Another common denominator was/is: Averaging down in the hands of an inexperienced trader, a recipe for disaster. Averaging down in the...
Ive been in a few prop firms, those who were consistenly profitable had one common denominator, averaging down.
We think different, It lies all the time, I particularly love it when I catch it lying against the predominant trend, it does wonderful moves when...
Never said it can be wrong, just said it may lie.
Ever seen a strong close, followed by a strong gap down ? Price will be the first one to lie of its IMMEDIATE intentions.
Of course there are variations, but that's because "always" does not exist in the markets.
Jack, As a courtesy to a man of mature age, you must value your time left, therefore, I feel obligated to tell you, I do not read your posts.
I don't agree with how he trades but if he got the top, it merits accolades, don't you think ?
Disagree, if you can identify both correctly, the failure of one is the confirmation of the other.
RM, Little stronger short now as I liked some of the levels ADT hit yesterday and its price action today. Mixed the puts a bit to compare...
Funny enough I'm witnessing market turns as we speak, if these are indeed the highs for a while, and we do get the expected hard drop, I will be...
Guaranteed ? Are you suggesting leverage on shorts ? If there is one thing Ive truly learned in the markets is that there are no guarantees,...
When the picture is not ultra clear, staying on the sidelines does wonders.
You cannot assume a larger timeframe or fractal trend can boss a counter smaller timeframe or fractal trend. Breakouts will occur when one of...
Imho, trend is very important, because once it its defined, unless such trend has opposing trend forces (from other timeframes or fractals)...
Used the term fractal because if one is using tick charts or range or constant volume based bars, the word timeframe, is not appropriate....
Precisely, but waiting for one fractal to fail in order to get trend alignment is always an option.
Thank you for sharing your wisdom, could you please post an example of what you consider a logical and safe counter-trade in your eyes? I tend to...
I enjoy reading trader's psychology in public forums, not just this one, but others across "The Net". Watching how traders think and act,...
You need a convincing signal to trade, otherwise you risk running into chop. Price dancing up and down the previous close. It is not easy at...
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