PraiseGod4u:


Then i can boldly say u were not following your plan.
Or your strategy has a low winrate

Maybe I was, maybe I wasn't. The point remains that if you take every trade you come across, your win rate would ultimately reduce when compared to trading only high probability setups.

I don't even think this has anything to do with discipline. Let me use football; If you take 10 penalties with your weak foot, the outcome will be different from that of your preferred foot. The question now is; Why not just use your preferred foot in the first place?

Instead of trading every single signal your strategy gives you, why not trade the best setups you can get? This reason, is why traders are encouraged to learn patience.

I assume you have a lot of patience, discipline and confidence from your trades and the way you trade that is why you can say what you do. And its working for you so all is well. If it works for you, then it's fine because who knows, you might be an exception to the rule.

It didn't work for me, it didn't work for others before me, it didn't work for others after me.

charly20:


I understand his point, though.

He says winrate is dependent on your strategy not on random trades. Therefore, if your strategy boasts of a 20% winrate and you go ahead to take just any trade whether or not it is subject to your strategy, it affects the outcomes significantly either positively or negatively.

And yes, there is a high probability trade.

Thank God someone understands. I already said I couldn't explain it properly.

dottozil:


Woow, just woow, and who says GOD isn't working, when I saw the post from @praisegod something just said I should try and give this a trial, I was never hoping to get nominated not to talk of getting picked when i know for a fact that there are better traders with vast experience than i am. I joined this beautiful family not long and in those periods I have significantly improve and still improving, I am currently up 3% in the TFT competition I was never expecting this coupled with being nominated by @info mehn..., if I can do this you can , yes you can let's just put in the effort, you will be amazed like I m now, and i am not saying I am a professional yet , infact the work has just begun, but you know that feeling when you've put in so much effort but not seeing results and you start to believe you are not gonna make it in the game then suddenly it all changes , I want to thank @info for the trust and courage to even nominate me cos I know alot will be running through his mind when he nominated me, also my thanks to the house I have learned alot from you all, picked or not, one love.

Congrats.
You're not alone.
We're are all trying to be a better trader everyday.

PraiseGod4u:


Thats why i said he's not following his plan nau.


High probability? What criterion makes a high and low probability trade?

Look at my current strategy now, if I get an imbalance or liquidity pool before an orderblock, (with respect to trend of course ) It's a higher probability trade than if I don't get an imbalance or liquidity pool before the orderblock. Both work for me, but one has more confluences than the other one. Both can still lose, but one has more chances of losing than one.

Both are originally the same setup, the same strategy too, but if I focus on one instead of the other, surely I'd have a higher win rate.

PraiseGod4u:




High probability? What criterion makes a high and low probability trade?

Those setups you know after spending much time on the charts have a high chance of playing out. Those types that tempt you to want to go full margin on them because you know it is more likely to be a success than a failure.

The criteria for a high probability trade with my strategy is not likely to be the same for you, it is completely subjective.

kozmicity:


Look at my current strategy now, if I get an imbalance or liquidity pool before an orderblock, (with respect to trend of course ) It's a higher probability trade than if I don't get an imbalance or liquidity pool before the orderblock. Both work for me, but one has more confluences than the other one. Both can still lose, but one has more chances of losing than one.

Both are originally the same setup, the same strategy too, but if I focus on one instead of the other, surely I'd have a higher win rate.

Why are you not focusing on it?

charly20:


Those setups you know after spending much time on the charts have a high chance of playing out. Those types that tempt you to want to go full margin on them because you know it is more likely to be a success than a failure.

The criteria for a high probability trade with my strategy is not likely to be the same for you, it is completely subjective.

All your trades should be high probability then since you are trading a systematic approach and not a subjective one

Itis called a trading system for a reason

You have confluences youlook out for right?
Are u saying there are times you dont lookout for all the confluences?
Or there are times you lookout for certain confluences, meaning a different system for different conditions? I'm not understanding something

CPI may fill the dxy gap created last night, then drop

kozmicity:


Maybe I was, maybe I wasn't. The point remains that if you take every trade you come across, your win rate would ultimately reduce when compared to trading only high probability setups.

I don't even think this has anything to do with discipline. Let me use football; If you take 10 penalties with your weak foot, the outcome will be different from that of your preferred foot. The question now is; Why not just use your preferred foot in the first place?

Instead of trading every single signal your strategy gives you, why not trade the best setups you can get? This reason, is why traders are encouraged to learn patience.

I assume you have a lot of patience, discipline and confidence from your trades and the way you trade that is why you can say what you do. And its working for you so all is well. If it works for you, then it's fine because who knows, you might be an exception to the rule.

It didn't work for me, it didn't work for others before me, it didn't work for others after me.

Lol.. I'm already telling u that u are tempted to use your weakfoot thats why ur winrate is flunctuating.

Now if u are truly disciplinef to only take shoots with your strong foot sinceyou know your chances are higher then why do u hesitate to take the shoot? Do you get my point?
If u cant trade a signal your strategy gives u then it means two things:
1. You dont trust the strategy enough
2. You are not seeing something that'll give u confidence to take d signal hence you are not following your plan..

I wish nairaland has voicenote for me to explain better

why am I seeing a rising wedge on Gu... is Cpi gonna be a bloodbath

BinaryRocks:

Congrats.
You're not alone.
We're are all trying to be a better trader everyday.

May our efforts be blessed

PraiseGod4u:


Lol.. I'm already telling u that u are tempted to use your weakfoot thats why ur winrate is flunctuating.

Now if u are truly disciplinef to only take shoots with your strong foot sinceyou know your chances are higher then why do u hesitate to take the shoot? Do you get my point?
If u cant trade a signal your strategy gives u then it means two things:
1. You dont trust the strategy enough
2. You are not seeing something that'll give u confidence to take d signal hence you are not following your plan..

I wish nairaland has voicenote for me to explain better

bro same thing that is happening to me this week

I normally risk 1% but since I had a buffer and I wanted to increase risk by 2%, I was looking for that high probability trade...

omoh na there problem start, I started missing good setups because it didn't look perfect, I missed 3 good setups back to back the one I eventually took I lost the trade,,,, I was just laughing at the whole thing..

yes there is a high prob setup, but if you are only on the lookout for them you will miss the best trades because you will be second guessing yourself

Emmizay12:


bro same thing that is happening to me this week

I normally risk 1% but since I had a buffer and I wanted to increase risk by 2%, I was looking for that high probability trade...

omoh na there problem start, I started missing good setups because it didn't look perfect, I missed 3 good setups back to back the one I eventually took I lost the trade,,,, I was just laughing at the whole thing..

yes there is a high prob setup, but if you are only on the lookout for them you will miss the best trades because you will be second guessing yourself

There is no high probability setup for a systematic trader.
Because before taking a trade, all your checklist should be met.
We are the ones gambling while calling it trading

kozmicity:


Maybe I was, maybe I wasn't. The point remains that if you take every trade you come across, your win rate would ultimately reduce when compared to trading only high probability setups.

I don't even think this has anything to do with discipline. Let me use football; If you take 10 penalties with your weak foot, the outcome will be different from that of your preferred foot. The question now is; Why not just use your preferred foot in the first place?

Instead of trading every single signal your strategy gives you, why not trade the best setups you can get? This reason, is why traders are encouraged to learn patience.

I assume you have a lot of patience, discipline and confidence from your trades and the way you trade that is why you can say what you do. And its working for you so all is well. If it works for you, then it's fine because who knows, you might be an exception to the rule.

It didn't work for me, it didn't work for others before me, it didn't work for others after me.

even a weak foot can score goals if you are a footballer,

PraiseGod4u:



There is no high probability setup for a systematic trader.
Because before taking a trade, all your checklist should be met.
We are the ones gambling while calling it trading

I love how you see the market and trading

PraiseGod4u:



There is no high probability setup for a systematic trader.
Because before taking a trade, all your checklist should be met.
We are the ones gambling while calling it trading

there is and there is not

trading is not a formula, it is dynamic, and how good of a dynamic trader you are is what is going to set you up for life..

if it were a formula then we would only have needed robots to trade for us

peteregwu:
On NZDCHF, my biase.

They're already eying 0.54000, if they don't break it then I'll buy back to 0.55000

dottozil:


Woow, just woow, and who says GOD isn't working, when I saw the post from @praisegod something just said I should try and give this a trial, I was never hoping to get nominated not to talk of getting picked when i know for a fact that there are better traders with vast experience than i am. I joined this beautiful family not long and in those periods I have significantly improve and still improving, I am currently up 3% in the TFT competition I was never expecting this coupled with being nominated by @info mehn..., if I can do this you can , yes you can let's just put in the effort, you will be amazed like I m now, and i am not saying I am a professional yet , infact the work has just begun, but you know that feeling when you've put in so much effort but not seeing results and you start to believe you are not gonna make it in the game then suddenly it all changes , I want to thank @info for the trust and courage to even nominate me cos I know alot will be running through his mind when he nominated me, also my thanks to the house I have learned alot from you all, picked or not, one love.

Congratulations man.

But don't forget to always stick to your rules

Emmizay12:


there is and there is not

trading is not a formula, it is dynamic, and how good of a dynamic trader you are is what is going to set you up for life..

if it were a formula then we would only have needed robots to trade for us

I challenge you to open a 10k demo account and trade ONLY your high probability setups for the next two weeks.
Show the house the history before you start and after the 2weeks
If you can I'll gift u a 10k challenge.

karkinase:
GBPUSD should see an High of 1.3 and GOld 1947-1951 @ CPI.

You see cable, e no dey take eye see big round numbers like 1.30000, dem must touch am, but e go dey pretend like sey e no see the BRN.😅

PraiseGod4u:



There is no high probability setup for a systematic trader.
Because before taking a trade, all your checklist should be met.
We are the ones gambling while calling it trading

gbam

unless na vibes and inshallah you dey use trade, nothing like high probability

every trade get the same probability

wetin dey funny me be say people dey hammer on emotions as one of the problems wey traders dey get still dem dey make room for emotions with this high probability talk

like i don talk before, if dem no fit code your trading system (that is if e no get clear rules wey you dey follow every day), you never start

PraiseGod4u:



All your trades should be high probability then since you are trading a systematic approach and not a subjective one

Itis called a trading system for a reason

You have confluences youlook out for right?
Are u saying there are times you dont lookout for all the confluences?
Or there are times you lookout for certain confluences, meaning a different system for different conditions? I'm not understanding something

I trade a systematic approach, yes. There are conditions when not met that I do not execute. Example is GU for this month.

I have not taken a trade this month on my account not because there are no setups but because there are no high probability setups in line with the conditions to be met before execution.

This is my trading system. I'm sure many other persons here have made profit this month from their own setups after having met their own conditions. So you see, subjective.

At the end of the month, I will reference my GU and Eurcad call from last month and why I didn't take any of the trades.

PraiseGod4u:


I challenge you to open a 10k demo account and trade ONLY your high probability setups for the next two weeks.
Show the house the history before you start and after the 2weeks
If you can I'll gift u a 10k challenge.

You are a bad boy.

Samuelmiracle:



Congratulations man.

But don't forget to always stick to your rules

Won't boss, thanks

charly20:


I trade a systematic approach, yes. There are conditions when not met that I do not execute. Example is GU for this month.

I have not taken a trade this month on my account not because there are no setups but because there are no high probability setups in line with the conditions to be met before execution.

This is my trading system. I'm sure many other persons here have made profit this month from their own setups after having met their own conditions. So you see, subjective.

At the end of the month, I will reference my GU and Eurcad call from last month and why I didn't take any of the trades.

Mehn i really miss voicenote feature.
But what do u mean by

"not because there are no setups but there are no high probability setups inline with your conditions"

If your conditions are not met then there are no setups. Or is there something I'm missing here?

kozmicity:


Look at my current strategy now, if I get an imbalance or liquidity pool before an orderblock, (with respect to trend of course ) It's a higher probability trade than if I don't get an imbalance or liquidity pool before the orderblock. Both work for me, but one has more confluences than the other one. Both can still lose, but one has more chances of losing than one.

Both are originally the same setup, the same strategy too, but if I focus on one instead of the other, surely I'd have a higher win rate.

Lemme shock u
Do u realize that without an OB, imbalance or FVGs are enough.
You can trade without OB but not without FVG.

Now my question is why would u want to trade an OB that has no liquidity pool or imbalance as uve said? I hope u get my point now

PraiseGod4u:


Mehn i really miss voicenote feature.
But what do u mean by

"not because there are no setups but there are no high probability setups inline with your conditions"

If your conditions are not met then there are no setups. Or is there something I'm missing here?

Today's paper trade.

Is there a setup? Yes.
Is trading on a news day good for my setup? No!

My system requires that I sit on the side on news days because whipsaws could occur when ordinarily they shouldn't. You get my point now?

News days to me is low probability market condition. It may not be for you.

kendoschurrle:


gbam

unless na vibes and inshallah you dey use trade, nothing like high probability

every trade get the same probability

wetin dey funny me be say people dey hammer on emotions as one of the problems wey traders dey get still dem dey make room for emotions with this high probability talk

like i don talk before, if dem no fit code your trading system (that is if e no get clear rules wey you dey follow every day), you never start

Abeg no kill me with laugh this morning which one be vibe n inshaAllah again😂 Shey na trading system

EASYLIFE4US:

They're already eying 0.54000, if they don't break it then I'll buy back to 0.55000

Okay

Cpi has me defending today....
I no trust gu bears...
Reason why i haven't taken any trade yet today...
Them say make i dey trade high probability trade

charly20:


Today's paper trade.

Is there a setup? Yes.
Is trading on a news day good for my setup? No!

My system requires that I sit on the side on news days because whipsaws could occur when ordinarily they shouldn't. You get my point now?

News days to me is low probability market condition. It may not be for you.

Yes this i can understand.
I hope you get my point too

kozmicity:


Look at my current strategy now, if I get an imbalance or liquidity pool before an orderblock, (with respect to trend of course ) It's a higher probability trade than if I don't get an imbalance or liquidity pool before the orderblock. Both work for me, but one has more confluences than the other one. Both can still lose, but one has more chances of losing than one.

Both are originally the same setup, the same strategy too, but if I focus on one instead of the other, surely I'd have a higher win rate.

Orderblock strategy go put you for long thing oo.. you fit no see trade for 2weeks.. I think fair value gap and wicks fill are the best to stay ahead..