Trading Forex

as you see i do not place much thought on support and resistance....like pivots fib .....

the reason is even if the nearest 'support' is 100 ticks away.... the market may form another support 20 ticks away.
price action and market structure ,both of which are very fluid and open to change next second, is the only reality.

this is why you will see i do not ever talk of targets
 
traders think and experts say that a market trends or ranges......

i think and say that a market only channels....a trend is a very steep channel.

why do i think this.....because unless you use a one second time frame.....there is always a channel that the price is in. a range is a channel where you can draw horizontal lines.

most traders do not focus on trading channels and this is the reason 95% of them fail.

not recognizing channels is the not recognizing market reality
 
padutrader said:
...

why do i think this.....because unless you use a one second time frame.....there is always a channel that the price is in. a range is a channel where you can draw horizontal lines.

most traders do not focus on trading channels and this is the reason 95% of them fail.

,,,
More...


*le sigh*
 
trading is hard work

and i do not want to work hard........
i have to accept that i have to work hard or if i do not want to do that ......then stop what ever it is that i am doing......because it is not trading.
 
some here are of the opinion that i risk too much.....that is my strategy.

You decide what risk you take ....not Buffet not Soros not Overnight or any of the others here at ET
 
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