DislikedHey All, Just noticed here that some of the members satisfied with having Net Profit. A few words from my side. (i) Just considering the Net Profit will most of the times bring havoc. a losses storm. We should be concerned with No. Of Losses. We all should focus on how to reduce (a) No. of Trades taken (b) How many went in Loss. Taking more than 10 trades in a day , is over-trading in the bible of experienced trader. (ii) When to Enter in a trade is an Easy Part. What should be the SL or TP is the most difficult part. To be true, When going with...Ignored
in my view the purpose of support resistance is to replace the notion of daily open as the line in the sand.. it is meaningless to rely heavily on the daily open in my opinion. supply and demand lines are more reliable. if you are going to define a direction based on something...a line in the sand so to speak.... you can't beat the line chart humps...i.e supply demand...it's really that simple.
2 cents