I consider myself flexible trader and often get stifled on rigid trading systems.
I consider Support and Resistance,Sentiment,direction to be most important.
If you like to trade on these basic concepts then its enough to improve your trading tremendously.
I think of these three elements in trading like a skeleton which holds everything together.
I also use fibs as a support tool.It is important to understand that Price does not necessarily reflect Fib levels or any levels at all.
Price is determined by buyers and sellers hence pushed one or other way until one side wins.
Technical Analyses is useful however to become true successful trader we should also take TA with grain of salt.Its only purpose is to give you confidence in our entry however most traders fail after entry because how we exit determines our trading capacity to be profitable or fail.
This is a hard concept to grasp but understanding that it takes great deal of psychology to exit orders successfully.
Method and system are useless without proper MM and psychology and in the end trading is part psychology and part Art form.
Propose of this thread is to share trades help everyone to become a better trader.
It does not matter your style,indicator,set ups etc. What I consider most important how you exit your trade after getting in.
To help understand importance of this watch this video by Jason Alan Jankovsky - In Through the Out Door
Everyone welcome!
I consider Support and Resistance,Sentiment,direction to be most important.
If you like to trade on these basic concepts then its enough to improve your trading tremendously.
I think of these three elements in trading like a skeleton which holds everything together.
I also use fibs as a support tool.It is important to understand that Price does not necessarily reflect Fib levels or any levels at all.
Price is determined by buyers and sellers hence pushed one or other way until one side wins.
Technical Analyses is useful however to become true successful trader we should also take TA with grain of salt.Its only purpose is to give you confidence in our entry however most traders fail after entry because how we exit determines our trading capacity to be profitable or fail.
This is a hard concept to grasp but understanding that it takes great deal of psychology to exit orders successfully.
Method and system are useless without proper MM and psychology and in the end trading is part psychology and part Art form.
Propose of this thread is to share trades help everyone to become a better trader.
It does not matter your style,indicator,set ups etc. What I consider most important how you exit your trade after getting in.
To help understand importance of this watch this video by Jason Alan Jankovsky - In Through the Out Door
Everyone welcome!
"Let winners run and cut losers quickly" a cliche but 100% true
) as I truly believe supply and demand is what really move any market.
