Hard to find levels intraday. We've made a weak high at 3130 Which is a shy lower high from 3140 We've retraced around 50% (3125) of the ATH downtrend. Are we going to retrace 50% (3000) of the upward retracement ? Tough to find target intraday. But I still got wider ones.
Jigsaw is order flow, volume analysis intensive. Guess there is kind of a learning curve. I believe it's a bit too much. They have good educational material. And if it gives you an edge then it's worth paying for. Market is driven by supply and demand for sure. But simple rules can lead to complex behavior. Market are kind of chaotic. Reflexive. Feedback loops here and there. The game is changing for sure. But I believe one can be profitable without Jigsaw. Know ... If they do give an edge then Perfect ! Give it a try. Get some signals, try some strategies and see. Yup, time is flying by. I don't want to sell anything. All I can do is give freely what I'm willing to share. If you have any specific problem, Don't bother to ask here.
Everyone wants to short. Same for me at POC We're likely to go @ 3000 and retest 2975 #1 EDIT Filled at POC TP 3020 Upside Risk 3200
Understood. As someone still learning, do you have any recommendations on resources or materials to learn to trade like yourself? I have tried watching videos but I don't know which ones are good. I am interested to know what material you looked at to trade the way you do.
Today I've traded like sh*t Sold @ 56 then covered with tiny profits. Then I scalped some ticks. Then I sold the low @ 45 to buy back @ 60 .... It's by erring that you mostly learn. Practice, reflect, debug. I am just trying to buy low, sell high. Try not to lose first, close position on pull back. Instead of taking +15 loss price retraced to +2 loss but I didn't take it. Better safe than sorry. Didn't follow my principle today. It's more common sense, statistics and probability. Get experience, remove what's foolish. Remove what's average. Keep the good. Keep mistake cheap.
Stuff I’d advise reading is more philosophical. Schwager’s Wizards. Taleb’s Incerto. Thorp’s books. Maybe read @Handle123
Also basic price action. Highs. Lows. Ranges. Percentages. Ratios. Simple trends is usually AaAaA Retracement is AaA Stuff like that ... Market are fractal. The misbehavior of markets’s by Mandelbrot. Not the fractal pattern you see out there. One of my “Indicator” is based on it. It’s simple. It’s not magic. But it’s useful. Useful with its limitations of course. Not perfect. Stuff like elliott waves are also cute.
Problem with education is it's theoretical. There is a huge gap between theory and practice. And I think it's where most traders do fail. They can't cope with errors, uncertainty, wilderness. Best education is apprenticeship. 80% practice. 20% theory. And most often the practitioner will tell theory is bullshit. Because course are given by "intellectual". Not practitioners. It takes an experimented eye to recognize a peculiar situation. Guess it's like being a Sherlock Holmes. It takes practice to become one.
Eventually made a good trade. Sold @ 73. Bought @ 55. I've been stupid 1. to close 1st short at a loss while we went 16pts lower. ... Could have been avoided. 2. to buy the bottom @ 45 and not taking benign loss on retrace LMAO ... Loss could have been shortened. Points per contract distribution (Made a new bigger loss point wise)