YES I AGREE WITH YOU BROTHER. WE REALLY HAVE TO WATCH THIS CANDLE TILL IT FINISH THEN WE DECIDE. todays monthly candle is very important is it will tell us what will happen in the future.
example Cable, has already 1st try rejected 25% 1 5413 however her in similar situation like all ladies, her now approaching last months close and high, if these hold and she drives down, to make a new low, situation will be almost identical to eu although at different all time levels, so yup her monthly close will also be critical
yes, i have seen that too gold and silver for long term will be bull, but we have to wait as will also. if you trading for long term position there you have so many free time to study different chart in larger time frame, then you start to see the pattern how each chart correlated to one to another. and thats how you follow the market to find the true trend inside. which one is strong which one is weak.
I have two other question for you man
First, what is the average leverage you use for your longterm position and who is the broker you use thats allow you to see oil chart. My oil chart in Alpari is very limited, I can see candle for the past 2 years only
I posted this yesterday, not sure if you had the chance to read it, here it goes again:
A Trading Fairy Tale...
"Once upon a time there was an enchanted land called Marketland where a fascinating game called 'The Market was played most days. And the thing about this game was that it would go up or down every day and the players would make bets about the outcome -- very simple game.
But there were complications, which had to do with the fact that all the players in Marketland had opinions about which way the market would go.
And not only opinions:...
Bro is nice story, but although I like to keep trading as simple as possible, this is a little over simplistic.
I an not disagreeing with what your story say, just is too simplistic and trading is anything but simple and easy.
Let me explain, the little girl is partly correct, market is going down he should be selling, or vice versa "however" yes market is going down, but must give consideration to things like very good S&R
Pa could have dropped 1000 pips, and seller would have done well, however, major support near, to keep sell...
I know what you mean Bro.
If she goes nowhere, I go to the restaurant to have my "briasciola".
I know what you mean Bro.
But is it possible that trading is not easy because WE make it difficult?
I think the core of the story lays on the fact that more "academic knowledge" we gain less we profit because we distance ourselves from the real purpose which is making money, instead we feed our ego with numerous theory that have nothing to do with been profitable.
In my view trading is easy, if she goes up I buy when technicality tells me which price is convenient to do so in taking my chances.
If she goes down I do the same in the opposite...
