Food for thought: If we could come up with so many filters until we enter into a trade, what is preventing us from using multiple exit filters?
Food for thought: If we could come up with so many filters until we enter into a trade, what is preventing us from using multiple exit filters?
Have not pursued that direction however; need to consider it more, as it may be more complied than it might seem initially. So, if progress will be made by me I will come back.Originally Posted by ;
It's only after the fact really which you can tell if u are in a trend or range market. In the event that you have been in a trend and u though trend would continue, you might take a trade and the market can sit at a range as soon as you take the trade. The same holds for the opposite, you might trade as if u r at a range,m and as soon as u take the trade, then market price breaks out and begins a new fad . . just my two cents
Precisely. You've described the key pain point that all traders face. The question is, how can you win in both?Originally Posted by ;
Trade supply/demand or support/resistance. They work in both markets most of the time, Those areas hold in either market (most of the time, not All the time of course)Originally Posted by ;
How do you accurately pinpoint a rebound or a rest off any zone/SR line?Originally Posted by ;
You can perform trend and range trading.
Only determine the longer-term trend on the daily.
Oh ok, the tendency is up on the daily TF.
Today we just buy near the base of the range, not sell on top of the range.
We could have a stop in place when price nears the top of the range.
When a break-out occurs, we're in for a fat pay-out.
If not, we'll still get a nice profit when price hits the stop.
Ofcourse you'll be able to sell the cover of the range too, but that's not the same egy.
It is possible by the way. To endure the range without any severe harms.
And even make a buck or 2 at the range, but maybe not always. Certainly not always...
You need to consider way of grabbing the range's shirts and bottoms with stop orders (trend).
Think simple. Get right down to my own IQ level of 75.
Simple thinking. That is exactly what you need.
Zigzags?Originally Posted by ;
No one's better with hedging here than you MZ gt; how can you determine the ideal time to reverse? Or price? Can you spare us a hint or two?