success as a trader

[neil]

Ahhhhhhhhhhrrrhhhh

eh??

I'm not doing the mod's homework...

Peter

yeah - I know. I hoped to have an intelligent discussion on trading approaches but the dull and half witted put in an appearence and insist on muddying the waters with their derisory attempts at trading wisdom so much so, that, frankly, one despairs.
But who would be a Mod eh

 

[neil]

Bad odds - price action

Ghous shows one reason for not buying at a high.
Could save some of you newer guys some heart ache

Post 128273

Hey Jibson,

We actually did end up with a fake out. Just looked so much on the cards seeing how price suddenly accelerated into that major former swing high so late in the day.

http://www.forexfactory.com/showthread.php?t=2331&page=6414

Enjoy

 

[I'vereadthemall]

I am new here but I am curious to read so many people who refer to price action as the 'light'. Where's the statistics to back it up? If you could point me in right direction I'd appreciate it. Cheers.

 

[Giovan]

I am new here but I am curious to read so many people who refer to price action as the 'light'. Where's the statistics to back it up? If you could point me in right direction I'd appreciate it. Cheers.

Ask the guys who teach PA and they will surely have statistical data to back the various PA patterns,

 

[darktone]

What is a "good" win compared to a "bad" win - read on dear reader:

Very nice post. I esp like the 'quest to "eliminate" all losing trades' bit!
I think giving attention as to how you take a loss is probably the most important part of the game. What you dont lose is as or more important than what you win!
Ive learned to embrace em! Each one takes me one trade closer to payday!

 

[neil]

I am new here but I am curious to read so many people who refer to price action as the 'light'. Where's the statistics to back it up? If you could point me in right direction I'd appreciate it. Cheers.

What would you do with the statistics ?
You still have to get off your butt and work at trading -like these guys:

http://www.forexfactory.com/showthread.php?t=2331&page=6414

And read Timsk:

http://www.trade2win.com/boards/first-steps/80692-best-threads-first-steps-forum.html

And remember: price action is just one of many approaches - you find your niche after trying several approaches. There is no "LIGHT" nor "HOLY GRAIL"

 

[I'vereadthemall]

Is that a no to being able to point me in the direction of some statistical evidence that shows PA trading has long term positive expectancy?