Good morning to all the people that will use the weekend to study!
DAX H1 update.
Charts speak. Price rose sharply.
An essentially unabated climb off support has propelled the index through range resistance.
It was a powerful “show of strength” confirmed by the quality of the close.
About my entry of yesterday.
Trading to me it's all about clear Points of Reference and clear Mental Road Map.
If you can learn to follow the price action, you will be two steps ahead of the game because price is faster than any derivative indicator.
You may have heard the saying, “The only truth is the current PRICE.”
Your job as a trader will become ten times easier once you accept this.
This means ignoring news, opinions, and personal biases.
Watching price action can actually be very confusing if you go about it like a ship without her sails up in an ocean squall.
You will get tossed back and forth with no sense of direction and no sense of purpose.
So study (the right things) and fix your Rules and your Points of References.
And for the pleasure of the ignorants...
if the entry the other day was the result of an explicit lesson from W.D. Gann,
yesterday's entry is the result of an explicit lesson from both: W.D. Gann and Jesse Livermore. ROFL
DAX H1 update.
Charts speak. Price rose sharply.
An essentially unabated climb off support has propelled the index through range resistance.
It was a powerful “show of strength” confirmed by the quality of the close.
About my entry of yesterday.
Trading to me it's all about clear Points of Reference and clear Mental Road Map.
If you can learn to follow the price action, you will be two steps ahead of the game because price is faster than any derivative indicator.
You may have heard the saying, “The only truth is the current PRICE.”
Your job as a trader will become ten times easier once you accept this.
This means ignoring news, opinions, and personal biases.
Watching price action can actually be very confusing if you go about it like a ship without her sails up in an ocean squall.
You will get tossed back and forth with no sense of direction and no sense of purpose.
So study (the right things) and fix your Rules and your Points of References.
And for the pleasure of the ignorants...
if the entry the other day was the result of an explicit lesson from W.D. Gann,
yesterday's entry is the result of an explicit lesson from both: W.D. Gann and Jesse Livermore. ROFL
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