Hi there,
just want to share my experience after trying all the advice I got from you. Generally said, if i did all my trades opposite way (instead of buy I sell and vice versa) I would be quite successful trader DD But that gives me a hope - if I able to loose the money, the same way I can earn them - if I decide correctly. For now I'm playing with demo account, so not big deal, but I try to keep it as much realistic as possible (leverage, money on account, time to trade, ...).
To make it simple for learning all the range bars charts I use are M7 with 7pips candles
I recognize my biggest problems:
1. I'm always confused if the point I want to enter is turning point of trend or pullback in the continuing trend
and then the result
2. Many times there are support/resistance/sweet spots levels just near the entry point, so I cannot decide if i go for it (and believe it will go through) or not. If I decide NOT to go, then I see hardly 1-2 entry points a day on my M7 range bars
and then the result
3. Sometimes the clives method with LWMA 10 is just opposite from LWMA 35+175 and I don't know which is to believe.
When looking backwards to history, I can clearly see the points where I should enter, because it is really clear. But in the time of decision, I just do wrong decisions. Of course it is about training to see the right things. As well I understand that not all the entries are perfect and successful.
Any comment is very welcomed.
just want to share my experience after trying all the advice I got from you. Generally said, if i did all my trades opposite way (instead of buy I sell and vice versa) I would be quite successful trader DD But that gives me a hope - if I able to loose the money, the same way I can earn them - if I decide correctly. For now I'm playing with demo account, so not big deal, but I try to keep it as much realistic as possible (leverage, money on account, time to trade, ...).
To make it simple for learning all the range bars charts I use are M7 with 7pips candles
I recognize my biggest problems:
1. I'm always confused if the point I want to enter is turning point of trend or pullback in the continuing trend
and then the result
2. Many times there are support/resistance/sweet spots levels just near the entry point, so I cannot decide if i go for it (and believe it will go through) or not. If I decide NOT to go, then I see hardly 1-2 entry points a day on my M7 range bars
and then the result
3. Sometimes the clives method with LWMA 10 is just opposite from LWMA 35+175 and I don't know which is to believe.
When looking backwards to history, I can clearly see the points where I should enter, because it is really clear. But in the time of decision, I just do wrong decisions. Of course it is about training to see the right things. As well I understand that not all the entries are perfect and successful.
Any comment is very welcomed.