Since my method of trading involves a lot of time spent on charts, I know I won't be posting much more at all on Forex Factory in the interactive threads. Haven't for about 4-5 months now really. I am watching every MT4 time frame now, and always paying attention to the closing seconds of all candles on all time frames, as well as a combination of moving averages and of course divergences. I am also constantly positioning horizontal bars across my charts and RSI. Also voice comm with a few traders.
Anyway this thread is just for anything I feel like posting because I know I wouldn't mind to see it again sometime. Mostly just posting things very useful to my trading.
If you get something out of it great. But please don't post on the thread, PM if you have a question. I will TRY to answer it come Friday or Saturday.
As always, buy fear - sell greed
You all know its so much more than that, but those are always the emotions felt at major lows and highs, usually because the highs and lows are where the stops are and the stops run the market so quickly that you feel an extreme surge of emotion. That huge greed feeling like its going to blow through the roof is where it usually stops and reverses short, and the fear feeling where it falls to the abyss, is where it typically reverses long.
Using these emotions to go along with what you see on a chart can be a very powerful tool. Or perhaps you don't notice them, depending on how emotional you may be (I am a Pisces)
Anyway this thread is just for anything I feel like posting because I know I wouldn't mind to see it again sometime. Mostly just posting things very useful to my trading.
If you get something out of it great. But please don't post on the thread, PM if you have a question. I will TRY to answer it come Friday or Saturday.
As always, buy fear - sell greed
You all know its so much more than that, but those are always the emotions felt at major lows and highs, usually because the highs and lows are where the stops are and the stops run the market so quickly that you feel an extreme surge of emotion. That huge greed feeling like its going to blow through the roof is where it usually stops and reverses short, and the fear feeling where it falls to the abyss, is where it typically reverses long.
Using these emotions to go along with what you see on a chart can be a very powerful tool. Or perhaps you don't notice them, depending on how emotional you may be (I am a Pisces)
Be hopeful in a winning position, and fearful in a losing position.