it's a very long CZ (although not very "pure") so if we finally get some decent movement might be a substantial fall. My plan is to scale-in with nano-lots and break-even's.
TRADE FOR SWAP
1 trade per pair per year 6 replies
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Trading 24 hours per day, 5 days per week 14 replies
DislikedI can do a lot of things, but I confess I'm not a very good mind reader.
Which post are you referring to?Ignored
Dislikedit's a very long CZ (although not very "pure") so if we finally get some decent movement might be a substantial fall. My plan is to scale-in with nano-lots and break-even's.Ignored
DislikedHi cgldsmth. Would you mind expanding on how you scale in to your trades. I am trying to do the same but I am pretty much a beginner at this and would appreciate another view.
DislikedYou learn something new every day. Thanks for the tip.
cgldsmth, I don't believe it's possible to ever predict what price will do any better than flipping a coin. Not ever. Not under any circumstances at all. At least not as far as a tiny retail trader like us is concerned. My entire trading philosophy is based on this premise. So to answer your question, I don't waste my time trying to read candles (or Fibs, or Stochs, or RSI's, or MM lines, or....) I just look for my CZ and trade the breakout, and then sit back and wait for a reset.
DislikedNot saying you are wrong or that I am right. To each his own. But here's a fun little pic from this week already that I hope supports my philosophy just a little. Enjoy...Ignored
Dislikedof course, a simpler TP level would be the average number provided by the indi in the top right hand corner, but this number is taken from the buffer zone, and so is larger than it should be.Ignored
Dislikedshort cable just triggered, BARELy obeying the rules, but a nice CZ allthesame.Ignored