"TRADING IS SCIENCE OF REACTION NOT PREDICTION"...mizi123
- Joined Aug 2010 | Status: absolute beginner | 4,643 Posts
"TRADING IS SCIENCE OF REACTION NOT PREDICTION"...mizi123
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DislikedHi. It's a subject that I've discussed these weeks with my colleagues. I do not believe in it since I am adept of the "wait for confirmation first" but I have seen also some impressive results in near past using this method and I am curious about it. My trading method is Market Cycles and this "imbalance" if I am not wrong, is based on testing Accumulation/Distribution zones. Below a pic of how I am thinking about it, if I'm not wrong. {image} {image} {image}Ignored
Disliked{quote} Hello, dear Please send me your chart settings. I need them according to the psychology of colors, thank you.Ignored
DislikedUC played out well! Setup was shared with members before the move happened! Notice the touch on monthly psych and it just melts away. I hope I’ve shown enough examples of how powerful psych levels are and can aid in your trading. {image}Ignored
DislikedFolks hope all of you are enjoying your weekend! Lets clean our charts for next week. I’ve attached three templates with fresh clean lines with zones marked to take your entries. If price breaks into any of these zones look for the retest of the psych lines for your entry. Draw the fib tool as extra confluence. Don’t worry about the red/green lines for now. I’ll explain those later. This thread will reveal new techniques as we go along as I don’t want to overwhelm any new reader learning the basics. Lastly, don't go around and drawing lines for...Ignored
DislikedFirst day of trading and already on . Setup formed exactly as I shared yesterday. Closed partial @ 50%, letting the other half run risk free {image}Ignored
Disliked{quote}Nice one! What was your entry trigger? Imbalance on smaller TF or candle pattern/rejection?Ignored
Disliked{quote} Thank you brother. The open on Sunday blazed through the daily psych level, so I expected a retest into the daily psych area for long opportunities as I shared Sunday night here and on my telegram channel. See my markup below for entry. {image}Ignored