Hello everybody,
I thought I would share the thought process behind some of the trades in this explorer.
Functionally I am a market timer. My style of trading doesn't involve too much technical analysis. I look for critical inflection points and try to time moves with basic support and resistance, fibs, and price action. I use fundamentals and shifts in sentiment to time countertrend trades or key reversals. My goal is to find asymmetric opportunities and hit a huge move once or twice a month. This is more of an art than a science and my point of view is often in conflict with the masses.
I am not risk adverse. I will scale in but eventually size trades inappropriately and sometimes run a sizeable drawdown. I rarely use stop losses, but I will hedge my positions.
Let's let the fun begin and green pips to all.
I thought I would share the thought process behind some of the trades in this explorer.
Functionally I am a market timer. My style of trading doesn't involve too much technical analysis. I look for critical inflection points and try to time moves with basic support and resistance, fibs, and price action. I use fundamentals and shifts in sentiment to time countertrend trades or key reversals. My goal is to find asymmetric opportunities and hit a huge move once or twice a month. This is more of an art than a science and my point of view is often in conflict with the masses.
I am not risk adverse. I will scale in but eventually size trades inappropriately and sometimes run a sizeable drawdown. I rarely use stop losses, but I will hedge my positions.
Let's let the fun begin and green pips to all.