i stiil short aus since last bat. until it closes i don't sell it with bamm.)
+1 Reply
Is it possible were going first to the support 0.73500 Alexander ?Greetz...(See H4 ,bearish flagpole after flag or pennant )
this time everything is possible. it may go lower first. but in the series of 100 setups 60 times price goes higher first. i don't know if i win this time, but i know that if i repeat this trade 100 times, i'll have about 60 winners. it's a very difficult thing to grasp: this particular trade has purely random outcome, but in a series of 100 and more trades the ountcome is not random. it's the key of thinking in probabilities. 1) knowing that this particular trade outcome is random you don't have expectations. having no expectations means you don't feel like being betrayed by the market when price goes the other way. so you avoid revenge trades, or doubling position size, or moving stops, or hesitating to enter, or taking profits earlier, or any other type of trading error. 2) knowing that in a series of 100 trades your pattern's outcome is not random makes you trust your pattern. trusting your pattern means you obey the rules of your pattern, you identify patterns objectively. these two are key constituents of thinking in probabilities.
only one thing separates you from being consistently profitable. it's thinking in probabilties.
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