Remember those people, LOL! NoDoji and the others?? They operated stealth businesses on this site for years until they were busted as fakes and vendors--- There was another guy with Price Action who was shamed so bad he was never seen again SLA or something? what was his name?? Years of self delusion to make a buck or two. sad!
very surprised... so that explains why I felt I wasn't really getting anything out of her posts...but who cares, now I can figure out what's the market doing by myself.
My intention is not to throw a wet blanket on anyone's enthusiasm. Having been around the block a few times, I just want to point out a couple things that if there are any new traders here they may need to read. The first thing is to note how easy it is to trade profitably after the fact. That is any of us can look at a chart and demonstrate how we would have traded it to make a lot of money. In real life, whatever that is, we never have that opportunity. The next bar is never known in advance, and the further out we try to project, the greater is the possibility that our projection will be badly off. Every trading book ever published has made use of the hind-sight trade. The techniques demonstrated by the OP are sound, but the example is cherry picked.
Very incorrect about not being able to trade this way in a non trending market. All markets have times of congestion. You can still add and subtract to your position in a bracketed market. Risk needs to be intelligent and have the capability to increase and decrease when it is needed. Trade like this everyday. And no, it is not simple.
This not a cherry picked chart. If you don't understand how to properly trade the market by adding and subtracting in a position properly, don't knock someone that does. It is a learned technique, and yes it need to be done intelligently and with a proper account. We all understand that we do not know what will happen next in the market. Using you funds intelligently and sizing correctly can increase your chances immensely. The purpose here is to show what is possible and have an intelligent conversation that can help others, not bash something that you don't think is possible. Lets share and grow, not just give a negative outlook.
I guess some people neee People who do not trade well should not spend their time bashing others without any knowledge of what they talk about. Its an article to show what is possible if you learn to correctly add and subtract to a position. Just posted for others to start an intelligent conversation. That's all. So if you have something of value about how you trade, please add. Looks like you bashed others that you know nothing of also.
thank you for sharing, there is even more powerful technique. Its hard for people to adopt other methods as one gets older and mature in trading.