Disliked{quote} Much a healthy and lengthy post...."it happens every day day after day and week after week"...levels are there to watch and master....its not easy,,,it's tough though but worthwhile to to strive for.. I am going to start the live trading next Month....as I am some hurdles still.....you taught me a lot but I could Learn a very little so hoping you will keep helping during my live trading.... Have a nice HAPPY NEW YEAR to you and all other participants here on the thread and on FF. Thanks and regardsIgnored
One comment I have made a few times is simply most starting out would do much better if they simply doubled the time period they looked at,,, especially if one is to practice a bit of patience ,, one has a lot of things in there head ,,trading terms and jargon all floating around ,,say things like where a candle closes ,,above oor below an average trying to translate and make sense and be in the right way yada ,yada ,, trying to calculate waves and abcd s the whole ball of wax ,,just going to post the most watched ones besides the daily 1st ,, 1xt one being the ole go to H4 chart the golden boy ,,Ive made no secret of my disdain for it ,,I have my reasons lol,, then the classic hourly and then the M15, with the average most discussed here that being the 54 Lwa which has been changed to a 49 Lwa ,,still a 54 on these charts .
The charts below ,, H8 ,, the 4 hour and the eight hour have the same averages ,, the 2 hour and the half hour are the same templates as above just double the time period ,,, see if you notice anything especially when you get down to your entry charts if looking for a little longer term holds Notice the candle closes around the 54 Lwa on the hourly and the 2 hour chart if you are into that sort of thing lol,,,,down to the smaller ones ,, the m15 the red is a four hour ave,, on the m30 it becomes an eight hour average ,,notice how on the m30 charts support is found around the area it crossed that ave or res is found where it crosses that average with the 54 Lwa being the bigger level to watch for a hold or fold . Patience and little things bud all the shit I have repeated over and over ,,your little list of daily givens that you do know about the mkt all just little pieces of a puzzle you will find away to put together that works for you to get your piece of the pie . Im sure the new year for you brings some excitement ,,some apprehension ,, the feeling of not wanting to fail ,,the worry of failing the list goes on ,,,,,,,,, At the end of the day it is you against the world bud ,, great thread here with most supporting but the world,,, the mkts owe you nothing ,, practice some patience ,,be honest with yourself 1st and foremost,,, and always keep learning,, stand up and get your shekels ,,your new year will be great ,, you may even be surprised at what the world will give you ,,the best to you man ,,cheers
Little side note ,,what does a Fx day consist of ,,I do believe it is 3 eight hour sessions ,,London seldoms lets any gains or losses that asia accted for go by with out getting their share of it or eaxtly all of it lol
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