Quote from poland:
Dear TO,
please correct me if I am wrong.
1. First basic understanding why price change?
- don't really need to know the reason WHy, but understand some days less change,
some days more change?? what is going on??
* same as any business, buy low sell high...vice versa
2. My objective is make $$ from these price change. Hence I can play any market as long as there is price changes. BUT some market price change faster then another, so I must find a situated pace. wrt to my family. amount of risk & time allocate for trading.
3. set aside an amount of capital "aka" ammunition.
control each trigger, so I can last longer.
With proper calibration, each shot will be nearer to bull's eye.
4. how to find where/when to shot??
look for almost vertical up/down....
it takes alot to move price up/down in a short time...(bob)
5. set a time limit...like fishing, got to change if no fish is biting after certain time.
6. my initial target is to make $200 within 120min daily.....close shop when time is up.
7. actually, I do not need to learn any TA or indicator I think?? maybe I wrong...I should be able to get all the information from a chart and price data...then I can rock & roll.
Reason being , those whales that make price move don't give a shit to any waves or whatvever...it is the price difference that matters....
8. Before I think I will have alot of preparartion work to look thru'.
I am getting a A3 size printer...i think large print out will help...
9. I am still thinking...futures or stocks??
10. lastly, one think I cannot understand...TE & you show a page made up of many small charts of different counters?? is it to check the direction at a larger time frame??