[quote=Pitch30;3909284]
Hi Pitch 30,
Sorry to interfere in the post meant to be replied by Strat. But this is what I think:
1) Of what I've read and understood so far, it is clear that when the BOSS is down (current examples in the majors: EURUSD, USDJPY)
Is EURUSD Boss in downtrend?
A few posts ago however, you advised us to have a look at the latest trade of Patrick25 (long GBPCHF after the hammer at support). Do you think that this kind of trade is only for experienced traders, as it is countertrend, or this is part of the method and this is something we have to consider in order to initiate a trade when we see it?
It wasn't a countertrend, infact if you pull up your Boss chart you will see it is in sideways and the range is 1000 pips between 158 and 168. So perfectly ok to trade.
2) as I wrote here above, we have to look at price action at support/resistance in order to initiate a trade. By S/R, we mean primarily the "static S/R (horizontal lines going through levels where the price closed several times in the past), but also trendlines, fib retrace levels, trendlines or MAs. The confluence of several of these "lines"
But when I add all these things on my charts, it gives this (dotted lines = daily SR, plain lines = weekly SR):
SR means static SR only AND the rest are just tools, being a beginer on the path just follow PRICE ACTION at SUPPORT RESISTANCE. Those tools help you better in your decision but PASR will be enough to get you going.
No need for putting on daily SR, just monthly and weekly otherwise you won't be able to trade.
It is not what we can call "naked trading". Is it normal that we use all these things as part of the method, or doing so, am I overcomplicating things?
Yes, you are overcomplicating things. Strat doesn't do naked trading who are we. Forget those in the begining of the path who were doing naked trading.
Some experience traders no matter loser or winners they read this thread once and understand it very easily. Some of them are very new to trading and those who are new to trading they will have to read and read again and again and again and again then you will know what trading and this thread is all about.
Hope you and Strat will not mind me replying to your post
Hi Pitch 30,
Sorry to interfere in the post meant to be replied by Strat. But this is what I think:
1) Of what I've read and understood so far, it is clear that when the BOSS is down (current examples in the majors: EURUSD, USDJPY)
Is EURUSD Boss in downtrend?
A few posts ago however, you advised us to have a look at the latest trade of Patrick25 (long GBPCHF after the hammer at support). Do you think that this kind of trade is only for experienced traders, as it is countertrend, or this is part of the method and this is something we have to consider in order to initiate a trade when we see it?
It wasn't a countertrend, infact if you pull up your Boss chart you will see it is in sideways and the range is 1000 pips between 158 and 168. So perfectly ok to trade.
2) as I wrote here above, we have to look at price action at support/resistance in order to initiate a trade. By S/R, we mean primarily the "static S/R (horizontal lines going through levels where the price closed several times in the past), but also trendlines, fib retrace levels, trendlines or MAs. The confluence of several of these "lines"
But when I add all these things on my charts, it gives this (dotted lines = daily SR, plain lines = weekly SR):
SR means static SR only AND the rest are just tools, being a beginer on the path just follow PRICE ACTION at SUPPORT RESISTANCE. Those tools help you better in your decision but PASR will be enough to get you going.
No need for putting on daily SR, just monthly and weekly otherwise you won't be able to trade.
It is not what we can call "naked trading". Is it normal that we use all these things as part of the method, or doing so, am I overcomplicating things?
Yes, you are overcomplicating things. Strat doesn't do naked trading who are we. Forget those in the begining of the path who were doing naked trading.
Some experience traders no matter loser or winners they read this thread once and understand it very easily. Some of them are very new to trading and those who are new to trading they will have to read and read again and again and again and again then you will know what trading and this thread is all about.
Hope you and Strat will not mind me replying to your post