YM Traders

Trading is diffenently not easy. Comes with experience.

People have to remember that trading is s numbers game. The trick is to try to find a way to put the probabilities in your favor. Sometime you win, and sometimes you lose. Try to win more than losing.

You have to find the trade that you are most comfortable with and have the most confidence in. Everyone is diffenent and sees the markets in a different way.

These breakouts of consolidation areas are the best that I have been able to come up with over the years. It becomes a matter of being able to sense if the market will continue strength or weakness.

Again, experience has no substitute.

Charles
 
Quote from Bitstream:

That is a problem sometimes for me, I am not extremely accurate with my entries and sometimes I don't wait for a retest of the first test bar/candle.

Am I always to give for granted that that price will be retested?

Or do you mean you want to enter during the formation of first test bar?
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I think that we are posting at the same time.

I'm a little cautious. I wait for the test bar to be complete and see a tick trade just below the test bar body. Aggressive traders may fade the test bar during the formation of the bar. It also depends on your time frame. Most of the charts in this thread are 1 minute charts. I use two minute charts. So, my entry may be a minute later than others.

Charles
 
Quote from CharlesTrader:

Trading is diffenently not easy. Comes with experience.

People have to remember that trading is s numbers game. The trick is to try to find a way to put the probabilities in your favor. Sometime you win, and sometimes you lose. Try to win more than losing.

You have to find the trade that you are most comfortable with and have the most confidence in. Everyone is diffenent and sees the markets in a different way.

These breakouts of consolidation areas are the best that I have been able to come up with over the years. It becomes a matter of being able to sense if the market will continue strength or weakness.

Again, experience has no substitute.

Charles
More...

I like this guy

EDIT:BTW... very nice charts
 
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