This could happen.... But what else could also happen..., price B/O - and never looks back price B/O - then reverse hard price B/O - stops..., then fiddle farts around for awhile =============== Thinking kills traders RN
Ok. Then I'll leave the breakdowns and failures out of it. My set-up will assume continuation of the trend, enter long in a pullback to said TL, stop under higher low/and break of demand line. Target always different, but essentially break of demand line.
Well hopefully those actions line up. And damnit I really wanted to ask you about many traders here...Oh well
Dammit never assume anything (feel like I'm talking to a wall) Traders never assume anything - other than - this trade could breakdown PB entries are some of the lowest risk entries - nothing wrong with that The challenge..., will be entering - when your senses are screaming not to Quiet them..., and listen to price RN
Really?!? I thought with-trend moves always have a higher-probability then counter-trend? Why not base a set-up off that probability?
"higher probability" is a bullshit term..., and when trading real time - is also meaningless.., if not detrimental This gig is uncertain - period RN
I'm obviously confused... Price doesn't have to respect lines. I know. What's confusing me, is that if price is in a channel, and has been, and continues to respect those extremes, why can't one trade those extremes? Isn't it more "probable" for price to fluctuate in that channel instead of breaking the channel? PA shows the respect of this line in the signals. Whether or not the outcome is favorable is completely random I know. Or do want me to see how there is no probable outcome in a single trade? I only take my set-up. Entry, SL, Target, WRR? I'm trying hard to understand you.
I know you're confused I think as a trader - you don't ..., yet (and some never do) Stay on task and focused - you need to do exactly what I outlined (a few pages back) Please do not deviate as it'll only prolong the process The thinking part will come afterward - when you can appreciate why And don't worry - it won't be any easier now..., or later..., the why will just be clearer Ask Jas or Slugar about this part please ============== Can price be traded - when it in a channel and respecting it - hell yes And if you want that to be your one set up - then go for it fact - price is constantly being work both vertically.., and diagonally Pick 1 set up - it really doesn't matter which =========== Or do want me to see how there is no probable outcome in a single trade? I only take my set-up. Entry, SL, Target, WRR? yes.., and yes ======================= Here's a classic dialogue to have with yourself Hot damn - this setup has a 99.5% probability of working..., I'll trade it I'm losing money - but wait..., back testing shows - this setup has a 99.5% probability of working Now I'm losing more money - what the hell..., this setup should have a 99.5% probability of working Dammit now I'm losing even more money - this damn setup is supposed to have a 99.5% probability of working Fuck I blew out my account - and fuck that 99.5% Pick any probability - it'll end up the same I just hope you never have this dialogue (and hope as a technique sucks) RN
I'm doing what you outlined. "1.) Journal what you've been going through - separate out each issue - work to identify the root cause - then fix it 2.) Create a simple.., concise methodology / approach (1 set up only) 3.) Get back on sim (no since pissing money away) 4.) Trade that 1 set up - consistently - come hell or high water 5.) For each trade - create a trading plan (around that 1 set up..., for the current PA...., and for each trade) - then follow that plan to the letter till that trade is exited WRR" SIM comes back Monday, and I'll have my set-up chosen by Sunday night. I continue to journal and am in the douglas book. I'm following Slugar thread. Just found Jas. I'll ask them about the choosing a set-up/journaling part of the journey. That's a great dialogue and too don't wish that. I'm trying hard to stay on track. I apologize if I seem all over the place. 1.) Journal 2.) One simple consistent set-up -- not it's failures etc.. 3.) SIM it (I'll create individual trade plans here) 4-5) After consistency in SIM.