Price Action Journal V1.5

Discussion in 'Journals' started by TraderKaizen, Aug 14, 2008.

  1. There was a link I saw awhile back that described statistics on market behavior. Going from memory, the market breaks out and trends around 33% of the time.. Which means most of the time its chop.
    Also remember that most traders lose money (b/c they are trading the sexy breakout, etc)

    So why not look at long term S/R and fade that? Trade that on a simulator, and see if it doesnt make more sense.
     
    #961     Mar 1, 2011