DislikedSo with this advice in mind , who sees a new high about 1.1370 ? Then the fall to 1.12 and lower?Ignored
Prices have not traded between these levels for nine days. It is usual for these areas to be covered within 5 days.
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DislikedSo with this advice in mind , who sees a new high about 1.1370 ? Then the fall to 1.12 and lower?Ignored
Disliked{quote} update ,, well one could have their 10 pips and be done for the day that is basically what the mkt averages in a trending direction over a given time period that equals all the swings you see on a chart ,, lol,, levels levels levels traders. ,, there is roughly 8 times that available everyday,, catching even half the daily atr or one 30 pip move a day as mentioned a few posts before you beat the mkt by 3 ,, points to ponder lol,,, cheers all . {image}{image}Ignored
DislikedIf you look Lcky ,, the m30 200 was tagged ,, back down to the support level ,, then the hourly 200 was tagged , Brown ave back down to support ,, now here it is working on getting above that,,, levels , levels , levels ,, what holds what folds ,, higher levels giving out while lows are moving up ,, it will do that till it finds one above that whacks it good ,, over and over ,, day after day week after week ,, thats all the mkts are and all they do,, as stated before the same shit day after day month after month etc etc ,, the same news reports...Ignored
Disliked{quote} You are spot on. Average 2 >=30pips move a day. Yet few traders are aware about this very important fact. Funny isn't it ? 10pips scalp can turn into a 30pip move, 30pips mid-range swing can turn into a 70pips move. It comes with bonus thrown it.Ignored
Disliked{quote} Thanks you are right and I follow you it is working and I get good result but some times I lose my patience and do things which I shouldn't and I am working very hard to increase my patience and deal like a trader not a person who is in dark and doesn't know what she/he is doing. I am so glad that I am part of this group who are great people like you, ata and others giving advise and inputs that help us each day to improve. hope one day I will be so confident and do like every professionals cause it is my dream to a be professional trader....Ignored
Disliked{quote} Thanks you are right and I follow you it is working and I get good result but some times I lose my patience and do things which I shouldn't and I am working very hard to increase my patience and deal like a trader not a person who is in dark and doesn't know what she/he is doing. I am so glad that I am part of this group who are great people like you, ata and others giving advise and inputs that help us each day to improve. hope one day I will be so confident and do like every professionals cause it is my dream to a be professional trader....Ignored
Disliked{quote} Exactly why I always felt it was a little weird to term yourself strictly a 'scalper' or 'intraday' or 'swing' trader almost exclusively or even a 'specialist' so to speak lol. End of the day us retails are just scavengers, we take whatever scraps we can get off the market, be it 10 pips or 70 pipsIgnored
Disliked{quote} To be a professional, the entire trade setup has to be rules based. Every aspect of what you do or do not do is covered by rules that you adhere to. You wrote those rules after you have studied with large sample size of the same setup and based on the statistical frequency evidence you conclude that you do A instead of B or C. If you do not have a rule for a particular market scenario it means it's an outlier outside of your realm. You stay out of the market which is again rules based.Ignored
Disliked{quote} well I am working on it to follow the rules I make for my self and if it not work then change it and test so that I can improve and you are right I have to stick to rules and not run in between or change it all the time. but some times I am very much impatient which kills me or I act very revengeful which also harm my account but after all I am working hard to learn and reach to goal which I set for self not to become rich but to become a trader. I started nine months ago in a dark with no idea what I am doing but since three months that...Ignored
Disliked{quote} well I am working on it to follow the rules I make for my self and if it not work then change it and test so that I can improve and you are right I have to stick to rules and not run in between or change it all the time. but some times I am very much impatient which kills me or I act very revengeful which also harm my account but after all I am working hard to learn and reach to goal which I set for self not to become rich but to become a trader. I started nine months ago in a dark with no idea what I am doing but since three months that...Ignored
Disliked1 min ending diagonal for the run up just going to E position... Trend line breached pop to 50 in 3.2.1...Ignored
Disliked{quote} Here is my weekly view. 1.1414 is crucial resistance (mainly for current and maybe also next week). If price can stay below that level after some serious time we might be talking about 1.055 levels. I have noticed double MACD divergence but for now I am ignoring that. Smaller timeframe analysis will warn us in time anyway, so no worries. Also my followers will understand: We are still below dashed RED TL. It is still a bear market on weekly! Stay Green {image}Ignored
Disliked{quote} The issue here is whether the trader has covered the major spectrum of the market permutations during the period that he trades - bull and bear market of different volatility trading the same setup rules. With 9months of daily practice looking at 1-5m charts scalp to mid-range intraday trade the market is diverse enough. 9 months of market will reveal if your rules is robust enough to cope with the permutations of diverse market conditions. In most cases, the rules fail. You win some of the time, then you lose some of the time. Your rules...Ignored
Disliked{quote} I have a feeling when starting this post that I'm looking at novel size, but I'll try to keep it as short as possible . What comes next is maybe something you can use or maybe you can not, I hope it helps! Either way, writing down my beliefs and how I see things to keep trading consistently profitable helps me to get confirmation and can point out where I can make improvements. Posting these beliefs on a forum like this can only help other traders, as it helps me improving. My first tip is that You should probably do the same. Everyone has...Ignored
Disliked{quote} One of the best comments I ever read here. Well said. "To fill the profit gap, Learn about yourself" ...Mark Douglas. I think it also helps to print Mark's Traders' Anthem and Traders' Creed. Read them everyday before trading. I haven't read Van Tharp. Think it will be the book for Xmas holiday. I'm very busy currently to look for it. Thanks for the comment and suggested book.Ignored