josi wrote: Wed Apr 08, 2020 5:34 pm
Sorry to interfere once again - I apologize right from the start:
I should have kept my mouth shut - but these are pure claims - no real reasons given. Strange for a self-proclaimed logical-scientific person.
People - I mean, really, really lots of them - trade for example EURUSD because it has minimal spread - they tend to counteract less volatility with an increase in Lot-size.
Al Brooks has written three books on trading:
a) Trading Reversals
b) Trend Trading
c) Trading Ranges
I wonder why that is.
If someone repeatedly tries to trade an obvious RANGE using a trend trading method/system one does start to wonder how scientifically logical that can be (it's a bit like playing tennis with a golf club) and if he ever took the time to differentiate clearly between the three.
The market does not care about your system - it just does whatever it does. The market does not care whether you like your system and believe it to be logical (it may or may not be so). The market does not behave in a logical fashion - it just does what it does.
If you want to succeed you have to adapt your system(s) to the market.
I hope this is my last contribution!
Well, firstly, you should not keep your mouth shut. Everyone has the right to express their views.
Secondly, regarding the trading of instruments with great volatility, these are not my conclusions, but rather Xard's. Although I agree with your argument that the lack of volatility can be compensated for by the size of the lot.
Thirdly, when the position is just opening, how you can imagine in advance, will the price remain in the range or start moving immediately? All that I see at the time of opening is the first zigzag. And here are two opposite situations after the first zigzag ...
1- Range
2 - Movement
If you know a way how you can predict further price behavior, I would really appreciate it if you shared it. But I think that such a method does not exist unfortunately ...
And I don't limit anyone to participate, especially when it is expressed by something specific, and not just a text about trading...
