Should you flip 2 coins the probable results are HH, HT, TH, and TT.Originally Posted by ;
Now think about trading.
In the event that you merely pick heads, you'll be right half the time OVER THE LONG HAUL.
Should you flip a coin to pick heads or tails, you could have one heck of a losing streak or miss out on one heck of a win series.
I believe you proved my point. By choosing random entries the chances do not improve.
Trading is a game of survival.
Select the worse possible beginning bar for long entries. SL = 10 pips. How many losers in a row? 4? 5?
How many champions did it take to break even? 1? 2? 3?
Remember, you do not trade 24 hours per day, 5 days a week.