You are betting on the grounds that you have no clue what you're doing. Making genuine exchanges with genuine cash, paying little respect to the sum, in view of vaporous sources of info, for example, markers and value activity is the outright peak of craziness. Having said that, about everybody on this site supposes they are 'trading'... simply take a gander at the boneheads on the ES diary who put genuine, live cash on the most blockhead numerical ideas that are to a great extent superfluous to the working of the market. They are gun grain, not all that much. Try not to misunderstand me however, it's enjoyable to watch!
that is what I have found out... however maybe that is the place to learn.....I am coming to the conclusion that unless you can understand momentum perfectly you will make wrong trades....two legs when bull and bear take turns at controlling the market.. forex like most markets are difficult
I think you have no idea what I want to do.....or trying to do. I am learning a hell of a lot. and those like themickey who trades forex knows how the forexmarket is predatory and manipulated. that said that should make it possible to turn tables on them and become the hunter ,the predator rather than the prey. far from easy to do but persistence is the key to success I am putting all this in the public domain so that others can take what they want from it. and I learn a lot from the comments as well
while big up bars up and big bars down are associated with high momentum I am wondering if that is always so. in a range momentum occurs at the extremes of the range. everything in trading is very tricky.
I believe trading every sort of market is the key to learning to trade. if you do this expect plenty of losses but if you keep trading the educational benefits are quite satisfying.do not lose more than you can afford to
it is critical to understand channels because unless the trend is very strong it will be a channel which may be very tight...this has to be noted.
I don't care too much about learning, well not as an occupation. I care about making money the simplest, quickest and safest way possible. I trade stocks, some say that's difficult, for me it is the simplest as it has rules which are not that difficult.
sometimes there will e up channel and a down channel both in the same swing down...this may seem impossible but unless you see it the movements of the market wil seem nonsensical and bizarre, in reality they are simple if you apply the channel behavior: breakouts will come back into the channel