ImpLaNT wrote: Mon Sep 11, 2023 3:57 pm
I absolutely agree with the Professor of chaos. Any forecast is always a thankless task, and in the case of trading, it becomes a multiple. There is no need to predict or assume anything. Thus, you become a hostage of your vision. And if everything went as you assumed, it’s just a lucky coincidence, but not a pattern. Next time everything will go wrong. Therefore, if there are any rules that allow you not to make a mistake, it is always better to strictly follow them, even if this slightly reduces the profit margin. Lost profit is always better than take a loss.
But what rules are we talking about? They are the crazy simple rules you know and must use to trade by Orbit and they are all visual so that anyone can use his eyes and head to take very calculated risk in market space that are consistently profitable when the rules are followed:
a) We trade from stops or pivots or Semaphores in H4 or its match in lower time frames (any time frame lower than H4 has a direct match of the pivots seen on that time frame).
b) Before we enter trades on sighting such pivots we determine direction by the equality TT = Cy = Trend (a level 1 CMD with 2 parts trend and pullback).
c) Given a pivot high or low and the diagonal we wait for a level 2 command = Spot Arrow + Range Arrow in direction of our intended trade.
That is all there is to trading Orbit Point to Point. This is so simple it is baffling anyone will get their underpants in a twist trying to follow it. I do not see how that affects profit margin loss. How? That you win trades consistently reduces profit margin? I do not think so as I trade the same algorithm and have no experience of such. Do you? Since I know you keep to the same rules.
(-_-)