Are You Trading Like the 90% Who Lose? Tom Hougaard Explains

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when a market makes a 61% retracement

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some would argue that this is the ideal

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time to either buy or sell short

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depending on the direction and uh if

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that fails then there's also the 78.6%

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retracement and hell why not throw the

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88.6 and

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94.5% ratio so there's always a ratio

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for the particular season however my

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argument is that if the market has

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already traded up to a 78% retracement

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surely if you sell short at 78 you're

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actually betting against the prevailing

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Trend some would argue against me I'm

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not really so interested in what other

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people are thinking I am more interested

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in trying to explain to you that the

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majority of indicators are available to

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the majority of people yet considering

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that 75 to 80% maybe 90% of all people

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engaged in trading are losing maybe it's

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a time we have a real long hard look at

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what it is that we're actually doing

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when we are trading