Chat room reviews
- Thread starter Turok
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I am happy you seen them ,what did you think of the Timing video ?
chris
chris
Ya I put my charts back to the date on a 1 min chart & followed your call........I wish I had the time in the day to make those realtime videos but work comes first......anyway keep up the good work ......chris
Ya I see that...........have a nice weekend....Chris
Glad you find them helpful 
Those with stops... well, why not. Videos purpose is pure educational, not fake performance, promotion etc. It would be strange to pretend stops have no place in our trading, wouldn't it? As far as education goes, showing plays based on valid setup and get stopped out reinforces on of major points that we consider extremely important to teach. This point is: market acts as a game of probabilities, not certainties. While following proven setups does put probabilities on your side, ANY given play can fail. Thta's why it's imperative not to predict and not to stick to your opinion, but rather follow market tune, taking the setup when it's triggered and then obeying market action. Instead of "I know what market is going to do" which is ultimate source of inevitable frustration, you go with "I know how I am going to react on anything market does" which is ultimate "Trade what you see, not what you think". Thinking this way you accept risk in advance, before even entering a play. This gives you power over yourself, you will not have any problem taking a stop if market say so... because you did build in this possibility beforehand and had no formed opinion. And setup is not really prediction as many think... it's just a structure that gives you "points of reference", those points where when they reached you know you need to take certain action. In one of our classes we analyzed different ways to deal with single setup and counted 5 of them! Depending on trader's personal preferences and temperament, he/she could go with:
- regular entry at trigger point
- aggressive entry before actual trigger, which would give better price, easier entry and less certainty
- conservative entry after trigger and successful test on pullback, which would give worse price, good chance to miss a play altogether and more certainty about outcome
- fading the setup (counter trade at the stop level)
- extravagant somewhat approach where trader waits for setup to play out this way or another and scalps reversal of sharp movement outside of setup territory, effectively using setup itself only as a way to find active stock.
This illustrates the point that any TA or setup is NOT a prediction; it's a structure, and you can do many different things with it when you know how it works.
Best regards,
Vadym
Those with stops... well, why not. Videos purpose is pure educational, not fake performance, promotion etc. It would be strange to pretend stops have no place in our trading, wouldn't it?
As far as education goes, showing plays based on valid setup and get stopped out reinforces on of major points that we consider extremely important to teach. This point is: market acts as a game of probabilities, not certainties. While following proven setups does put probabilities on your side, ANY given play can fail. Thta's why it's imperative not to predict and not to stick to your opinion, but rather follow market tune, taking the setup when it's triggered and then obeying market action. Instead of "I know what market is going to do" which is ultimate source of inevitable frustration, you go with "I know how I am going to react on anything market does" which is ultimate "Trade what you see, not what you think". Thinking this way you accept risk in advance, before even entering a play. This gives you power over yourself, you will not have any problem taking a stop if market say so... because you did build in this possibility beforehand and had no formed opinion. And setup is not really prediction as many think... it's just a structure that gives you "points of reference", those points where when they reached you know you need to take certain action. In one of our classes we analyzed different ways to deal with single setup and counted 5 of them! Depending on trader's personal preferences and temperament, he/she could go with:- regular entry at trigger point
- aggressive entry before actual trigger, which would give better price, easier entry and less certainty
- conservative entry after trigger and successful test on pullback, which would give worse price, good chance to miss a play altogether and more certainty about outcome
- fading the setup (counter trade at the stop level)
- extravagant somewhat approach where trader waits for setup to play out this way or another and scalps reversal of sharp movement outside of setup territory, effectively using setup itself only as a way to find active stock.
This illustrates the point that any TA or setup is NOT a prediction; it's a structure, and you can do many different things with it when you know how it works.
Best regards,
Vadym
threei,
In all honestly, I didn't get a whole lot out of it. I saw a stock run up 35 cents, that's all. Would you please make your point again, I missed it.
Thanks.
In all honestly, I didn't get a whole lot out of it. I saw a stock run up 35 cents, that's all. Would you please make your point again, I missed it.
Thanks.
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