Disliked{quote}Do you All learned it from reading "Master The Market V3 by Tom Williams" from video courses by TG?? {image}Ignored
Yes I have read MTM and Tom's other books but I have also read many other trading books. Spent countless hours on forums pulling bits of knowledge from everything I read. I have watched most of the TG YouTube video's once again only pulling out the good bits and ignoring the sales pitches.
The biggest thing is the thousands of hours sitting in front of the charts live and going back through history studying everything I could about past and present PA. While the ranges on most pairs today don't compare to what we saw years ago the basic structure and movements do remain the same. We have buyers, we have sellers... they come together to fill each others orders and he with the deepest pockets and the ability to stack their orders at various levels building and army of positions wins... Who has the power and money to take price to a level fill some orders, let price move away, force price back to the same level fill more orders, let price move away, force price back to the same level etc... eventually they have filled enough orders and cleared the path and price goes up or down breaking the range and we start again.
It is not easy but it is possible with effort. Eventually a light will go off and you will start to see the charts with a fresh set of eyes. You will start to see what the SM are doing while they are doing it rather than after. Entry, target and SL locations will become so obvious you will wonder how you ever missed them before.
Time, effort, perserverence mixed together with a whole lot of patience are the keys to success in this business.
Don't chase trades, you will get run over like a dog barking at a moving tire as the cars drive by. You need to be in the car with the SM, not chasing after them. If the car is moving we need to wait until it pauses at a stop light so we can get in. The car may not stop it may hit all green lights and carry on without us. If that happens we simply wait for the next car.
Chasing trades for fear of missing is forcing things... forced trades are generated by fear which causes doubt. There should be no doubt about ones decision when a trade is entered. We may be wrong, we may be early but there should be no doubt.
Today's zone = Tomorrow's opportunity!
not sure where is the problem may be missing some thing and lack of discipline and patience..
still holding. Bar after B was No supply. so i placed my order below the down bar before No Demand (Bar B) and it activated. {image}
.... Screen time.. Screen time... Trade log.. be very specific. Are you willing to put in the time..?? Set your goal for 1 year worth of trades. Do the homework..were most will not. You can succeed, it can be done. Once you reach the 1 year mark.. do not quite the Trade Log..keep it for the rest of you trading career.
