DislikedHi Canni,
One aspect of the method that had confused me previously was "When does a pullback become a swing in itself"?
Thanks for what you wrote "if it goes lower its not a pullback, its a new swing". This has cleared up my confusion and now I know if the pullback is more than 50%, then it is more proper to look at this pullback as being not a pullback but a swing.
I have another question: "Where is the start of a pullback"?
[color=black][font=Verdana]Let me illustrate my question by referring to following chart that Feb2865...Ignored
blueskie,
I gave a full explanation to your questions in your pm reply, I am not sure if you read it but here is short summery.
To identify a pullback you need to see a dip, a bearish bar atleast , bar 2-5 you dont see that but later on you see a clear dip.
Now, my humbult advise,
Do not get so hung up on the details, it slows down your thinking process which it will lead to missing the bus consistently or entering late.
when you get in a trade that goes wrong, either you miss read things or market fooled you and you end up with a loss... so what... big deal... excapet the mistake or being fooled, (by the way I get fooled many times by market, but i get'em back by being the first one in line again) simply cut the loser short.. take it as a good practise and look for the next opportunity, the best way to fight back is to keep testing the water when you do see it.. enteries are a way to test the market, have no other expectation.
Also keep a daily loss limit in you agenda.
I hope it helps this time.
.
. [I am not sure what happened. Could it have something to do with the FF PM delivery system?] If you still have a copy of your reply, hope you could consider PM it to me again. Thanks!
