What I have learned most is Effort Vs Result. The more effort the more result you would expect.
I have no methology or risk-management but I applied what I now know too my Anglo American chart. I stepped into it bar by bar and this is the result. No spread, commision or tax is taken into account.
Buy or Sell/Price/Exit/Result
B/1244/1251/+7
S/1251/1233/+18
B/1233/1195/-38
S/1195/1207/-12
B/1207/1305/+98
S/1305/1186/+119
B/1186/1289/+103
S/1289/1378/-89
B/1378/1413/+35
S/1413/1477/-64
B/1477/1591/+114
Total +291
Acc 63%
R/R 1.38
The basics of what I used.
Supply Vs Demand (Increase in supply is a decrese in price)
Effort vs Result (Large Effort and support followed by a small rise sugests strong effort on both sides. Small volumen the a rise suggests supply has one)
This was my basic prsumption and this is my chart of Buy's and Sell's. Im happy with the base I have to work from.
http://static.flickr.com/30/56513754_3d3d279954_o.jpg
I have no methology or risk-management but I applied what I now know too my Anglo American chart. I stepped into it bar by bar and this is the result. No spread, commision or tax is taken into account.
Buy or Sell/Price/Exit/Result
B/1244/1251/+7
S/1251/1233/+18
B/1233/1195/-38
S/1195/1207/-12
B/1207/1305/+98
S/1305/1186/+119
B/1186/1289/+103
S/1289/1378/-89
B/1378/1413/+35
S/1413/1477/-64
B/1477/1591/+114
Total +291
Acc 63%
R/R 1.38
The basics of what I used.
Supply Vs Demand (Increase in supply is a decrese in price)
Effort vs Result (Large Effort and support followed by a small rise sugests strong effort on both sides. Small volumen the a rise suggests supply has one)
This was my basic prsumption and this is my chart of Buy's and Sell's. Im happy with the base I have to work from.
http://static.flickr.com/30/56513754_3d3d279954_o.jpg