technical analysis dax signal

Trading Education Buyer said:
View attachment 167296


We buy Dax at 10503 stopp 20ticks 10485
More...


If this trade is a loss , set up failed , need to accept losing = NO REVENGE TRADES ADDING TO LOSING POSITIONS etc

Where is Raven of the monkeys for entertainment?
baboons.jpg
 
Nevertheless, people want to treat the world as if they could predict and understand everything. As a result, they tend to seek patterns where none exist and to invent the existence of unjustified, causal relationships. Traders don't want to trade probabilities. Yet trading is a probability and money management game.

At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions.

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=the+need+to+be+right
 
for a re-entry , need a tick chart channel


3.1 Slope and channel lines on tick (200 tick charts )or 5 minutes charts - Compulsory filter

· There has to be an up slope or channel lines on tick chartsor 5 min chartsfor longs.

· There has to be a down slope or channel lines on tick chartsor 5 min chartsfor shorts.

· A channel must be in place on 5 minute charts or 200 tick charts in last 60 minutes. Up channels are required for longs. Down channels are required for shorts.
 
You must log in or register to reply here.
Back
Top