A picture says a million words.
A lengthy trade today 5-11-2009.
https://www.nigeriaforextrading.com/...1670873140.jpg
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A picture says a million words.
A lengthy trade today 5-11-2009.
https://www.nigeriaforextrading.com/...1670873140.jpg
Short commerce - not good
https://www.nigeriaforextrading.com/...7723743719.jpg
so here is the very same charts - no notes.
What could you do? Remember you get stopped short.
What is the market telling you? Would you see it's hands?
https://www.nigeriaforextrading.com/...8901221976.jpg
I consider amounts. Against popular belief, I consider trading. This is when institutions are placing orders. They defend their turf and comeback trading time. Trust me, you do not wish to battle them!Quote:
Originally Posted by ;
I like they kill themselves around the very first hour, then I pick up the bits https://www.nigeriaforextrading.com/...1525156080.png.
Hey Feb your threads are Extremely Useful thank you so much
It Actually helps me If you post a chart and ask what we would do and then tell us later when we cant Find it out... really good style of teaching
What's the market telling you? Would you see the hands of it?
Attached Thumbnails
HI feb really happy to hear you, seeing to your final question, I am mo likely to look entries to go long since the market isn't able to go lower after we see such big red candle, if that was big boys selling the market ought to be a lot lower today, and following that candle the market analyzed 3 the 1,36xx and currently is going down but I seems weak to the downside therefore for my newbie opinion if a watch a tiny strength migth attempt a shot when my risk tolerance allow me ... take this with lots of salt...
cheers...
I'd suggest plotting your tick volume so you can actually view the moves of the professionals inside the market, you can not tell how long or to what level a trend will occur is you don't understand the strength or volume of a movement.Quote:
Originally Posted by ;
This movement was destined to occur b/c professional buying dried up about several hours before this movement, and so that would've been an superb trade for you!Quote:
Originally Posted by ;
Hi Feb,Quote:
Originally Posted by ;
Thank you verymuch for your answers to my articles, super helpfull.
Awaiting learn more from you.
Thank you again.
Dim,Quote:
Originally Posted by ;
It all depends on situation available, and every of them is unique for itself, so its hard to reply, but I really do my very best.
When price goes against me my exit egy is not based on a firm rule, so, is based on multi situations that runs through my mind . . Such as. . How fast is price moving against me (momentum, speed). . How the very candel closes after trigger time. . Where is most. . The preconceived read available on the market prior to entery (maybe not a prediction)and type of read I have on the market in the given moment. . My days' shape profit/loss for up to that point. . And yes, tolorance is among these too and most time is no more than 25 pips bcz I would like to live to fight another day and that function as my only explanation for my own depart decision, at that point how I look at it's 1. I can always tenant (in the occurance of market tricking me) 2. I can e with the market and look to play the other way.
On reversal enteries I exchange manage it a little wider then 1-2-3 breakout setups (system II).
All that said. . I screw up a lot and basically learning the curve in chase to craft this item, its race.
I hope it helps.