I agree, 1 min is too fast for manual but since I started with it, I need to finish with it before switching.
Good Morning volpri, Thank you for the detailed response. I appreciate it and agree with what you are saying.
Hello volpri, LOL hahahahahh that is true. The market keeps going up. up up up and away Like the ES, it moves slow, but it grinds up today no matter what.
Today was a SPBL trend. I only had time for 5 trades today. But I will post a chart later explaining them and the SL's etc. Right now have to make a run to town.
well I didn't get a chart posted. will try to post some chart from next weeks trading.. maybe if i have time. Have a good weekend.
I know that definitely there is a reason for most of the movements, especially the huge ones, but it is impossible to know all the reasons, so we shall say they are random!
Yes and no. In many cases you can predict future price movement based on technical side and fundamental one. I would say fundamental side matters in 80% of cases, while the rest 20% goes for technical side. This is how market works, this is how price takes a particular direction and keeps with it until there are many buyers or sellers. If the price reverses, then it makes buyers, for example, close their long orders and open short ones, hence volumes increase and here it is - downtrend.
Imo, Charts are not random in normal trading conditions, But when you introduce major or outside geopolitical news then for a period the charts become momentarily random and unreadable, but after, then revert back to normal tradeable conditions. There is a reason for the waves in the markets, and the candles are painted to produce those waves.