Quote:
Originally Posted by jpang
.............. I've been struggling with the concept that we don't do a traditional entry in the advanced or intermediate levels.
........ if we can still potentially lock in some pips with the traditional entry why wouldn't we?
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I have researched this carefully
Jpang with a lot of trading of my own.
With the Int/Adv levels, traditional entries are simply too messy to warrant those extra few pips.
Too much vigilance and mouse clicking is required.
Make a mistake and you lose it all.
The levels have been worked so that simplicity rules.
This is
most important.
A complicated system may look very sophisticated but in a fast moving market, such a system is completely impractical.
Quick thinking is required and a mistake can be disasterous.
We are working under pressure in a live market with emotions running high.
A cool head is needed.
When under pressure, simplicity makes for easier decisions, and more time to actually look at the price action rather than wondering what to do about it.
Complex decisions and trading does not work well under pressure.