1 hour double top or 4 hour double bottom ?
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DislikedYep...if you say so. hbbbbt:
That post basically shits on all of my, and others, hard work. You'll find out soon enough that it's a little more difficult than what every newcomer thinks. There are a lot of aspects to be mastered before you can trade efficiently and I'd love to see the guy that trades for a month and then keeps profitable after that with no problem. I'd give the person that could a gift - but in my experience, noone would be able to stand up and take that reward with only a small amount of time under their belts.Ignored
Dislikedi meant no offense by that statement. i was just saying it isn't difficult physically, but you must be mentally and emotional strong and prepared to make money in a business like this. i really hope i didn't offend anyone.Ignored
DislikedI'm using 55 SMA on the 4hr, which is where we are bouncing at the moment, if we can get above the 5 SMA I'll be very happy... I've been building longs from 206.76 and downwards, with the last ones stacked at 205.62 ,
hopefully we'll get some payback now... (great smilies BTW!!)
OK Bulls, do your stuff!!Ignored
DislikedYou might be ok . This could be a bull flag , however I would not be going long till at least a break back above the 50 sma on the 60 min and better yet a break of the top of the flag pattern.
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DislikedPractise, practise and practise. You can be better at Fear, Greed and Patience by practising to do it better.Ignored
DislikedSomeone sent me a PM about how do practise getting better at dealing with Fear or Greed. How do you pratise Patience? I thought I'd give an example here. Maybe others can share their thoughts as well.
The best analogy I can think of is when some surgical doctors first start in the medical field, they pass out from the sight of blood. But over time they get used to it or immune it. In trading is the same thing. Over time you learn how to deal with it better.Ignored
DislikedMost excellent Jim. When I started trading, I was terrified. I would close winners that were up by 10 pips and let the losers ride trying to gain back from my losses. Another scenario that happened a lot- when a trade would go against me by 10-20 pips, I would close out of it because I was afraid that I was wrong only to see it go in my direction right after I closed it out. After a while, That light just came on and I thought to myself "Wow, I'm an idiot." lol After a few moments like this where I made realizations about trading, life, and myself, trading has become a lot easier than the hell that it once was. There are a lot of obstacles, but if you persevere through it, chances are that you'll do well in this business. Experience is king in this ring.
PS, note the words in bold because they are everything in this business.Ignored
DislikedMost excellent Jim. When I started trading, I was terrified. I would close winners that were up by 10 pips and let the losers ride trying to gain back from my losses. Another scenario that happened a lot- when a trade would go against me by 10-20 pips, I would close out of it because I was afraid that I was wrong only to see it go in my direction right after I closed it out. After a while, That light just came on and I thought to myself "Wow, I'm an idiot." lol After a few moments like this where I made realizations about trading, life, and myself, trading has become a lot easier than the hell that it once was. There are a lot of obstacles, but if you persevere through it, chances are that you'll do well in this business. Experience is king in this ring.
PS, note the words in bold because they are everything in this business.Ignored