Romancing the Price

You don't want to let a winner become a loser

But you also need to give it a chance to work

I set sl to BE after first test, not before

Still a little early, but keeping my first sentence in mind

You can always get in again

and again

Woke up a bit late to catch all of this

just a lil refresher..

“Four Stages for Learning Any New Skill”


1. Unconscious incompetence
You don't even know what you don't know.

The individual does not understand or know how to do something and does not necessarily recognize the deficit. They may deny the usefulness of the skill. The individual must recognise their own incompetence, and the value of the new skill, before moving on to the next stage. The length of time an individual spends in this stage depends on the strength of the stimulus to learn.


2. Conscious incompetence
You are painfully aware what is difficult for you.

Though the individual does not understand or know how to do something, he or she does recognize the deficit, as well as the value of a new skill in addressing the deficit. The making of mistakes can be integral to the learning process at this stage.


3. Conscious competence
You are able to do the thing but still doing it the hard way.

The individual understands or knows how to do something. However, demonstrating the skill or knowledge requires concentration. It may be broken down into steps, and there is heavy conscious involvement in executing the new skill.

4. Unconscious competence
What was difficult becomes automatic.

The individual has had so much practice with a skill that it has become "second nature" and can be performed easily. As a result, the skill can be performed while executing another task. The individual may be able to teach it to others, depending upon how and when it was learned.

Source: mainly Wikipedia

enjoyed the round-trip ecad trades today..

we love that your still here

Here's something I posted in the chatroom:

It should be one of my final lessons on FF.

So here's what we look for on the charts:

General: HTF. Know where price is coming from and going to, and the PA past and present in all the TFs, from the Monthly down.

Specific: At the zones you want to trade, look to

Past. study the zone in all TFs, down to M1
ask yourself
Where were the decisions made? Clean S/D? Mark these lines. No clean S/D? - compressed zone
Did price really shoot away form the zone, or did it cp away?
Did the zone itself react at the right place? Look beyond the zone further into the past. See what it reacted to. Was there a better S/D nearby that price wants to visit? This explains many fakeouts.

Present.
Approach.
How is price returning to the zone?
Where's the nearest flag in the TF you want to trade? This is your tg1 in this TF. Flags in the LTFs? What does PA tell you?
Has price tested the last flag on approach? (good sign)
Has price compressed into the zone in this TF or LTFs? (good sign)
Is there big news on the way? Has there just been big news?

Reaction
In LTF, does price react violently to the first decision point? Does it quickly engulf the nearest S/D? (good sign)
Does price simply CP away? Maybe it wants to go to the next decision point
If the first decision point breaks, watch the signs on approach to the next, and, of course, reaction.



Chew this over for now. Apply it to your chart history. Apply it to as many failed setups as successful ones. Millions of them if possible! Capture and file them all. This will help make it instinctive
__________________

Just a chart dump.

I had found these videos on SD trend trading. Really worth a watch IMO.

Thx Tyoon.. will add them to resources website..

AUDUSD swing trade closed recently..



ps/. as you can see there are 2 short entries.. just tried to utilize extra pips but in essence it's one

nice one Kenny...

mind to share the pivot indicator?

kind regards,
Jonas

thx...

sure.. here you go.. mine is set to not to use sunday data

a pretty chart to look at.. at least for me..

got most of the ucdcad and some other cad pairs...

some levels, lines and fibs..

$ index as of now.. risk is still off...

beauty of chart

yep, she is a candidate for the world beauty contest...

almost 3 weeks ride of ol tart for 740+ pips..




my first entry looked bit of a risky and the reason wasn't that strong either.. however it wasn't a scalp trade.. swing was in mind.. see weekly below

levels, lines and fibs on cable daily