Bride of If You Can Draw A Straight Line

Status
Not open for further replies.
Quote from niko:

No, I mean, once you fan in the line, you keep projecting the previous one, I am just asking if that farther away projected line serves any purpose.
More...
no sorry misunderstood your question
 
now the hard part for me is the main trend today has been down but now the fanned out supply line is broken hard for me to go long on a retracement with the down move
 
Quote from slugar:

now the hard part for me is the main trend today has been down but now the fanned out supply line is broken hard for me to go long on a retracement with the down move
More...

Why is hard?. It is hard because you are not sure it will work, don't worry about it, if you are not sure, just include it in your journal and work on it during back testing, you will be able to come up with an answer that will help you deal with your fear.
 
Quote from pinkman:

Close on first trade was being too fearful of the profits evaporating.

3rd entry, I was looking at this sort of thing. Basically I thought thought that maybe i'd been a little premature on my exit on the previous losing trade and that the entry was still valid.
More...

You're well on your way to becoming a great trader.
 
Quote from IeatGoldmanSnax:

You're well on your way to becoming a great trader.
More...

I've just seen this on the off-chance. I spend my time here mostly in the CL journal and the ES journal livecall threads.

Anyway, assuming you're not winding me up, i'm afraid to say that I think you're wrong. I'm far from even being good(never mind great), to the point that I still wonder whether it's actually possible to be consistently profitable with our 'limited' resources.

Everything works some of the time, but nothing works all of the time.

I doubt i'll ever give up, though.
 
Quote from pinkman:

I've just seen this on the off-chance. I spend my time here mostly in the CL journal and the ES journal livecall threads.

Anyway, assuming you're not winding me up, i'm afraid to say that I think you're wrong. I'm far from even being good(never mind great), to the point that I still wonder whether it's actually possible to be consistently profitable with our 'limited' resources.

Everything works some of the time, but nothing works all of the time.

I doubt i'll ever give up, though.
More...

Given that you haven't read the material, much less studied it, you're hardly in a position to have any opinions on whether it works all of the time, some of the time, or not at all. If you ever get past this notion that it will all "come" to you eventually if only you keep at it long enough, you will begin the research, testing, and planning that are necessary to developing a thoroughly-tested and consistently-profitable trading plan. If not, then you'll eventually go broke.

You'd much rather trade than learn how to do so. One can only hope that you'll get tired of it before you lose all your money.
 
Status
Not open for further replies.
Back
Top