I tried trading this years ago. Hate to think about the $ lost.
This theory is all about predicting tops and bottoms. Like most any indicator.....it looks great in hindsight as you can apply each turning point to the nearest high/low. Problem is, of course, you never know this in real time....only after the fact.
Even further making this worthless is the fact that Wilder also allows for "inversions" at the beginning of each new sequence....thus allowing for the reverse of each series of high/low points!!
Like I said.....you can rationalize this all nicely after the fact....but that doesn't help you in real time.
All you said is correct,
Can you share your reason to stay in Forex ?
Or you advise to Leave forex and look for something else
Or do you have any good stratergy to trade forex, due to which you are in Forex and in Forums
wave59 charting have zodiac indicators,so you can try to trade on this predicting stocks futures with the horoscope.
How ever they do not recommend it to use it with forex as forex does not have exact day of birth,location...like companies does.
I am not surprised what traders can think to use,i caught myself many times thinking that i have to go to the church and pray because of bad trading....
Do I plan on leaving Forex?.....NO.
Can I advise it for anyone else?....That would be presumptive on my part. Each individual needs to decide that on their own.
Why it works for me?......I view it as the perfect business opportunity for ME. NO employees, customers, overhead, advertising, etc... With the requisite amount of time spent learning this business......I can be as successful at this as any other occupation.
My strategy?......In development.....almost there.
My advice?........There seems to be no holy-grail. Find a system that works for your personalty and with consistency. Stick to the rules once codified (seems axiomatic with something that shows to make profits consistently). Focus on psychology and money-management. Persevere.
Am I there yet......No.....but well on my way due to hundreds of hours watching charts and hundreds of hours learning.
All this IMHO, of course!
You got it Right,
Best wishes to you
The power of magnet
Some one tell me something about a simple setup like this one
It was about of a magnetic attraction The flow meter. Two permanent magnets generating a field across the market(from left to right). The flow generates a voltage (from top to bottom) in the platform which can be calibrated and used as a flow measurement.if you want to sell put tha magnet in the battom of the monitor on any pair if you want to buy put the magnet in the top of the monitor in any pair and haleluya! Note the most biger the magnet the most biger the wining trade.
regards & don't forget to smile.
Flipping a coin works too, and is less complicate
sure with good MM and strategy to get out of the position . should work as well.
A coin flip with a reasonable betting progression might work.
I came up with a modified D'Alembert that will profit from a 40% system,
see this link: https://www.mql5.com/en/forum/trading_systems
i managed to get it done
You'll probably loose money on it. I had the book and a friend had the software about 10 years ago. We both lost money on it.