good point trade and forget
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Rewind Back 15 Years
- Thread starter padutrader
- Start date
stop triggeredstop and target changed see trading window below chartView attachment 202950
Remember, everyone sees the same support you do. I can bet some study of FX will show that price will hit support twice and not the third time most of the time.
see I too notice a lot of these things.I can bet some study of FX will show that price will hit support twice
the problem is ...we have to make money out of this knowledge.
notice thisRemember, everyone sees the same support you do. I can bet some study of FX will show that price will hit support twice and not the third time most of the time.
a fast move will hit resistance faster...
.a slow move will hit it later......
because of time..can you see it? on a chart?
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see a lot of this is like seeing a mirage...try to grab it disappears
so what does that tell you?Remember, everyone sees the same support you do. I can bet some study of FX will show that price will hit support twice and not the third time most of the time.
always buy the second hit-never the first....but how far will it go up? till it hits the resistance a second time....this is what Al said.....market will try to up two attempts and down two attempts.
do not question me on this.... figure it out....I have given hints
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see I too notice a lot of these things.
the problem is ...we have to make money out of this knowledge.
IMO, you have to PREDICT where the first or second support will be and if you're wrong, take your loss quick. All you have to do is be right more than wrong to break even, and then you can tweak that to be a winning strategy.
IMO, you have to PREDICT where the first or second support will be and if you're wrong, take your loss quick. All you have to do is be right more than wrong to break even, and then you can tweak that to be a winning strategy.
I am working on it...but I am 62years old energy crisis
but it is costly ...may be shift to demo./sim for a few days.
that way can concentrate on the theory without losing money
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there is something Al did not write in his book...something he left for us to figure out
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