A bearish close here and it will be a short for me...
Dislikedexcellent trader's discipline. I like your money management. Keep it up bro, have been watching uIgnored
DislikedGood morning to all
Musashi compliments for operability '. From Monday I will try on the Bund with candles 10tick
How are set your sma???
Thanks ...Ignored
DislikedHi M, Nice to see that your still around and still trading your method. I'm still finding trading difficult at the moment. Cant seem to get many winning trades (vast majority are loosers - price going in the exact opposite direction as my entry order) I tried your Katana method but couldnt get the confrmation stochs to work out. I've been mainly following DarkWolfs method (basically S/R, RN and waiting for price to create pattern e.g. pinbar at those levels) for a while now but still unable to get positive results. Very frustrating but im keeping...Ignored
DislikedStick with those price levels, look at congestion around those areas, and follow the direction of the moving averages. You'll increase your chances of a successful trade if you follow the direction of the intraday move.
Wait for price to move out of a congestion area, then wait for price to come to that region, if it pauses at that level and shows some signs of price reacting to it, then you have some idea on what could potentially happen.
There is no certainty in trading other than that there is no certainty. Try aiming for the next xx00 level...Ignored
DislikedHere's an example of an acutal trade I took using this strategy of waiting for a breakout then observing price after this happened.
I don't need to know what is going to happen, just that i know prices will tend to go to the next xx00 levels once price goes past xx50 and vice versa.Ignored
Dislikedjust a quick question, do you mind explaining how you determine where you entry is and/or what bar patterns you use to indentfy an entry.
Cheers
DanIgnored