A Volatility Trigger can be anything you want it to be, as long as it contains:
a) High probability for swing
b) High probability for continued momentum (magnitude)
There is nothing else needed other than a line on a chart and some attentiveness to your Swaps. You could care less about Direction. Why take the risk? Why take the physical and psychological stress and strain?
If the market reverses back through my line, oh well. If that's the way the market wants to go - let it. I don't care. Sooner or later, as long as I have nailed down "A" and "B" above, then the market will have to move away from my line.
At some point, there will be the temptation to predict Direction during the Swap Sequence. Don't be sucked into that lure. Stick to the Swap Sequence and determine for yourself how many pips are necessary each day to make yourself a profitable trader. No one can answer that question for you.
Learn to Defend your Line. That's time well spent in this business. Stay away from cottage cheese market events with no Swing potential and no Magnitude potential.
A 12 year old can do this. I'm just so bewildered that it took me 10+ years to figure this out. LOL - I keep laughing at myself!
******************************************************
To all Line Traders who came before me:
I applaud you for getting down to the simplicity of trading and for having the courage to keep your hand in the Box, when all else says pull out.
It is so simple, that I should be slapped upside my own head for not figuring this out years ago.
Kudos, to all Line Traders!
Signed,
Line In Sand
a) High probability for swing
b) High probability for continued momentum (magnitude)
There is nothing else needed other than a line on a chart and some attentiveness to your Swaps. You could care less about Direction. Why take the risk? Why take the physical and psychological stress and strain?
If the market reverses back through my line, oh well. If that's the way the market wants to go - let it. I don't care. Sooner or later, as long as I have nailed down "A" and "B" above, then the market will have to move away from my line.
At some point, there will be the temptation to predict Direction during the Swap Sequence. Don't be sucked into that lure. Stick to the Swap Sequence and determine for yourself how many pips are necessary each day to make yourself a profitable trader. No one can answer that question for you.
Learn to Defend your Line. That's time well spent in this business. Stay away from cottage cheese market events with no Swing potential and no Magnitude potential.
A 12 year old can do this. I'm just so bewildered that it took me 10+ years to figure this out. LOL - I keep laughing at myself!
******************************************************
To all Line Traders who came before me:
I applaud you for getting down to the simplicity of trading and for having the courage to keep your hand in the Box, when all else says pull out.
It is so simple, that I should be slapped upside my own head for not figuring this out years ago.
Kudos, to all Line Traders!
Signed,
Line In Sand
Y = MX + B. The most important price level of all.