Recent content by smcoder

@maxinger I don't see anything special in my attempt to understand the what, why and who of this behavior. Once you have a model for what you see, it is easier to interpret everything else.

aha, now everything is clear :)

In the last few days I've been trying to build an understanding of this behavior that can commonly be seen on financial markets of price retests and have stumbled on a few, I must say, interesting videos of a trader that describes his approach to price action reading that can be summed up in the...

@Overnight share it here if you can, I believe others might also be interested in evaluating it

If you don't have a strategy, what is it that you manage? Starting directly with risk management to me does not make much sense.

I don't think yours is luck, it's experience. And this is not a science, it's mostly a statistical game.

@sandy_s I'm here to share what I know and learn from others if possible, aren't you willing to elaborate more on your statement?

In my quest to formalize and improve my strategy and trading I landed on this image that captures better than anything else I've seen what is a reasonable journey to successful trading. I thought others in this forum could benefit from it...

I agree. I've always felt like my strategy is somehow incomplete but I really never got into shorting or options trading to take advantage of corrections or bear markets. Shorting or options trading have the added complexity of requiring being correct in timing the market. A thing I also...

@fan27, thank you for sharing it :thumbsup:

@Leob, thank you for pointing me to VPOC, it looks very interesting and reminds me of volume profile, identifying the price at which trades in a given day or time period took place

@Leob I do consider S/R lines and volume when setting entry and exit points. Is your scalping effective? Is your account growing?