What do you focus on in price actions?

Discussion in 'Technical Analysis' started by Amatrue, Sep 15, 2020.

  1. Thank you Volpri,

    I agree on the dynamic PA decision making after entry. Yes you make excellent sense.

    However, lately (well 95% of the time), I am slave to my projections. I been keeping my Risk = reward regardless of the PA dynamics after entering the trade. I do this as a way to gain more PA experience for now. And Always seek to re-enter a trade after exit with loss or win. I know Brooks says to always aim for higher than 1RR, buttttt, taking more trades and aiming at high win rate gives me more trade experience for now. I do measure how far the trade went in my favor once I exited.

    Adjust the PT (red dot) after the 7 bull bars buying pressure was good logical reasoning to adjust PT to a higher R:R.

    Dynamic rules. I recall about this time last year, I was using hard 20 tick stop loss regardless of PA dynamic. Well, after getting about 7 losses in a roll over 1 day span, I quickly change that behavior.

    We must read and adjust to PA. PA will never adjust to what we want.
     
    #21     Sep 16, 2020