i now know why my profit always comes after London opening.....it is clearer by that time what the market conditions are, what the market is doing, ranging or trending or in between.
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a loser's journal......read at own risk
- Thread starter padutrader
- Start date
another thing i have noticed is that i really have to down grade my expectations from [day] trading....
some days, very few ,you may get the home run,but expecting it, is what colors the trades wrongly
some days, very few ,you may get the home run,but expecting it, is what colors the trades wrongly
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another thing i have learnt
never never never NEVER imagine or dream that you can trade both sides, bull and bear.
why?
because it is impossible to manage when you are wrong. and you will be wrong, sooner or later
never never never NEVER imagine or dream that you can trade both sides, bull and bear.
why?
because it is impossible to manage when you are wrong. and you will be wrong, sooner or later
i have realsied it is easy to see higher lows, which is bullish and lower highs which is bearish, but you also have to estimate if these higher lows and lower highs are minor or major......
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Keynes said that market can remain irrational longer than you can remain solvent.....so the only objective in trading must be to remain solvent
finally finally getting the process correct.
if you cannot categorize the recent market action, what it is doing , is it a trend, a ranging step by step up or down move, among many other things, then it is foolish to take a shot in the dark.
look for that first.
this is what Brooks wrote and i read it and have been reading it for 13 years.....now i am doing it.
the reason why traders lose money is in that experience some where
https://screenrec.com/share/i6QvYOoRBr
if you cannot categorize the recent market action, what it is doing , is it a trend, a ranging step by step up or down move, among many other things, then it is foolish to take a shot in the dark.
look for that first.
this is what Brooks wrote and i read it and have been reading it for 13 years.....now i am doing it.
the reason why traders lose money is in that experience some where
https://screenrec.com/share/i6QvYOoRBr
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many traders wait for a pull back to enter so they miss the strongest trades.
this is the trader's paradox.
if a correction appears early then that says something about the strength of the trend..........you have to understand that.....the nature,time and structure of the correction gives many clues about the trend
a good strong bar is to be entered immediately it closes. this is what Brooks says. he has a point.
think about it
this is the trader's paradox.
if a correction appears early then that says something about the strength of the trend..........you have to understand that.....the nature,time and structure of the correction gives many clues about the trend
a good strong bar is to be entered immediately it closes. this is what Brooks says. he has a point.
think about it
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30 pips in asian session.....grabbed it with both hands.........
https://screenrec.com/share/31NOGe7wuI
https://screenrec.com/share/31NOGe7wuI