TheRumpledOne

USDCHF closing in on the YTD open...

May want to consider the AUD pairs considering they have moved almost twice their ADR...

Wicks 50 pips or larger are rare and mark significant reversal areas...

Range dashboard showing the frequency distribution of the range for this year. As you can see, it takes a while to make 10 pips.

You would have to watch 48 charts or more to SEE these values on your charts.

I am paraphrasing an email I received today: Thus, if you over think or over analyze your trade, try to force it, or try to be too perfect with your performance, you are guilty of getting in your own way. Most of the time, traders get in their own way because of fear of failure or perfectionism. When you get out of your own way, you allow yourself to trade freely without expectations or pressure. You allow yourself to just do it and trust in your skills. Two mental keys can help you get out of your own way: (1) Understand the core issue that blocks your performance and cope better with this, such as fear of failure, fear of embarrassment, or perfectionism. (2) Learn how to let go and trust what you have trained yourself to do in practice. We call this the performance mindset.

MT4 VERSION

WAITING..... :sleep:

HISTOGRAM shows how profitable taking this trade can be.... Green bars are HIGH minus WEEKLY OPEN. Red bar are WEEKLY OPEN - LOW. The bars represent potential profit opportunities.

GET READY FOR THE YEARLY OPEN CROSS....

WEEKLY OPEN CROSS ALL YOU NEED TO TRADE IS A HORIZONTAL LINE!

ALL YOU NEED TO KNOW ABOUT TRADING * Price either goes up or down. * No one knows what will happen next. * Keep losses small and let winners run. * POSITION SIZE = RISK / STOP LOSS. * The reason you entered has no bearing on the outcome of your trade. * You can control the size of your loss (skill) but you can't control the size of your win (luck). * You need to know when to pick up your chips and cash them in. Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss) You cannot control the probabilities of wining or losing. You cannot control your average win size. The only part of the equation that you can control is your average loss size. PRICE ACTION “Now, 2 patterns of market behavior happen on a regular basis: 1) the price breaks to new high's (or low's) 2) the price reverses from new high's (or low's) They happen regardless of time frame . They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden 1) Price will either breakout of the high, low or both of the previous bar 2) Price will not breakout of the previous bar. You cannot reduce it any further. Anything else complicates the issue. ENTERING A TRADE You either decide to: 1) Wait and do not enter a trade 2) Trade a breakout 3) Trade a reversal. Those are your ONLY 3 options. That is all you need to know about trading.

Years later, still working. GOT CHEESE?

Monthly Open Crossover Trade works same as Weekly Open Crossover trade.

Yes, net profit/loss... you don't have to lose. No, I am not claiming that you will never have a losing trade. Losing is part of the game. No irony implied or intended.

Take the trade in the direction price leaving the daily wick zones. Of course, trade with the H1 and D1 candle colors.

If you have read this thread, you know HORIZONTAL LINES are all you need to trade. When price crosses a line that IS the direction price is moving. Some traders talk about trend but trend exists only in the mind of the trader. Other traders talk about one time frame being superior to others... time frames are all data compression. No irony.

NO.. no irony. If traders learn what is true from what is bogus, then traders do not have to lose. Believing in trading myths is the road to ruin. That is why I expose the myths and show traders what is real.

That would be single loss. The idea is not that you will never incur a losing trade. The idea is that you don't have to wind up losing overall.

You guys are in the wrong thread for that...

Take the trade in the direction price leaving the daily wick zones. Of course, trade with the H1 and D1 candle colors.