DislikedAbsolutely incredible...right under our noses...and I'm sure just the tip of the iceberg.
I was getting quite a bit "lost", feeling like I was totally missing it, yet sensing it was RIGHT THERE. But after seeing your last few posts, I now realize that, even though I didn't have it all put together, I really did have a few bits and pieces of it after all. I enjoy they way you are teaching this very much. Yes, it's been a tad frustrating, but worth every ulcer! :
Seriously and sincerely...thank you so much for what you've shared with us. Hopefully, someday soon I can PM you and share some details of just how great a thing you've done here for me.Ignored
I had just finished re-reading every Skunny post and chart. The last few charts just lit up like Christmas trees for me after looking for a while.
Skunny......I can not thank you enough. You are right in your suggestion that just what you have disclosed so far could take someone across the line from "not" to profitable. It is nothing short of amazing to watch the PA movement in relation to the fib lines I am drawing. My last 4 trades were all profitable and accounted for close to 80 pips on the GU!
I had been going the indicator route and kept feeling like I had found "something".....but as we all know.....that doesn't last. Now I can see why. Price moves can be anticipated by just watching price....no more lagging indicators for me......amazing to finally set SL & TP that are not just arbitrary or a function of how much I "wanted" to risk.
The coolest part is the new sense of calmness & confidence (not cockiness). I can see that the future will not be a series of chasing trades or feeling like boats have been missed. It seems as though if done properly, one only need to watch price and new opportunities to "cherry-pick" will keep showing up. If this is only the first 2 chapters......I can't imagine what the next 8 will hold! This is the way that I am going to trade from now on. I am dumping my hundreds of indicators & templates.
I say this with all humility because I am sure I am just scratching the surface with what I am seeing on my charts. I will agree that although a little frustrating for those of us always looking for the quick answer, your method of throwing out hints and letting us do our own discovery is quite rewarding. In fact, I can see how each of us might all walk away with a little different method of application, yet all still be profitable using the concepts you have so far hinted at.
Again.....a huge thanks. Best wishes to you and your family for the new year. You are truly a gentleman!
P.S. Gonna make some time to dig into Bo's thread as well!