Vee,this chart for u Will this trade at the monthly wick be my next wallpaper?
Time will show
Tim
Time will show
Tim
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Disliked(when you see a full bold candle,out of nowhere without retrace,most likely is a fake out) etc.Watching clean charts is more easy spotting good momentum,where price may breakout,how does usually breaks (hint,when price breaks out,most of the time,it will retest the breakout before continuing)Ignored
Disliked{quote} I don't mean to sound like a party pooper, but more often that not get ready for all that lovely mark-to-market profit to be given back. When things work out for this strategy it can be great, but like any good trend they don't happen that often which means most of the time you'll be trading in some sort of chop. So build a good leg, get knocked out, build another, get knocked out, build another, this time full of lots of juicy positions only to be knocked out on a small spike before the market moves 500 ticks in your direction with you...Ignored
DislikedIs it worth the hassle? Yes, if you're already an excellent short term trader, or about to become one. No, if you're not. However, as others have said in the thread, if you're an excellent short term trader then you don't really need this strategy as you've got all the skills neccesary to make good returns in the market.Ignored
Disliked{quote} Many thanks for the reply Calculus. What a shame, another thread/method that looked so promising in the begining, not sure now whether it's worth my while reading through the 300+ pages!Ignored
Dislikeddefinitely worth your time. but you may just read till Graeme left. that's about 100s pages, if i remember right. for me, this thread is not about 'i follow graeme's way', but about 'now i know there's this way', and 'this way' help shaping your mindset as a trader with an indispensable part. it did turn out that i cannot 100% (or even 70%) follow graeme's way, but the concepts are so well conveyed include: let profit run, cut losers short, control risk and last and most important: an EDGE is all and only thing you need! {quote}Ignored