Hi there,
After a long while of trial and error (mostly error) I have discovered one thing, this thing is the reason why I lose money!
The thing with a newbie trader is that we think it is possible to catch every single move, everything from those 5-10 pips countertrend to those larger corrections.
The thing is that we really can't, and that's the reason why we lose.
I personally have never learnt when trends end (or when they are most likely to end) and how corrections and NEW TRENDS begin or how they look like.. What is the difference!?
Now, I only trade price action (naked charts) and that is the only way I would like to trade and learn about trends, how they end and consolidations.
Is there any good book out there or perhaps any thread in this or some other forum that empathizes on trend trading with a naked chart?
Thank you very much
After a long while of trial and error (mostly error) I have discovered one thing, this thing is the reason why I lose money!
The thing with a newbie trader is that we think it is possible to catch every single move, everything from those 5-10 pips countertrend to those larger corrections.
The thing is that we really can't, and that's the reason why we lose.
I personally have never learnt when trends end (or when they are most likely to end) and how corrections and NEW TRENDS begin or how they look like.. What is the difference!?
Now, I only trade price action (naked charts) and that is the only way I would like to trade and learn about trends, how they end and consolidations.
Is there any good book out there or perhaps any thread in this or some other forum that empathizes on trend trading with a naked chart?
Thank you very much