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Which indicator is the best to measure breakout ?

speki
Jun 10 2011 at 15:21
735 posts
Depends on how you look at it, Elks. You would have found another challenge or pastime or occupation for yourself. Another hard nut to crack. People tend to attract the same kinds of challenges to their lives, but you never know in advance, in what form will they appear.

Sounds like forex has taken a lot out of ya ...

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Forex Anadova
Forexanadova
Jun 10 2011 at 15:26
186 posts
PipGnostic
TheCyclist
Jun 10 2011 at 15:32
724 posts
No mate,

Fx is not a problem. Was it worth it.... ? That is the problem...

Forex Anadova
Forexanadova
Jun 10 2011 at 15:44
186 posts
I think that whatever I do that teaches me something, it was worth, even if it was bad and sucked ( like going to school, I hated it but, I learned some good stuff)
 

PipGnostic
TheCyclist
Jun 10 2011 at 16:15
724 posts
The way I see it, until about say 100 years ago we were to busy running away from lions and bears to even ask this question.

I'm saying is the effort of learning the craft worth the craft ?

I can learn a shit load running away from a lion, for example, I don't have to run faster than the lion, just faster than the guy behind me.

The stats are abysmal. Almost no one makes it in fx. It's a bell curve. Less than 10% of people who try this makes it and of those less than 1% gets rich. That's 1% of the 10%.

Only the guys that put in the decades end up getting it. Why not go to the beach or make porn? Both are more profitable.

Chikot
Jun 10 2011 at 16:18
2299 posts
I agree about that. What fun?
I had no gray hair just 2 years ago. Now, daily gets up at London open took it's toll.
It's good I am not getting up at 2:30 a.m. as I have been doing for almost 2 years every day.


TheCyclist posted:
    Fun ?!

I've called forex many things, but fun is not one of them. More like a decade of pain and suffering.

speki
Jun 10 2011 at 16:21
735 posts
Alright chaps, everyone has a cross to bear ... and other person's crosses always seem smaller and lighter .... we can't always make it easier but at least we can try and make it bearable. Keep those heads high, keep those upper lips stiff, and have a nice weekend. 😉

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Forex Anadova
Forexanadova
Jun 10 2011 at 16:38
186 posts
You too my friend.

Chikot
Jun 10 2011 at 21:36
2299 posts
I personally trade everything including break outs. The key is to know that break out have less probability than fading break out and profit must be taken quickly with stop moved quickly too for the rest of position.
I would say that Forex and oil differes in this regard. Forex in imho, is artificial constract and not a real thing. It is not even a shadow of real thing. Oil on the other hand is the very real thing and the foundation of everything. It tends to move much stronger and I would not do what i used to do with currencies on oil.


Forexanadova posted:
    Keltner works, yes, but win % is 65%. MM is the key.
I would stay away from breakout, but that is just lil old me .


phoneix888
Jun 11 2011 at 02:03
6 posts
PipGnostic,

Yes, I agree and know time is precious. So I made up my mind that I used to employ traders for manual trading in the past. It is costly but worth to save my time.

Right now, I fired all traders and use EA. Employed FRM to control risk and MM. Still costly but I can spend time on research, reading, outdoor activities, seminar, video game, travelling overseas and looking for new retail business .

So don't be an old style and traditional trader now !!

Good luck






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