Is it Worth It!!! | Traders Hideout


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Is it Worth It!!!

  #101 (permalink)

the congo
 
Trading Experience: Advanced
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Grantx View Post
Interesting. If I might add that uncertainty and an over cautious approach is also a crippling malaise. Majority of movement is random and you have an edge if you can find sequences that are less than random. I see some great trade ideas in the various threads here but a lot of the time people just not giving their trades a chance to develop.
So for instance if you are watching bullish price action and you get a progression of strong buying candles you have to ask yourself what the odds are of continuation before the inevitable pullback? Adam Grimes has this binomial tree image that I always think of:
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In this example and watching “bullish” candles you have to ask is it initiative buying or lack of selling

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