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Dance of the wick

  • #361
  • Jun 27, 1:47pm (24 hr ago) Jun 27, 1:47pm (24 hr ago)
Quoting kleybenny
{quote} you are already at a stage where 99,9 % of traders never will be and beside that it is always good to have something to improve to get even better. this week I managed to make 50% profit with this approach. It was because I had only very few losers and a few gumps. how do you manage the losing trades? Especially if you added a few more trades on the way down and the price don’t stopps? Often price turns later without me. Do you still try until the price finally turns and get so the best entry and recover losses or do you stop adding and...
Sorry, please forget my question. I didn’t saw all the videos. After watching them, it is clear now. Thank you again.
  • #362
  • Jun 27, 2:55pm (23 hr ago) Jun 27, 2:55pm (23 hr ago)
Quoting FxMohblacc
{quote} i understand where you’re going, but I think a lot of entries are the same and market tends to reverse to hit SL …. In my opinion instead of buying directly and placing a 30pip stop loss why not place a limit trade wherever you think you want to place your stop loss that way you’ll have more winning trade …. Remember alot of people still follow what’s in the books
Limit orders are fine. But if one wants to master entries a Risk mitigation you need to feel the markets participants and watch the shit movin. The level is not only validated by the past. The "right now" matters too. Feel the emotions of people at a specific time and place. Im pretty sure you will see this as crap but I dont give a shit. Im way beyond useless feelins
Trade what you see
  • #363
  • Jun 27, 4:05pm (22 hr ago) Jun 27, 4:05pm (22 hr ago)
Please feel free to disagree. I would never take it personally. I understand your point of view. It’s just that my management style is what makes me feel comfortable. I’m not saying it’s the best, the most efficient, or the most profitable. It’s simply where I’ve landed after years of trial and error. Fitting your management style to your investor personality is the hardest part of all, because it requires deep self-reflection and a psychological understanding of who you are and how much control you can handle.
In response to your question about greed, I think I already answered that in a previous post about the 'gumps'. If you only focus on the thousands, hundreds, or millions of dollars slipping away in each session, you're losing sight of what truly matters in this business: keeping control. It's just like a company. You can't build a lucrative, long-lasting business if you aren't in control of it.
Honestly, every opinion is always valuable, and I don't want you to think otherwise of me." I love free thinking and critical attitude. Dont lose It. Dont let it become a weakness but a weapon of your personal armo buddy
Trade what you see
  • #364
  • Jun 27, 6:18pm (20 hr ago) Jun 27, 6:18pm (20 hr ago)
hi ghbdr
I'm watching your videos and learning lots from them. The way you use the horizontal lines is illuminating too. Sheds light on how you see support & resistance, and the important wicks, etc...

I really like the fact that the lines you use tell you the distance from current price.
Is that an indicator that I can easily find? I reckon it would be great to add to my dancewick template.

Many thanks
We don't see things as they are - we see things as we are.
  • #365
  • Jun 28, 5:11am (9 hr ago) Jun 28, 5:11am (9 hr ago)
Quoting sonicvista12
hi ghbdr I'm watching your videos and learning lots from them. The way you use the horizontal lines is illuminating too. Sheds light on how you see support & resistance, and the important wicks, etc... I really like the fact that the lines you use tell you the distance from current price. Is that an indicator that I can easily find? I reckon it would be great to add to my dancewick template. Many thanks
Im on a trip.Tomorrow I will share the indi. Watchin now Next week posible sell spots
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Trade what you see
  • #366
  • Last Post: Jun 28, 9:29am (5 hr ago) Jun 28, 9:29am (5 hr ago)
Thanks for the interesting thread ghbdr a couple people refer to videos about the methods in here. Can somebody direct me to them please?
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