Rewind Back 15 Years

Discussion in 'Journals' started by padutrader, May 1, 2019.

  1. padutrader

    padutrader

    good point trade and forget
     
    #641     May 21, 2019
    themickey likes this.
  2. padutrader

    padutrader

    stop triggered
     
    #642     May 21, 2019
  3. Remember, everyone sees the same support you do. I can bet some study of FX will show that price will hit support twice and not the third time most of the time.
     
    #643     May 21, 2019
  4. padutrader

    padutrader

    see I too notice a lot of these things.
    the problem is ...we have to make money out of this knowledge.
     
    #644     May 21, 2019
  5. padutrader

    padutrader

    notice this

    a fast move will hit resistance faster...

    .a slow move will hit it later......

    because of time..can you see it? on a chart?
     
    Last edited: May 21, 2019
    #645     May 21, 2019
  6. padutrader

    padutrader

    see a lot of this is like seeing a mirage...try to grab it disappears
     
    #646     May 21, 2019
  7. padutrader

    padutrader

    so what does that tell you?
    always buy the second hit-never the first....but how far will it go up? till it hits the resistance a second time....this is what Al said.....market will try to up two attempts and down two attempts.

    do not question me on this.... figure it out....I have given hints
     
    Last edited: May 21, 2019
    #647     May 21, 2019
  8. IMO, you have to PREDICT where the first or second support will be and if you're wrong, take your loss quick. All you have to do is be right more than wrong to break even, and then you can tweak that to be a winning strategy.
     
    #648     May 21, 2019
    padutrader likes this.
  9. padutrader

    padutrader

    I am working on it...but I am 62years old energy crisis

    but it is costly ...may be shift to demo./sim for a few days.

    that way can concentrate on the theory without losing money
     
    Last edited: May 21, 2019
    #649     May 21, 2019
    themickey and nooby_mcnoob like this.
  10. padutrader

    padutrader

    there is something Al did not write in his book...something he left for us to figure out
     
    Last edited: May 21, 2019
    #650     May 21, 2019