Charts are limited in nature. The market does not hide, it can not hide.
Fozzy Chat Room 7 replies
DislikedAlrighty,
Im going to reocmmend Al Brooks reading price charts bar by bar to you,
Sufficiently answered?Ignored
DislikedI have started reading this book. It has surely had an impact on my trading Took me forever to make it through the first chapter, but far worth it. Are their any other books you would recommend, Orbital?Ignored
Dislikedalso in some webinars, sam seiden said that we are better to take a Rally Base Drop or Drop Base Rally area...
like this
http://uploadpic.org/storage/2011/th...BQfgKmknnk.jpg (http://uploadpic.org/v.php?img=0frXcrEoUD)
but sometime a Rally Base Rally or Drop Base Drop is a good area too..
http://uploadpic.org/storage/2011/th...oLbHBb7mzs.jpg (http://uploadpic.org/v.php?img=ZzdDTA4XCp)
what are your comments about this, brothers?
I'm curious
maybe Mr. If, Kenny...Ignored
DislikedI have started reading this book. It has surely had an impact on my trading Took me forever to make it through the first chapter, but far worth it. Are their any other books you would recommend, Orbital?Ignored
DislikedI would DEFINITELY recommend this one. I am pretty sure Alex would agree as he was one of the characters in a previous life.
http://www.amazon.com/Philosophy-Boudoir-Immoral-Mentors-Classics/dp/0143039016Ignored
DislikedIndeed. There really is no explanation apart from the fact that the "Rally Base Rally or Drop Base Drop zones are more aggressive trades whereas the Rally Base Drop or Drop Base Rally zones are more conservative trades". Both can still fail and both can work a treat. Therefore, you need to find the style of trading that suits you, develop your rules based on your chosen style and stick to them. I think over time, you will find the above statement to be right. Good luck and don't forget that curiosity killed the catIgnored
Dislikedalso, re RBR and DBD i noticed that consistently the ones that work, they happen at very edge of a larger timescale level.. and edge of conventional large scale sr flips
so this tiny base happens to be at the exiting edge of large level, just that can't see that laaaarge scale level (or sr flip) because current chart is way zoomed inIgnored
DislikedI would DEFINITELY recommend this one. I am pretty sure Alex would agree as he was one of the characters in a previous life.
http://www.amazon.com/Philosophy-Boudoir-Immoral-Mentors-Classics/dp/0143039016Ignored
Disliked@KennyZ
...Can you show as some bad trades ...we can learn from them too
thanksIgnored