I don't disagree. surf
How many of you (small timeframe) traders take PA into account?
- Thread starter halfwaythere
- Start date
I don't disagree. surf
Candlesticks don't test well on one minute timeframe I generally trade so I don't know if they work on larger timeframes. Some of my signals are bounces off trend lines and some are waiting for breakout/retrace in direction of new trend and some are pure breakouts of certain Price Patterns. I started long ago using weekly timeframe for long term and still do, but when price is near longer timeframes S&R, definitely not go against trend and will take profit earlier, if I am wrong, they not going to take profit out of the account and there be other trades on other side, not chasing anything.
Price moves first then it is written about after and when there is no reason, "Profit taking" is given. I have news, there is Profit taking and losing on each trade.
Trying to trade those small of TFs - would make my eyes bleed..., send me into incessant bouts of cussing / convulsions / foaming at the mouth / soiling my drawers
But..., so long as its working for Ya - its all good
1.) Candlestick is a type of chart - as is a bar (o/h/l/c) chart - or a line chart..., or any other numerous chart types
Pick which ever fits your eye the best
2.) PA - most definitely - price / price movement is what we trade
3.) Price behavior is exactly what we're trying to glean / decipher / exploit
4.) It not about what we deem important (that is purely subjective..., and of no use) - it only about what PA deems important - and "potentially" has deemed important in the past
This is where gleaning / deciphering price's behavior (past and present) is important - and why spending time in front of a live chart is a must
It also helps.., greatly..., to understand the various players - their roles - their limitations - their foot prints - their typical way of trading - when they are..., and are not present
This last is a puzzle you'll need to piece together - hard..., but doable
Many ways to become a successful trader - but for the independent manual trader (the classification most of us fall under)
Yes..., absolutely crucial
Hours..., days..., weeks..., months - upon hours..., days..., weeks..., months - watching a live chart
To a much lessor extent - from books reading about PA concepts (but this no where is enough - need to be in front of a live screen)
One also needs to see / experience / survive - the various cycles..., the various PA environments
Successful Journey Sir
RN
KISS: keep it simple stupid 
the only thing a trader needs to know is: The trend is your Friend.
(everything else is just noise and nonsense, in my opinion)
the only thing a trader needs to know is: The trend is your Friend.
(everything else is just noise and nonsense, in my opinion)
PA is the only thing that makes sense on any time frame, IMO.
Yes as long as we arent talking candle stick patterns, there made up crap.
If we are talking watching just a bid line, totally blank chart other than that and how it's moving, looking at live buying /selling pressure than totally.
Candlestick patterns is one of those things I will probably never understand. LOL. From my experience, candlesticks causes one to focus too much on how bars close and other nonsense instead of focusing on zones of support and resistance. They (candlesticks) look good for show, but I prefer bar charts for actual analysis.
I'm more of a scalper, so i read the ticks really, but try to only trade with the current momo.
Most of the time market direction holds so get very few losers, mostly small profits but profit is profit
