Yes, that is a part of the Price Driver system-- following the big money and how it uses deception is a key factor. Yes, ignoring trends is also part of the system. Untill one can quantify how many moves in one direction increase the odds of the next move being in the same or different direction, I don't get the point of charting past price--- remember, the book is only one factor in the system it is the combination of factors that provides the bias for a sharp move. surf
Yes, in retrospect, your way, or a channel break system without a directional bias when the price drivers say enter would have made short term sense--- but its not over till its over. surf happy new year!
If u really have said YM..why not just swing the position..consider adding on defined spots surely you can take the heat. In any case, I'm long the market and taking the heat..good luck if you are really trading.
Truthfully, I am very nervous at this level. This is a larger drawdown than I expected from this position--- i am going to continue to hold into Wednesday at the least--- believe it or not, the Price Drivers are still heavily bullish slanted----holding here. surf:eek: Chart for illustration purposes only-- note entry level, and current level
There are some blunders you make here surf. Live trading a system without having some kind of prior proof it works / not having a back tested calculated edge Placing a 10 lot while experimenting. Price Drives are 'Subjective'. 'Ignoring trend' on a longer term trading system- that's too funny. Ok, a suggestion re trend, When you entered, the price had already run up a considerable amount - above average on historical norms. Your entry should have been made on a pullback. Your move is characteristic of a Noobs error - impatience. You could be correct on your analysis that price will go to the moon, but your timing is lousy. I / we give you credit for posting on the forum and being more or less open with your thoughts. Whether you learn from the feedback - well that's another story and it's not looking good.