Are you just surviving like a bird inside the cage called INDICATORS, LEVELS & PATTERNS or are you soaring high by BREAKING FREE from them? Show the intraday chart without any indicators to a 10 years old kid who will tell you when to enter and when to exit the trade. Be like a CURIOUS CHILD. Break free from the cage and fly high like a bird. See yourself as a LEGITIMATE BUSINESS MAN. To know more about business mindset and intraday psychology please feel free to click... https://www.elitetrader.com/et/threads/intraday-psychology-for-successs.374820/
A True Story My friend gave voluntary retirement from an industrial job and received a big settlement amount with which he rented a small office and started trading in it on commodities. One of his friends who was a driver occasionally join him and trade in same commodity sitting very next to my friend. Both have same setup (indicators) on screen. Both have same strategy. But the driver makes profits comfortably while my friend struggled a lot to make profits. Moral of the story? You may think you are making profits just because of the strategy you learnt from somewhere or someone. In reality you are making profits because you are creative. In other words making money is an art. Trading is a business. Business is a blend of art and science.
Rajesheck, sometimes I get the impression you're involved in some kind of school report. What's your objective in asking traders questions concerning other traders? Let's be honest, I doubt traders really give that much time, thought and resources to what other traders are doing. Each trader is trying to make money in the markets. Trading coaches might give such things consideration, but time spent on why other traders do anything is not productive and a waste of time. Traders spend time on themselves, seeking to improve and reach the next level. Also, are you a trader, do you trade anything?
Can I ask you a question? What is the purpose of Elite Trader forum? The purpose is exactly OPPOSITE of what you said, right? I trade options on Index.
In your estimation this Forum is for what? Are you smart enough to realize , just maybe you're far from what this Forum is about by the majority of responses you get from other traders? I have never made a trade wondering what the other side of my trade is thinking, or whether or not he's using indicators, trading bots, or voodoo..LOL
Well now, it appears I've touched a soft spot. Be aware, that Irrational emotions will not serve you well in the trading space. It's not my intention to provoke you, so I'll leave you alone after this post. This was your query The answer from anyone would be both subjective and innocuous, and kind of meaningless. Also, the maieutic method does not work with me. Good luck with your options.