I THINK THIS CAN HELP SOMEONE..


Lessons from the Las Vegas Strip


There are many different approaches to trading … perhaps you spend a lot of time checkingup on the fundamentals, reading the financial press and company reports … perhaps you study technical analysis late into the night …

The cleverer we get with our trading, the more likely we are to forget one key fact – successful trading is about playing the probabilities.

The concept of playing the probabilities, or the odds, is one that sits uncomfortably with some traders – they feel that it makes them sound like gamblers.

In fact, it couldn’t be further from the truth.

If you have a firm grasp on the odds, you’re not the gambler – you’re the casino.

Las Vegas casinos make their money by maintaining an edge of around 4.5%. That means that out of every dollar that is brought into the casino, 4.5 cents stay there. Some people win big, some people lose their shirts, but on average, the casino makes 4.5%.

The casinos aren’t gambling – they are playing the odds.

They don’t care if someone hits the jackpot on a slot-machine. As long as people are coming in through the door – they’ll keep taking their 4.5%.
So, how do you apply this to your own trading?

(A) You can’t read the future.

However good your fundamental knowledge is, or how much you’ve studied your charts – you cannot know what the market is going to do next.
What you can do, however, is judge the likelihood of what the market will do next, and position your trades accordingly.

The market doesn’t care what you “think” – it’ll go ahead and do what it likes.

But if you’ve played your probabilities correctly – the outcome should be in your favour over the long-term.

Successful traders know how to exploit the probabilities of the markets, with the knowledge that in the long-term, they’ll come out on top.

Unsuccessful traders want to “win” every trade, and as a consequence end up chasing their tails.


(B) Stabbing in the dark

The great thing about trading is that we’re not expected to get it right every time.

If we had to put all our money on predicting the outcome of one trade – we’d be screwed.
Instead, we don’t have to make predictions. It doesn’t matter what the outcome of the next trade is … nor the one after that.

Provided we’ve got our probabilities right.

Playing the probabilities will ensure you get it right more often that trying to predict the outcome of individual events.

Stop trying to get it right

Trading requires exactly the same approach.

We need to find the way that will tip the odds in our favour. They don’t have to be far in our favour – just enough to give us that edge that will bring in a profit.

Once we know that the probabilities are on our side, all that remains is to repeat … repeat … repeat …

We need to stop worrying about what will happen “this time”. If you’ve found your edge – it really doesn’t matter if you win or lose “this” trade or “that” trade.

As traders, most of us strive to learn as much about the process as we can. But the more we delve into the process of finding successful trading signals, the easier it is to lose track of long-term probabilities.

Long-term probabilities are all that matter in your trading. Provided they are in your favour – you’ll always be ahead of the game.
Much of my trading life, I’ve endeavoured to find technical signals that will give me a more significant edge, and bigger profits, but the best edge isn’t huge – it’s consistent.

That’s how casinos know they’ll have a steady income to pay the wages – and why they hate anything that could make a dent in that edge.

For traders, it means that we need to stop making predictions, but start playing the odds – be the casino, not the gambler.

TILL NEXT WEEK.
COMPLIMENTS.

Good Morning Bro, Pls can I have your whatsapp group number?

iheanyiebeneze:
20pips turns to 40pips, GOD is good.

iheanyiebeneze:

I THINK THIS CAN HELP SOMEONE..


Lessons from the Las Vegas Strip


There are many different approaches to trading … perhaps you spend a lot of time checkingup on the fundamentals, reading the financial press and company reports … perhaps you study technical analysis late into the night …

The cleverer we get with our trading, the more likely we are to forget one key fact – successful trading is about playing the probabilities.

The concept of playing the probabilities, or the odds, is one that sits uncomfortably with some traders – they feel that it makes them sound like gamblers.

In fact, it couldn’t be further from the truth.

If you have a firm grasp on the odds, you’re not the gambler – you’re the casino.

Las Vegas casinos make their money by maintaining an edge of around 4.5%. That means that out of every dollar that is brought into the casino, 4.5 cents stay there. Some people win big, some people lose their shirts, but on average, the casino makes 4.5%.

The casinos aren’t gambling – they are playing the odds.

They don’t care if someone hits the jackpot on a slot-machine. As long as people are coming in through the door – they’ll keep taking their 4.5%.
So, how do you apply this to your own trading?

(A) You can’t read the future.

However good your fundamental knowledge is, or how much you’ve studied your charts – you cannot know what the market is going to do next.
What you can do, however, is judge the likelihood of what the market will do next, and position your trades accordingly.

The market doesn’t care what you “think” – it’ll go ahead and do what it likes.

But if you’ve played your probabilities correctly – the outcome should be in your favour over the long-term.

Successful traders know how to exploit the probabilities of the markets, with the knowledge that in the long-term, they’ll come out on top.

Unsuccessful traders want to “win” every trade, and as a consequence end up chasing their tails.


(B) Stabbing in the dark

The great thing about trading is that we’re not expected to get it right every time.

If we had to put all our money on predicting the outcome of one trade – we’d be screwed.
Instead, we don’t have to make predictions. It doesn’t matter what the outcome of the next trade is … nor the one after that.

Provided we’ve got our probabilities right.

Playing the probabilities will ensure you get it right more often that trying to predict the outcome of individual events.

Stop trying to get it right

Trading requires exactly the same approach.

We need to find the way that will tip the odds in our favour. They don’t have to be far in our favour – just enough to give us that edge that will bring in a profit.

Once we know that the probabilities are on our side, all that remains is to repeat … repeat … repeat …

We need to stop worrying about what will happen “this time”. If you’ve found your edge – it really doesn’t matter if you win or lose “this” trade or “that” trade.

As traders, most of us strive to learn as much about the process as we can. But the more we delve into the process of finding successful trading signals, the easier it is to lose track of long-term probabilities.

Long-term probabilities are all that matter in your trading. Provided they are in your favour – you’ll always be ahead of the game.
Much of my trading life, I’ve endeavoured to find technical signals that will give me a more significant edge, and bigger profits, but the best edge isn’t huge – it’s consistent.

That’s how casinos know they’ll have a steady income to pay the wages – and why they hate anything that could make a dent in that edge.

For traders, it means that we need to stop making predictions, but start playing the odds – be the casino, not the gambler.

TILL NEXT WEEK.
COMPLIMENTS.

good points.no one can predict the market unless you want to get burnt.you only do your analysis properly and leave the rest to the market.even the professional treaders do lose some trades but the ability to make profit at the end of the day, makes you stand out

You can call me on 08039469395

toppy1234:
Good Morning Bro, Pls can I have your whatsapp group number?

I have been working and doing research on placing trade once a day using the daily candle for pple that have full time work or are unable to follow the market all day. It makes use of daily tf. Please check my signature on womas and download pdf from fx section, its a rough work but I hope its insightful enough. I'm open to comnents or criticism

Dear Boss,
Yes u r very on point.
Ur submissn reminded me of my struggle during my second burnt account. I was waitg for d best yrade opportunity which.in acyial sense no i.dicator would give u. I kepy waitg until oversold or overbought when i placed a positn, d market beindependent would just reverse and next i started sweatg cos of negative profit.

Until i read from Henry Liu d chinese guy which actually.shaped my mentality on chart visualizatn and Price Action. Helpful today.

I am of d opinion.that most newbees in d house should learn Prive Action rather than clumsy chart setups and robitic interventn....

Thanks.for.sharg d Las Veg trip idea. Very insightful

Samuel
CEO (C&F INFOTECH)
dnysamuel@yahoo.com

iheanyiebeneze:

I THINK THIS CAN HELP SOMEONE..


Lessons from the Las Vegas Strip


There are many different approaches to trading … perhaps you spend a lot of time checkingup on the fundamentals, reading the financial press and company reports … perhaps you study technical analysis late into the night …

The cleverer we get with our trading, the more likely we are to forget one key fact – successful trading is about playing the probabilities.

The concept of playing the probabilities, or the odds, is one that sits uncomfortably with some traders – they feel that it makes them sound like gamblers.

In fact, it couldn’t be further from the truth.

If you have a firm grasp on the odds, you’re not the gambler – you’re the casino.

Las Vegas casinos make their money by maintaining an edge of around 4.5%. That means that out of every dollar that is brought into the casino, 4.5 cents stay there. Some people win big, some people lose their shirts, but on average, the casino makes 4.5%.

The casinos aren’t gambling – they are playing the odds.

They don’t care if someone hits the jackpot on a slot-machine. As long as people are coming in through the door – they’ll keep taking their 4.5%.
So, how do you apply this to your own trading?

(A) You can’t read the future.

However good your fundamental knowledge is, or how much you’ve studied your charts – you cannot know what the market is going to do next.
What you can do, however, is judge the likelihood of what the market will do next, and position your trades accordingly.

The market doesn’t care what you “think” – it’ll go ahead and do what it likes.

But if you’ve played your probabilities correctly – the outcome should be in your favour over the long-term.

Successful traders know how to exploit the probabilities of the markets, with the knowledge that in the long-term, they’ll come out on top.

Unsuccessful traders want to “win” every trade, and as a consequence end up chasing their tails.


(B) Stabbing in the dark

The great thing about trading is that we’re not expected to get it right every time.

If we had to put all our money on predicting the outcome of one trade – we’d be screwed.
Instead, we don’t have to make predictions. It doesn’t matter what the outcome of the next trade is … nor the one after that.

Provided we’ve got our probabilities right.

Playing the probabilities will ensure you get it right more often that trying to predict the outcome of individual events.

Stop trying to get it right

Trading requires exactly the same approach.

We need to find the way that will tip the odds in our favour. They don’t have to be far in our favour – just enough to give us that edge that will bring in a profit.

Once we know that the probabilities are on our side, all that remains is to repeat … repeat … repeat …

We need to stop worrying about what will happen “this time”. If you’ve found your edge – it really doesn’t matter if you win or lose “this” trade or “that” trade.

As traders, most of us strive to learn as much about the process as we can. But the more we delve into the process of finding successful trading signals, the easier it is to lose track of long-term probabilities.

Long-term probabilities are all that matter in your trading. Provided they are in your favour – you’ll always be ahead of the game.
Much of my trading life, I’ve endeavoured to find technical signals that will give me a more significant edge, and bigger profits, but the best edge isn’t huge – it’s consistent.

That’s how casinos know they’ll have a steady income to pay the wages – and why they hate anything that could make a dent in that edge.

For traders, it means that we need to stop making predictions, but start playing the odds – be the casino, not the gambler.

TILL NEXT WEEK.
COMPLIMENTS.

Dear Boss,
Yes u r very on point.
Ur submissn reminded me of my struggle during my second burnt account. I was waitg for d best trade opportunity which.in acyial sense no iñdicator would give u. I kept waitg until oversold or overbought when i placed a positn, d market being independent would just reverse and next i started sweatg cos of negative profit.

Until i read from Henry Liu d chinese guy which actually.shaped my mentality on chart visualizatn and Price Action. Helpful today.

I am of d opinion.that most newbees in d house should learn Prive Action rather than clumsy chart setups and robitic interventn....

Thanks.for.sharg d Las Veg trip idea. Very insightful

Samuel
CEO (C&F INFOTECH)
dnysamuel@yahoo.com

iheanyiebeneze:

I THINK THIS CAN HELP SOMEONE..


Lessons from the Las Vegas Strip


There are many different approaches to trading … perhaps you spend a lot of time checkingup on the fundamentals, reading the financial press and company reports … perhaps you study technical analysis late into the night …

The cleverer we get with our trading, the more likely we are to forget one key fact – successful trading is about playing the probabilities.

The concept of playing the probabilities, or the odds, is one that sits uncomfortably with some traders – they feel that it makes them sound like gamblers.

In fact, it couldn’t be further from the truth.

If you have a firm grasp on the odds, you’re not the gambler – you’re the casino.

Las Vegas casinos make their money by maintaining an edge of around 4.5%. That means that out of every dollar that is brought into the casino, 4.5 cents stay there. Some people win big, some people lose their shirts, but on average, the casino makes 4.5%.

The casinos aren’t gambling – they are playing the odds.

They don’t care if someone hits the jackpot on a slot-machine. As long as people are coming in through the door – they’ll keep taking their 4.5%.
So, how do you apply this to your own trading?

(A) You can’t read the future.

However good your fundamental knowledge is, or how much you’ve studied your charts – you cannot know what the market is going to do next.
What you can do, however, is judge the likelihood of what the market will do next, and position your trades accordingly.

The market doesn’t care what you “think” – it’ll go ahead and do what it likes.

But if you’ve played your probabilities correctly – the outcome should be in your favour over the long-term.

Successful traders know how to exploit the probabilities of the markets, with the knowledge that in the long-term, they’ll come out on top.

Unsuccessful traders want to “win” every trade, and as a consequence end up chasing their tails.


(B) Stabbing in the dark

The great thing about trading is that we’re not expected to get it right every time.

If we had to put all our money on predicting the outcome of one trade – we’d be screwed.
Instead, we don’t have to make predictions. It doesn’t matter what the outcome of the next trade is … nor the one after that.

Provided we’ve got our probabilities right.

Playing the probabilities will ensure you get it right more often that trying to predict the outcome of individual events.

Stop trying to get it right

Trading requires exactly the same approach.

We need to find the way that will tip the odds in our favour. They don’t have to be far in our favour – just enough to give us that edge that will bring in a profit.

Once we know that the probabilities are on our side, all that remains is to repeat … repeat … repeat …

We need to stop worrying about what will happen “this time”. If you’ve found your edge – it really doesn’t matter if you win or lose “this” trade or “that” trade.

As traders, most of us strive to learn as much about the process as we can. But the more we delve into the process of finding successful trading signals, the easier it is to lose track of long-term probabilities.

Long-term probabilities are all that matter in your trading. Provided they are in your favour – you’ll always be ahead of the game.
Much of my trading life, I’ve endeavoured to find technical signals that will give me a more significant edge, and bigger profits, but the best edge isn’t huge – it’s consistent.

That’s how casinos know they’ll have a steady income to pay the wages – and why they hate anything that could make a dent in that edge.

For traders, it means that we need to stop making predictions, but start playing the odds – be the casino, not the gambler.

TILL NEXT WEEK.
COMPLIMENTS.

EZEIGBO1OFIMO:

isnt 0.01 lot=$1,000 Units.... correct me if i'm wrong

You are right my boss.

Hello friends,

For those who have been following the simple intraday swing strategy you will agree that it has been very profitable,

I still want to give many people the opportunity to test the strategy real-time by allowing you access to the trade activity real time.

The strategy is very simple and its based on bounce off support and res points with maximum of two entry points a day.

The rules are simple:

For forex traders using manual trading option.

1.Wait for position to open and open same pair in the same direction.

2.Do not touch the stop loss but go for any tp you desire but not less than 20pips or more than 40pips for better outcome using not more than 2% risk exposure.

3.Anytime you see a pending order just place same with same parameter but with tp at 24pips and of-course with higher lot size.


For forex traders who wants 100% Auto trading option.

1.Host your account on VPS.

2.I will attach the auto system using your preferred risk limit.

3.Just monitor the progress with your investor password.


For Binary option traders.

1.Just wait for a position to come up and bet in that direction using the touch or no touch option and selecting the 24hours duration.

2.If the first position loses out and the pending comes in you can place a new bet in that direction.Simple and straight forward.


If you want to have free access to the trading activities real time for this month you can send an email to forexrefuge@yahoo.com with subject title:Want access to your trading system.

Here is a sneak pick of the trading activities so far.
https://www.myfxbook.com/portfolio/100-auto-trade-27pips-lock/1091176

I know that most of you have your personal trading style but trust me, this business is not about ego,nobody knows it all so why not use this system as a comparison to your trading decision.

iheanyiebeneze:

I THINK THIS CAN HELP SOMEONE..


Lessons from the Las Vegas Strip


There are many different approaches to trading … perhaps you spend a lot of time checkingup on the fundamentals, reading the financial press and company reports … perhaps you study technical analysis late into the night …

The cleverer we get with our trading, the more likely we are to forget one key fact – successful trading is about playing the probabilities.

The concept of playing the probabilities, or the odds, is one that sits uncomfortably with some traders – they feel that it makes them sound like gamblers.

In fact, it couldn’t be further from the truth.

If you have a firm grasp on the odds, you’re not the gambler – you’re the casino.

Las Vegas casinos make their money by maintaining an edge of around 4.5%. That means that out of every dollar that is brought into the casino, 4.5 cents stay there. Some people win big, some people lose their shirts, but on average, the casino makes 4.5%.

The casinos aren’t gambling – they are playing the odds.

They don’t care if someone hits the jackpot on a slot-machine. As long as people are coming in through the door – they’ll keep taking their 4.5%.
So, how do you apply this to your own trading?

(A) You can’t read the future.

However good your fundamental knowledge is, or how much you’ve studied your charts – you cannot know what the market is going to do next.
What you can do, however, is judge the likelihood of what the market will do next, and position your trades accordingly.

The market doesn’t care what you “think” – it’ll go ahead and do what it likes.

But if you’ve played your probabilities correctly – the outcome should be in your favour over the long-term.

Successful traders know how to exploit the probabilities of the markets, with the knowledge that in the long-term, they’ll come out on top.

Unsuccessful traders want to “win” every trade, and as a consequence end up chasing their tails.


(B) Stabbing in the dark

The great thing about trading is that we’re not expected to get it right every time.

If we had to put all our money on predicting the outcome of one trade – we’d be screwed.
Instead, we don’t have to make predictions. It doesn’t matter what the outcome of the next trade is … nor the one after that.

Provided we’ve got our probabilities right.

Playing the probabilities will ensure you get it right more often that trying to predict the outcome of individual events.

Stop trying to get it right

Trading requires exactly the same approach.

We need to find the way that will tip the odds in our favour. They don’t have to be far in our favour – just enough to give us that edge that will bring in a profit.

Once we know that the probabilities are on our side, all that remains is to repeat … repeat … repeat …

We need to stop worrying about what will happen “this time”. If you’ve found your edge – it really doesn’t matter if you win or lose “this” trade or “that” trade.

As traders, most of us strive to learn as much about the process as we can. But the more we delve into the process of finding successful trading signals, the easier it is to lose track of long-term probabilities.

Long-term probabilities are all that matter in your trading. Provided they are in your favour – you’ll always be ahead of the game.
Much of my trading life, I’ve endeavoured to find technical signals that will give me a more significant edge, and bigger profits, but the best edge isn’t huge – it’s consistent.

That’s how casinos know they’ll have a steady income to pay the wages – and why they hate anything that could make a dent in that edge.

For traders, it means that we need to stop making predictions, but start playing the odds – be the casino, not the gambler.

TILL NEXT WEEK.
COMPLIMENTS.

Pls add me to your whatsapp group on forex or stock market 08036870729

adeniyia33:

Dear Boss,
Yes u r very on point.
Ur submissn reminded me of my struggle during my second burnt account. I was waitg for d best trade opportunity which.in acyial sense no iñdicator would give u. I kept waitg until oversold or overbought when i placed a positn, d market being independent would just reverse and next i started sweatg cos of negative profit.

Until i read from Henry Liu d chinese guy which actually.shaped my mentality on chart visualizatn and Price Action. Helpful today.

I am of d opinion.that most newbees in d house should learn Prive Action rather than clumsy chart setups and robitic interventn....

Thanks.for.sharg d Las Veg trip idea. Very insightful

Samuel
CEO (C&F INFOTECH)
dnysamuel@yahoo.com

Hello, I am a newbie pls add me on whats app 08036870729

Ok, will.add .my group

yagachi:


Hello, I am a newbie pls add me on whats app 08036870729

almost a 100 pip gap in favor of the usd and yen could close b4 the strt of the trading day tho.

you can call me on 08039469395

yagachi:


Pls add me to your whatsapp group on forex or stock market 08036870729

Forextime is currently running a DEMO contest, it will end on Friday this week, You can join and compete with others and stand the chance of winning $3000, Another advantage is to text your TRADING STRATEGY, Also you can be called upon to be among the fund managers with Forextime if your strategy is sound as mine.
Hit this link http://www.forextime.com/?partner_id=4900129 and register.
Happy EASTER to our CHRISTIAN friends and penpals.

infofirst:
Boss endfx...What's your view about trading with robot?

Trading with robot erase the issue of emotion, saves the precious time used in analysing the market by technical or fundamental. It also saves you of PHCN issue, it doesn't waste time in opening order according to alorgrithm programmed into it, it also open position on a precision and accuracy. Many more about robot...check out the last website link on my signature for "245DEA Fx Software" and stop losing your money to the market.

Opengates:


Trading with robot erase the issue of emotion, saves the precious time used in analysing the market by technical or fundamental. It also saves you of PHCN issue, it doesn't waste time in opening order according to alorgrithm programmed into it, it also open position on a precision and accuracy. Many more about robot...check out the last website link on my signature for "245DEA Fx Software" and stop losing your money to the market.

Boss, how can someone go about this?

Opengates:


Trading with robot erase the issue of emotion, saves the precious time used in analysing the market by technical or fundamental. It also saves you of PHCN issue, it doesn't waste time in opening order according to alorgrithm programmed into it, it also open position on a precision and accuracy. Many more about robot...check out the last website link on my signature for "245DEA Fx Software" and stop losing your money to the market.

Abeg bros no vex,but make u still dey talk the cons nd nt only d pros.tnks

Opengates:


Trading with robot erase the issue of emotion, saves the precious time used in analysing the market by technical or fundamental. It also saves you of PHCN issue, it doesn't waste time in opening order according to alorgrithm programmed into it, it also open position on a precision and accuracy. Many more about robot...check out the last website link on my signature for "245DEA Fx Software" and stop losing your money to the market.

Thank you

I'm following this eu retracement till 1.0911

eurusd morning movement.

www.forex1960.com

I will heavily sell AUDJPY as soon as it gets to 91.60 within the next 5hours. for a 100pips take profit. Within this level of 91.60, this pair is a sell.
Set trap for the market, do not allow market to set trap for you.

Good morning guys.. wishing every one a pipful week..

Opengates:


Trading with robot erase the issue of emotion, saves the precious time used in analysing the market by technical or fundamental. It also saves you of PHCN issue, it doesn't waste time in opening order according to alorgrithm programmed into it, it also open position on a precision and accuracy. Many more about robot...check out the last website link on my signature for "245DEA Fx Software" and stop losing your money to the market.

Do you have any proof of this your robot. any myfxbook link proof...

Opengates:


Trading with robot erase the issue of emotion, saves the precious time used in analysing the market by technical or fundamental. It also saves you of PHCN issue, it doesn't waste time in opening order according to alorgrithm programmed into it, it also open position on a precision and accuracy. Many more about robot...check out the last website link on my signature for "245DEA Fx Software" and stop losing your money to the market.

Are you adeyemo of Success digest?

Opengates:


Trading with robot erase the issue of emotion, saves the precious time used in analysing the market by technical or fundamental. It also saves you of PHCN issue, it doesn't waste time in opening order according to alorgrithm programmed into it, it also open position on a precision and accuracy. Many more about robot...check out the last website link on my signature for "245DEA Fx Software" and stop losing your money to the market.

i nid a robot dat can enta a buystop/sellstop order accurately in less dan 3seconds jst after a previous order has bin triggered,do u tink dis robot can meet dis demand?

All traders that place take profit and stop loss before entering a trade use robot or auto trading.... Am I right?

infofirst:
All traders that place take profit and stop loss before entering a trade use robot or auto trading.... Am I right?

No

naijababe:


No

Thinking it's a form of auto trading device by our brokers.

infofirst:


Thinking it's a form of auto trading device by our brokers.

Maybe but the big difference is the lack of emotion and adaptability. Two key factors missing in robots

GBP/AUD
SELL @ 1.95750
TP @ 1.9300
SL @ 1. 96750

Note: Trade may take 3 -5 days before hitting TP. So, be patient.

@ Naijababe,
I am of the opinion that ROBOTIC trading in Fx is not advisable since it has a shortcoming of blowing accounts though same with MANUAL trading.
I may be wrong but I am yet to see a trader without manual experience

I think what we need to hammer on this thread is the rudiments of MANUAL trading as this would go a long way to helping the upcoming traders

I am in no way against the system of ROBOTIC trading and I agree with most ogas in the house on its use but lets chalkboard the real rudiments in order to support the so call aspiring investors and traders

My 1 cent

naijababe:


Maybe but the big difference is the lack of emotion and adaptability. Two key factors missing in robots