yes, what does it mean?
thanks
thanks
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Disliked2 Jairo:
May i give you an advice
I fought with my nature six years to get to profits.
Finally I understood that simplest technic known as S&R recognition make me profitable.
Now Every morning I always go through process of S&R identification.
During day I use trends if I can see them, but currenly I look more for Impulses of market before S&R and after S&R.
And Candlesticks in conjuction with S&R finally started to fire
So
Two simplest technics - S&R and Candesticks make my day.Ignored
DislikedHi fti,
I am fully aware that I have a strong tendency to fight the trend.
can be done but in small target
I know there are always conflicting trends in the market but almost invariably I end up going against the trend I have initially chosen to follow!
R U trying to pick the tops/bottoms to get in at the best level? If you think price is long, why would you short, unless to gather counter pips? Or you think the trend is changing?
I have survived through prudence (small lots) and patience.
A must when counter scalping, think unlevel betting. Not all trades are equal and worthy of larger entries
But I am becoming tired of this. I am not sure if it is indiscipline or the scorpion in me (or both).
Identify the reason for the counter entry
What can I do to overcome this? Hmmm... I am 48 years old but not closed to changes... (hopefully).Ignored
DislikedHi Zenseven & fti,
Thank you for your input. So Zen you trade when the market goes off the S/R levels? What do you do when caught in a false start? (say the market starts to trend in the opposite direction as soon as you jump in)
If you don't mind to be specific, I am curious about the natural tendency you fought for six years. That is a point I disagree a little with fti comment, suggesting that I trade congestions due to my tendency to go the opposite direction. I think each person must find a technique he feels comfortable with and also ajust the risk level. But these things must be adapted to the personality, not to the person's flaws. A weekness like this (a tendency to go against the trend) should rather be eliminated than adapted to. It is hard to change, but I think I MUST. I am not against the idea of changing, maybe I need only be smarter, not being fooled so easily by the market.
Good trading to all.Ignored
DislikedI'm very happy today: My wife give a life to our little daughter today.Ignored
DislikedRight...of course! Is there a thread I can find all the acronyms, terms and glossary?
CheersIgnored
DislikedGood trading to all Please comment if anything is wrong with my approach
I'm very happy today: My wife give a life to our little daughter today. So i'm sorry if I cannot answer questions for while.Ignored
DislikedJairo:
Good trading to all Please comment if anything is wrong with my approach
I'm very happy today: My wife give a life to our little daughter today. So i'm sorry if I cannot answer questions for while.Ignored
DislikedHi guys,
I'm relatively new to this Forex War. I've done away with indicators as such. Becuase indicators are just an algorithm of price to some extent and just follow price.
At this stage I'm more interested in Previous Highs and Lows. Areas on the Chart where Price is respecting a certain level. Which means once it reaches a certain level it is either bought or sold. Are you saying buy at the highs & sell at the lows or Sell at the highs & buy at the lows ?
Trend Lines, Support and Resistance Lines formed from previous highs and lows is about as simple as you can make it.
Follow the trend at all times. Trading counter trend is dangerous to say the least. Trading the Ranges is easier.Isn't trading the ranges selling the high & buying the low ? so in essence this is countertrend trading. Using stops just outside the range is the best way. When price breaks the range stops protect you. It's up to you to jump on when the Range Breaks.
Technically speaking you could draw a line anywhere on the chart where price action is. You could say to yourself. Ok if price passes this line I will buy long or sell short. You can't make it any simpler than that.Why not place a buy entry at the high or sell entry at the low of the most recently closed candle (time frame of candle to suit your preference) as the high & low of the the most recently closed candle represents support & resistance in that time frame.
If anyone knows a great exit strategy to take profits I'm all ears. Taking the losers is easy. Knowing when to take the winners is Very Hard. Read this thread for important info on possible exit strategies.
---There is only one Certainty in Trading, There is no Certainty ---Ignored
DislikedHi guys,
I'm relatively new to this Forex War. I've done away with indicators as such. Becuase indicators are just an algorithm of price to some extent and just follow price.
>>>Congratulation...you are part of the gang...indicators...too late...
At this stage I'm more interested in Previous Highs and Lows. Areas on the Chart where Price is respecting a certain level. Which means once it reaches a certain level it is either bought or sold.
Trend Lines, Support and Resistance Lines formed from previous highs and lows is about as simple as you can make it.
>>>Correct...that is what I use in my trading...
Follow the trend at all times. Trading counter trend is dangerous to say the least. Trading the Ranges is easier. Using stops just outside the range is the best way.
>>>we do not use stops...we exit manually...
When price breaks the range stops protect you. It's up to you to jump on when the Range Breaks.
>>>indeed
Technically speaking you could draw a line anywhere on the chart where price action is. You could say to yourself. Ok if price passes this line I will buy long or sell short. You can't make it any simpler than that.
>>>absolutely correct, but some lines are better than others...who do set your line?
If anyone knows a great exit strategy to take profits I'm all ears. Taking the losers is easy. Knowing when to take the winners is Very Hard.
>>> Either on trendline break, at the next S/R level, when you feel that you have enough, or at a fixed target...Your choice as per your own psychology...all work if you are in the money...
---There is only one Certainty in Trading, There is no Certainty ---Ignored