Recent content by Mysteron

Risk is ever present. You can't possibly know for certain that a future target price will occur before a large drawdown, and possibly unsustainable too unless you have deep pockets. Even if price does come back, riding out a large draw down has an opportunity cost.

Sounds like spotting an opportunity and then getting the timing right, but apparently opportunity isn't it from what was previously said.

I rather thought that the pre-requisite was *opportunity* and that everything else was an ellaboration on that.

The question was rhetorical!

What could OP mean? Surely OPportunity, theres no need to complicate things!

Or even wait until Jul 6th and open a short prior to the 10am (NY time) ISM Services PMI report, which according to the calendar that I look at was flagged as a high impact event https://www.forexfactory.com/calendar On the other hand if the reported value had been >64 then price may well have...

Congratulations Some obvious points: wait for an opportunity, no pain no gain, don't paint yourself into a corner - leave room to manoeuvre, be prepared to trade the bounce

So for your current trade this begs the obvious question: "Why is The Obvious Not So Obvious" In a failing trade one way of trying to gain is to increase postion size to put the break even price within the likely price range for the near future. Doing that repeatedly though can eventually...

S/R and levels, this battle scene comes to mind:

Hierarchies and dominance within societies?

and don't be a sitting duck

You have indeed provided insights and sufficient explanations for how to trade the MES. In fact you have given something not asked for, because many who visit this thread are fixated on finding the holy grail 'obvious' and seek certainty of knowing. Discarding the habits and baggage acquired in...

Thats highly unlikely, but any form of trading from price charts is generally based on trying to recognise opportunies from combinations of bars in the context of upcoming events that may cause price to move significantly. For example the 'step response' shape in the box often occurs, with an...

I prefer indices rather than FX. For the broker that I use FXCM and their GER30, SPX500 and US30 are all good and have strong moves. The GER30 is based on the DAX index future and is nice for trading UK am. From UK midday onwards either SPX500 based on E-mini S&P500 future or US30 based on...