its one of the post by me in someone elses thread.its will tell u what is the diffrent between candle ,bar,line and price action.
click the link.
#91
click the link.
#91
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Dislikedits one of the post by me in someone elses thread.its will tell u what is the diffrent between candle ,bar,line and price action.
click the link.
#91Ignored
Dislikedok guys
i no lots of u are waiting for this post.
see all the charts and give big thanks to skeebo for asking that.u can only learn trading by doing practice.
not watching how someone trade.watching is the easy part and anyone can do that.
practice and errors can make u perfect.
be a proper trading comunity member .use the active thread and discuss with each other what u see and what u think.could be fantamental or technical.
i will join sometimes.but i am not a fandamental trader.but if u can thats better.u have another tool in ur arsenal....Ignored
DislikedVery interesting indeed Sho, thanks for posting.
I'm not sure if I completely understand the actions of the instituations though....Ignored
DislikedOkay, so i said i will post something to help people out.
I lot of Sho's method revolves around identifying Impulsive and Corrective moves, and also drawing a lot of lines on charts.
Why don't we make our lives easier?
Have a look:
Here is the normal GBP/JPY H1 chart followed by the same chart with clearer moves. Simply by changing candlesticks to line chart.
Now you can clearly see the moves, without distraction from the different candlestick formations for a moment.
I know it may seem obvious, some of you may or may not be using it....Ignored
Dislikedi am showing this because of u to understand what u can expect from trading.Ignored
Dislikedthis is not my main account.its a taste of my account.and what u can do
why i am showing this because of u to understand what u can expect from trading.
scalping is very hard.
but onece u learn the trading its easy. this is only todays trades in few hours with small lot....Ignored
DislikedLooking at your trades I can see that what I'm probably missing...the intuition of knowing when to pull the plug on a trade.Ignored
DislikedHey Sho,
Excellent results for a few hours at the screen, but I notice that you have placed the same no. of lots on every pair and trade.
What i understand is, you are showing us trade management, which is very very important, but you didnt display any money management.
You have placed trades with stop losses from 5 - 25 pips, telling us that was the amount of pips you were willing to lose on that trade.
But money management also says you are willing to lose UPTO 2% capital per trade, which should be translated into different lot sizes, not...Ignored
DislikedI think that Sho just tried to show us what can be done as a lot of us were struggling with the exits.
At this level off experience I think Sho knows exactly what he is doing.
Ignored
DislikedLet's go back to Sho's example, if you start of with $5000 in your a/c and make $351/day. In 14 days your a/c will be $10000.
If you have $10000 in your a/c why are you still making $351/day and not $702/day?
That's why money management is crucial.
Of course to consistently make $351/day you need to have EXCELLENT TRADE MANAGEMENT SKILLS.Ignored
QuoteDislikedand you take out the money everyday from ur account