wonereheb,
I agree with everything you posted but why don't you think these can provide good opportunities?
Why I try to only buy bottoms...
- Thread starter RangeTrader
- Start date
wonereheb,
I agree with everything you posted but why don't you think these can provide good opportunities?
Quote from wonereheb:
Yes or I wouldn't know how to trade, it would be like coin toss, random, I guess maybe you can do coin toss trades and just make sure you take bigger profits than losses
Real time,
1. Draw lines across lows and highs, if lines point up, uptrend, if lines point down, down trend, if lines look cockeyed, sleep it off...heh
2. Price should go higher than the lat high or lower than the last low
3. Price shouldn't fall much below support in up trend or above resist in a down trend
4. If price does do that, then it's not an exciting trend any more, and time to draw some new lines, start fresh
You should start a journal in the journals forum where you post calls in real time.
The only way you know is a very dangerous way.
I suggest educating yourself before embarking into such dangerous trading habits.