Good day Strat and all.
I've been following Strat's advice and have been in front of my PC trading the 15m/5m/1m combo. Every time I think I'm going forward reading the charts better, discovering little new pieces of information and THINKING I'm finally reading beyond the candles (and walking on water), the very next day, nothing seems to work (as if the charts are upside down now). So back to humility again.
And of course, everything seems to work when you look at the charts understanding what price is doing, sort of predicting well enough the direction and targets... the moment you enter a trade, price starts behaving differently.
In the end ends up being Demo trading: +5% ; Real trading: -1%
At the screen I have always the BIG BOSS, the BOSS and the WORKER.
I marked Support and Resistance on the BIG BOSS and BOSS, paying more attention to the levels that are the same on both charts.
I marked the Swing Highs and Swings Lows (based on the break of the Control Candle).
Use of the Strat Shadow as direction and dynamic Support and Resistance.
Looking at Price Structure. Making higher highs and higher lows (and viceversa) going from one level of SR to the next (or not).
From this, I'm trying to be simpler on my approach. As bistolis told me a couple of months ago, "Don't complicate it".
https://www.forexfactory.com/thread/...9#post14305039
My struggle comes from the 'conflicting signals' when looking at too many things at the same time. I'm starting to incorporate more and more bistolis point of view (what I think is your view), paying attention to the candles and their signs of exhaustion, reversal and continuation (seeing beyond the candles). Also marking S & R as usual and letting the 20 EMA to show me the way for direction and entries.
So thank you bistolis.
And to you redegenerate, all the sources given you are the ones to succeed. The problem that most encounter is they donīt finish reading and re-reading everything. It takes time to do it right. Patience to walk one day at a time and determination to follow the path until the end. Be realistic with your expectations. Do not get the frustration to get the best of you when things don't go as plan. Starting the path is easy, keep on going through the path is difficult, but not impossible. Good luck in your journey.
https://www.forexfactory.com/thread/...3#post14369483
I've been following Strat's advice and have been in front of my PC trading the 15m/5m/1m combo. Every time I think I'm going forward reading the charts better, discovering little new pieces of information and THINKING I'm finally reading beyond the candles (and walking on water), the very next day, nothing seems to work (as if the charts are upside down now). So back to humility again.
And of course, everything seems to work when you look at the charts understanding what price is doing, sort of predicting well enough the direction and targets... the moment you enter a trade, price starts behaving differently.
In the end ends up being Demo trading: +5% ; Real trading: -1%
At the screen I have always the BIG BOSS, the BOSS and the WORKER.
I marked Support and Resistance on the BIG BOSS and BOSS, paying more attention to the levels that are the same on both charts.
I marked the Swing Highs and Swings Lows (based on the break of the Control Candle).
Use of the Strat Shadow as direction and dynamic Support and Resistance.
Looking at Price Structure. Making higher highs and higher lows (and viceversa) going from one level of SR to the next (or not).
From this, I'm trying to be simpler on my approach. As bistolis told me a couple of months ago, "Don't complicate it".
https://www.forexfactory.com/thread/...9#post14305039
My struggle comes from the 'conflicting signals' when looking at too many things at the same time. I'm starting to incorporate more and more bistolis point of view (what I think is your view), paying attention to the candles and their signs of exhaustion, reversal and continuation (seeing beyond the candles). Also marking S & R as usual and letting the 20 EMA to show me the way for direction and entries.
So thank you bistolis.
And to you redegenerate, all the sources given you are the ones to succeed. The problem that most encounter is they donīt finish reading and re-reading everything. It takes time to do it right. Patience to walk one day at a time and determination to follow the path until the end. Be realistic with your expectations. Do not get the frustration to get the best of you when things don't go as plan. Starting the path is easy, keep on going through the path is difficult, but not impossible. Good luck in your journey.
https://www.forexfactory.com/thread/...3#post14369483
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