Hey All,
There is good reason why one needs to understand market flow and it is very hard to teach by pictures. I've been working on a video presentation from the ground up and it's a lot more work than I thought it would be. I haven't opened a chart for trading since last week.....I take that back, I opened a chart early this morning for a 5mn trade (20 pips) and went back to work...lol.
There is no way for me to completely catch up on the mayhem that has ensued on this place in my absence. It's all good, this is what happens when you get ahead of yourselves though. Most of you are getting comfortable with s/r areas but I see some need more work in that area.
I love the fact that all of you are trying different things, because as you learn more you will say AH HA! Instead of saying ....what? I realize everyone is anxious to get more info, but remember I said back test back test back test? You need to try and trade a month with the correct fib placements, it may only be 5 good fibs or if your really spot on 30-100 fibs.
Maybe trying to get the main fibs in place and correct first. Then retrade the same month and add fibs based on the info you have stored in your brain. You will start to see set ups before they happen.
I miss chatting with all of you, but I can't multi task like my wife and many women can do. The market is the same way, if I'm not focused and in the flow I don't trade.
Figure out what the main trade cycle is doing and fib to it's strong points. (back testing)
I never told anyone to trade live, I know how the mind will screw with you when you have real dollars at risk. You might become more frustrated and mad because you made an error. Worse you may just hang it up and say "I'll never get this stuff". It's the people that fight through that last quote that make it and real money may put some over the edge.
I'm going back to work now. Take care and keep up the good positive banter.
There is good reason why one needs to understand market flow and it is very hard to teach by pictures. I've been working on a video presentation from the ground up and it's a lot more work than I thought it would be. I haven't opened a chart for trading since last week.....I take that back, I opened a chart early this morning for a 5mn trade (20 pips) and went back to work...lol.
There is no way for me to completely catch up on the mayhem that has ensued on this place in my absence. It's all good, this is what happens when you get ahead of yourselves though. Most of you are getting comfortable with s/r areas but I see some need more work in that area.
I love the fact that all of you are trying different things, because as you learn more you will say AH HA! Instead of saying ....what? I realize everyone is anxious to get more info, but remember I said back test back test back test? You need to try and trade a month with the correct fib placements, it may only be 5 good fibs or if your really spot on 30-100 fibs.
Maybe trying to get the main fibs in place and correct first. Then retrade the same month and add fibs based on the info you have stored in your brain. You will start to see set ups before they happen.
I miss chatting with all of you, but I can't multi task like my wife and many women can do. The market is the same way, if I'm not focused and in the flow I don't trade.
Figure out what the main trade cycle is doing and fib to it's strong points. (back testing)
I never told anyone to trade live, I know how the mind will screw with you when you have real dollars at risk. You might become more frustrated and mad because you made an error. Worse you may just hang it up and say "I'll never get this stuff". It's the people that fight through that last quote that make it and real money may put some over the edge.
I'm going back to work now. Take care and keep up the good positive banter.
Robonacci com