Tuesday, 30 July 2024

Waiting for the short to set up

 I just love those Dire Straights! and the technology that really makes us electronic locals.

Whether you trade daytime or nighttime, RTH or ETH, there are great trades out there. Its a matter of choosing a bar type and periodicity that shows the action you want to see and allows for the stops to be the size you want.

Remember, we are trading probabilities. If your back testing shows that your setup is 63% profitable you still do not know when those 37 losing trades out of 100 will occur. The only things you can control is your entries and exits and the amount of RISK you take on each trade. If the math works then you can get to CP,



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