Discussion in 'Psychology' started by Kovacs, May 27, 2009.
Myself: balancing patience and care with doing it.
Being able to recognise the difference between a meaningful move and normal market noise/chop.
is volume a big (the biggest?) part of the difference between a move and chop?
Cutten, how do you recognize that? I look for volume behind the moves, but are there other things to look for?
This has been so hard for me.
I have learned to cut losses very early.
But dang... it's so hard to let profits run...
A meaningful move on a daily chart is found too often.
Normal market noise/chop on a daily chart = some meaningful moves on an intraday chart (e.g. 5-min, 1-min).
Normal market noise/chop on a 1-min chart = some meaningful micromoves on a 42 tick chart.
In general: market noise/chop in a higher time-frame can be meaningful moves in a lower time-frame.
So... pick your trading time-frame and compare to the backdrop higher time-frame.
The password to the Fed's computer.
The simulator, hopefully.....
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