rijay wrote: Wed Jul 11, 2018 2:26 pm
i think if someone is putting in efforts to post something positively, it is imperative that rather then to put criticism straight away, it is better to understand what his strategy is.
if you feel you have more grey hairs of experience on your head then him, then you can add something good to his strategy , that will help everyone here on this forum and that is most important thing.
there is no bulletproof strategy in trading,
and those people who trade against the trend are the real traders that provides fuel to continuation of ongoing trend by loosing their money, as market keeps them squeezing !!
As I wrote my post there was no strategy, only the first post and you, ok... everyone else than you would agree with me that trading is much more than trend-entry-exit. Anyway, this is a forum where you can discuss things out and this is what I do here. I'm here to help people, the truth is hard and the cake is a lie. Nowhere more than here at trading markets. Constructive Criticism helps, at least I hope. Your beginner advices helps noone.
When I was at Zulutrade my first half year of trading (I tried also myself but was to bad, of course) there were two traders, a Chinese and a South-African guy who had a hitrate of 90% and above with 20-60 pips each trade in 1-3 hours. The other traders I followed were around 60% but lost more than they earned at the end. Guess which style the two run and which the others. I also read a sentence these days: Beginners Buy on a bullish candle or move, Pros Buy on a bearish candle or move. I don't know whether it was on Babypips (sorry, so much to do and places to be these days :cray: ), when I looked for your Y1-down-to-M1-scalping-advice. BTW, have you done it and can you show me the text at Babypips?
When you have an approach and know why the market behaves like it does and you choose your tools for that you get to know market and tools better and better and one day you may have a bulletproof strategy. And you better have, since the others have tools you don't have, but I'm tired to tell you the same over and over again. You just don't listen.
NTL, even when the strategy here presented looks a bit arbitrarily to me and has issues, it's a start of building a strategy. It has good points. I doubt that someone as an Enlightenment when seeing this strategy but hey... I didn't criticized the strategy but the 3 points. And why is it called Discipline?