Postby flossnhoss » Sat Sep 12, 2009 11:42 pm
Hey all, just wanted to introduce myself on this thread. I had read it a few months ago and passed on, but have recently come back with a restored interest.
First off, many thanks to TRO, MO, dragon, es/pip and the other main contributors to this thread. It's quite a buffet of information. You all are truly too kind to take your own time to help others out.
I hope to start sharing my own trades here shortly, in the hope I can also help those that are passing through here on their own journey.
As someone relatively new to the Mighty Zone, I wanted to toss in my newby perspective and offer a suggestion to those helping out and posting charts.
I believe at this point in the thread, there have been literally hundreds of pictures showing entries and exits (again, many thanks). I think visually, after the fact, anyone reading this post should be able to understand how this works.
However, what I think might be very helpful, or more valuable, is some comments on your perception of price action before you enter a trade, and perhaps while you are in the trade (with more images too of course). More specifically meaning, what you like to see, and don't like to see (that's very general I know).
As these trades are retracements, the biggest question I always find myself asking is "Is this a retracement, or a reversal?". And while you will never know prior to a trade, and this question is also relative to time, I am thinking some comments on this could be helpful. Think of it as an 'anatomy' of a trade if you will... from start to finish showing what is seen on each timeframe of interest. Those prior posts showing which timeframe the zone and/or zline is from is definitely along the same idea. This would expand on that. Just an suggestion!
Anyway, just kind of blabbering, with really just an intention to help facilitate those that know how to do this successfully, with those who are just starting out.
Happy pipping
-floss