Going on this chart alone and without the benefit of context: why would you think of selling here? The trend is clearly up. Perhaps there is...
Same as the last three "end of the world events" go short. Probably several times. Trading those things is never pretty. Bit like making hot dogs.
Look for decreasing momentum. Measure the distance between consecutive highs. You are looking for a significant decease. Exit on the next high (if...
Yes, I suppose that's a plan of sorts. Very flexible and loosely held. From conversations I've had with beginning traders they tend to have plans...
Oops, you were first:if you think mine is too close to yours I'll change it. Let me know.
Maybe I should clarify: I don't have a detailed plan because neither does the market. In my opinion having a plan only locks you into course of...
I suppose I fit the definition of a discretionary trader. So if you are asking how I avoid losses the answer is that I don't. I can't tell you my...
Do you mean bad fills; or you thought it was going down and it went up?
I didn't realize you were talking about daily bars. I'm describing trading With bars of 4hr 15m 5m 1m and 5sec. Totally different environment....
An experienced trader can handle all those markets, with the caveat that the "dead" market has to be moving a little, say 3 times the spread plus...
Then why the question?
To identify interesting areas that are way to the left of your main working charts. There's some good stuff out there that you need to know about.
It's all I've ever done for the past 35 years. A casual look at any actively traded market should illustrate the point. It's impossible to back...
I'm doing the same size. I've increased my stop 50%.
A lot of large funds trade on the open. This can cause volatility that is difficult to make sense off. So unless there is something very specific...
That's what counts.
Neither of these two charts need stops >1%. Stop reading trading books and figure it out for yourselves. With regards to the first chart, and with...
There are two white lines on the other chart. The red line is exactly half way between them. So it is likely that the white lines come from a high...
It's a 50% SR level from something to the left of the chart.
No, I only talk in generalities on here.
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