Seriously Magic?
You have the balls to flap your trap at NoDoji... yet this is your contribution...of which you have added ZERO content and addressed NOTHING of the OP's Qs!!!???
Learning the nuances of price action and candlesticks can help.
As an example-- if u have a defined supply zone (sellers exist in "areas" on the chart...not in an exact location--the extreme point of which is a horizontal resistance line that is drawn from the left side of the chart where a...
You are seriously out of line...
No Doji knows her stuff... and her response was most certainly relevant.
The OP asked "how u guys deal with..." and "how do u know..."...
What exactly is your confusion with her response relative to the questions of the OP???
She provided a way...
oldtime-- think about what you are saying. If "probably' is truly the scenario in the potential trade relative to being stopped out... then you shouldn't be taking the trade in the first place. I'm not trying to argue with you or be difficult... I'm just trying to reason with you.
Sit on...
Camel,
ALWAYS have a daily loss limit.
If you hit it... you NEED to be done for the day.
Emotions are too strong and will negatively impact your thought process if you continue to trade without a max limit.
Tomorrow is another day-- you need to clear your mind and walk away-- live...
In a nutshell-- you have just admitted that you fly by the seat of your pants when you trade. If you do it successfully - congrats... you are a minority of minorities. However-- just because you do it successfully-- doesn't mean it's the smartest way to trade. Remember that.
What is your win rate... profit factor... and expectancy?
If these numbers are not up to par or you are dissatisfied with the results-- it would be wise to abandon the short time frame trigger--- you don't want to be trading setups that are not high probability, high profit, low risk...
As I said Pekelo-- a reason could easily be to promote ET. Think outside the box on this...
I'm done with Neke... he has helped prove my point with his most recent post.
I believe if he is a real person-- you are wrong.
He is pulling out $ 5k each month... not for the fun of it... to take care of expenses! If he had a real job that paid all the bills and then some-- he wouldn't be extracting these funds.
This is a BIG problem.
With this in mind-- he...
southall.... what leads you to believe he is a real person? Do you have empirical proof? Are u telling me you have conviction with 100% certainty that "Neke" hasn't just been a charade all these years in an effort to promote ET?
Because if he is real-- it is absolutely ludicrous that he...