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"Do not confuse a setup with a signal. Two very different things."

Discussion in 'Trading Strategies/Systems' started by Trav., Jan 12, 2020.

  1. Trav.

    Trav.

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    I came across this tweet yesterday from Nick Radge and thought how true is this.

    I have been busy beavering away learning AmiBroker code and trying to develop a system that matches my style / psychology ( weaknesses ) and this was a timely reminder that I should be more distinct in defining my setup and then when to enter a trade.

    I have miss timed a few trades recently and I now believe it is as simple as not waiting for a valid signal to enter. It is worthwhile to take a step back every now and again to review a few trades especially when on a steep learning curve.

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    rnr, fergee, Austwide and 6 others like this.
  2. tech/a

    tech/a No Ordinary Duck

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    This is very true with VSA analysis.
    Many who have Tradeguider Software fall for this.
    Once you have this understanding your hit rate
    Should increase
    So should your ability to exit cleaner and more accurate .
     
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