3-hour standby trading
Trading in 3 hours
Anything less than that will require averaging down, which hurts capital efficiency
It's only for appearance; a 3-hour wait-and-trade, not an averaging down
Except for standby strategies, you won’t profit without averaging down
Even as a single-shot decision, profits won’t grow
Trades with 3- or 6-hour standby are more efficient
Start from 10,000
Just testing whether you can increase it
If you can’t, you’ll only trade when setting up for 12 hours
If you have to pick one, go with setup trades
Do not narrow down to one thing
Fully cover trades that lead to increasing profits
If you shift from 1:1 to 1:2 and adjust your thinking, you can extend profits
Averaging down
Single averaging-down setup — 3 hours
Averaging down must succeed before it retraces back
If you cannot do that, setup trading is more efficient
Just increase risk
40 pips, averaging down every 20 pips
Averaging down every 20 pips to 20 pips yields faster returns
One setup, one averaging down
Setup
Change of time
Change of entry method
Within a system that is 100% correct in trading
Trades that can timing
Only a single-shot reversal is saved because
You are trading the same as with stop-loss trading
If you don’t trade influenced by technicals
You can profit normally
Already cultivated market sense and market observation
From here, trade focused on a single currency
Because the moves are almost the same
Focusing risk on a single currency is absolutely better
Diversification
Like with technical analysis, it makes profits unlikely
With diversified trading
Only setup trades with standby for 24 hours
Only trade with a single-currency chart
Letting losses run is meaningless
Markets where averaging down works
and
pira works in those markets
there is an eternal appearance of the market
What I learned
Never read the textbook absolutely
Ignore technicals completely
Block out all information
Realized that everything was a lie
That’s why you can keep increasing forever
Averaging down by price
Averaging down by time
Averaging down by pattern
Don’t rely on technical analysis for trading
Technical analysis is for automated trading only
Automated trading isn’t necessarily profitable
Everything moves up and down; markets stay in trends/ranges
It’s not simply a matter of counter-trend or trend-following
That’s why technicals can just get in the way
Averaging down to the max is the essence
If even one averaging-down hits, you should operate with that expectation
Pursuing profit means pursuing risk to grasp it
You must adopt a form that pursues that risk to profit
Profit depends on the appropriate handling of the current market
Whenever the market moves, you must adjust your size up or down
Trading that ignores technicals
Support and resistance are measures for temporary price movements
Everything depends on market movement
So if you want to profit from those trades, take on risk
Averaging down only increases risk
Placing many averaging-down orders via reservations is dangerous
Setup trading
One averaging-down out of ten
Minimum price observation over 15 minutes
Moving within Dow Theory, support/resistance, and trendlines
Only the time changes
Capture movement within that support/resistance range using averaging down
Do it according to the market’s movement
Enter trades while you’re still hesitating
Trade almost the same as if you had a stop-loss but without one
You do have a stop, but
Aim for trades without a stop
Averaging down need not be within ten attempts
If averaging down succeeds, you can increase again
Believe wholeheartedly in the current market
Horizontal, stairs, and diagonal
All are involved
It will only temporarily change
Combine averaging down with hedged stops
Trades that catch the market’s shift
Smaller timeframe five-minute resizing is appropriate
Three-hour standby is fundamental
Sometimes the market becomes a 15-minute interval
In one minute or five minutes, the market changes
The staircase size is just different
That’s why you keep averaging down
Small profits (intermediate market)
Large profits (successful market)
Even with heavy averaging-down
Leave it to the market’s movement
Stop-loss + hedging + averaging-down + market adaptation
This is discretionary trading
The basic concepts lie in time observation and price
Applying to trend-following and counter-trend is dangerous
The market is described as trend-following and counter-trend by logic, but
that is a concept for automated trading
Technical analysis is a concept for automated trading
It is not suitable for discretion
Discretion is trading based on market observation
Applying trend-following and counter-trend would just remove the market’s flexibility
We need to reconsider what the movement of the market actually is
If you want to keep earning in FX, here is a path ↓
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