I agree, but the remark was that a tradeplan is a roadmap. That's complete nonsense.
I also wrote about the second step. This step improves the tradeplan to come close to a roadmap. The higher the probability the closer to a roadmap.
Is It a Reversal or a Pullback?
- Thread starter schizo
- Start date
I also wrote about the second step. This step improves the tradeplan to come close to a roadmap. The higher the probability the closer to a roadmap.
There are dozens of different types of pullbacks and dozens of different types of reversals and most folks using different strategies and trading different trading instruments...
Without any charts and trading instrument discussion...nothing to debate about nor disagree unless this is all just a philosophical discussion.
Without any charts and trading instrument discussion...nothing to debate about nor disagree unless this is all just a philosophical discussion.
Out 61.25
This is ALL you need to know in order to trade successfully.
Is It a Reversal or a Pullback?
yes. depends solely on your time frame.
seriously schiz...i'm not pulling your chain give a TF..like 5 min chart...15 etc.
then we can have a discussion?
"reversal or PB? is entirely TF dependent..
algo's are eating out lunch tick by tick
then we can have a discussion?
"reversal or PB? is entirely TF dependent..
algo's are eating out lunch tick by tick
Is It a Reversal or a Pullback?
This is ALL you need to know in order to trade successfully.
Easier said than done -- alot of variables to constantly consider in deciding.
Half the battle is deciding on the direction, the second half is managing that trade.
Reversals and pullbacks are INDEPENDENT of what timeframe you trade. Unless you trade 5-minute one moment and then quickly flip and trade 60-minute the next, which sounds to me like you don't know what you're doing, same rule applies across the entire timeframe, be it 5-, 30-, or 60-minute chart.
