Trade What You Know and Know What You Trade 4 replies
When do you know you ready to go from demo to real trading? 61 replies
Seven Big Things Professors Won’t Teach You (But You Should Know) 0 replies
DislikedDo i have the same view with you??? {image} {image} I have done this in the past, but always encounter this dillema, when price came to this area of interest, then we have to "guess" which way it will go, will it continue the trend (white line), or will it break the level below. From the H4 chart above, you can see the yellow line, which i drew based on your 3 push method, i'm wondering maybe price will retrace up to Pivot (Black line) then create 3rd push down, before continue the larger trend going up. But maybe price will just going up following...Ignored
DislikedI find this a classic problem when working with multiple timeframes - on 1 chart it's a time to buy while on another chart it's a time to sell! I can't say I found any satisfactory solution to this.Ignored
Disliked{quote} Both charts look correct to me. The thing about trading is that you never really know 100% where the price is going to go. You can get to know its tendencies and nuances just like you can know a friend. It takes years to get to know a best friend well enough to know what she/he will or won't do and you cannot guarantee their actions always. We act based on our experience. I am conveying some basic principles that apply with nuance. I cannot give you every nuance of every situation because each one of us has to get to know them for ourselves....Ignored
Disliked{quote} Thank you for your reply I believe it comes to probability game. We can not be sure 100% where the market will go. Break or bounce. Breakout or fakeout, trend or reversal. That's why we have to find the edge, the tendency of the price, like you said, experience plays a big role. And i am glad you share some of your experience and observation of the market for us. Thank youIgnored
Disliked{quote} Closed the AUD/USD long for the bank days off ahead. See you all next year.Ignored
DislikedClosed AU, AC long, bought EU, sold UC, still in CF long. Merry Christmas, everyone.Ignored
DislikedIf you are a scalper you are not required to trade in the direction of the Daily trend and you should feel free to trade against the larger trends at will. I am however convinced that most scalper losses are due to areas that are not on their radar. Here let me lay out a simple trade from the 15m chart. This may be too large a TF for most scalpers but I think it will serve. In the first chart, you can see where price has made two strong pushes up and I have laid out where I would be a buyer from the 15m perspective with a projection for the price...Ignored