TST Combine Journey
- Thread starter Rodrigcn
- Start date
Excellent, keep your health and confidence up. If any day it doesn't feel right.. best not to trade. That's part of discretionary trading.. only trade when your gut/confidence syncs up with price action and your rules.
Thanks Spectre2007, yeah I'm still working on emotions. I have no rules, I'll enter limits / orders / market, will move stops around, all depends on the market because I just don't trust any rules. My trading takes into consideration only what the buyers and sellers are doing, which side is trapped, which side wants to get out BE, how strong the market is in move (whether trending, or ranging). I also look at the inverse of the market that I'm trading to get another perspective on my trades, etc. I'm pretty nervous about big spikes though so i like how the combine tries to keep you to meet strict risk management rules. I also look at the daily, 4 hr, 1 hr, 15 min, 5 min, and 1 min of the market i'm trading which is mostly the eurusd, try to focus on one - however i also watch the chfusd for correlation /clues
Very nice - the more you learn about the markets - i'm pretty obsessive so i've demoed years of eurusd, i find it hard to trust autopilot programs, esp with backtesting, etc, the market in my opinion is one fluid creature that is constantly evolving but if you manage trades well you can make money. I'm also not a big fan for say only using 20 pip profit limit / 10 pip stop loss and only using that, you have to trade the market in front of you and take what it will give you within your own risk parameters and personal comfort
autopilot programs.. is just analysis of years of tick data, and looking for repeating structures that persist. And most of the time, its attributed to the few taking money away from the many. So that repeating 'structure' is a function of this process. In essence its a parasite off cumulative algorithmic solution in any derivative.
Interesting, I would like to learn more about that, the reason i trade the way i trade, is because although the market is constantly changing, it always does the same thing. One side is strong (B.O), then small pullbacks due to profit taking, then deeper pullbacks and bears start to scalp, bulls want to buy deeper discount, then trading range as both sides get comfortable with what is expensive and cheap, then eventually another side will win again and another BO will happen. This trading framework for looking at the markets happens on all time frames from monthly charts to min charts
The market is always testing important areas and how it tests them reveals strength of buyers or sellers as well, i also pay close attention to the close of bars esp important ones like the 15 min, 1 hr, 4 hr when day trading
The market is always testing important areas and how it tests them reveals strength of buyers or sellers as well, i also pay close attention to the close of bars esp important ones like the 15 min, 1 hr, 4 hr when day trading
exactly.. how it tests those zones/outliers is crucial..