn't make sense:
I tell you to risk little and then I have you risk all of your profit.
I tell you how to trade against people holding onto profit and then turn around and suggest that you hold onto yours.
This is a completely different set of psychological edges we are dealing with.
You are offering your profits while others are "protecting" them.
You are investing in your future while they are living for today.
You are long because the longer duration charts suggest that price eventually moves great distances from the point of your entry.
They are long because they are trying to make 10 or 50 pips a day
out of some sort of physical need for money that has nothing to do with anything.
The list continues with you prospering and the others sweating through the days only to achieve four decimal places to the right
of what you are bringing in.
Let not the talk of long durations tire you as I am still talking about trades which are entered and exited within the same day.
If you have already made an enormous gain on your account then it doesn't hurt to try a weekly and see if you can't land a 30, 40, 50% additional return.