My trade from today... please critique.
I am not saying any of this against the way that dragon trades
I think what everyone needs to realize is, you need to take the "idea" or " method" and make it your own.
If i took Dragon's charts and tried to trade it exactly the way he does i would probably lose money.
If i took MO's charts and tried to trade them exactly the way he does i would also probably lose money.
If they took my charts and tried to trade my charts would they make money?
maybe, who the hell knows for sure.
What i am saying is, everyone will view what they see in a different way. It will be similar but always a tad different.
What all this boils down to is a "tad" bit of feel and a s**t load of screen time. After a certain amount of time you just start to see things that can not be explained in words.
If you gave Dragon or MO a layout that had nothing but an RSI and a STOCH on it, and they had to trade off it would they make money?
because of the amount of time that they have spent in front of the screens. They would not trade the RSI or the STOCH based on what they say, but would trade them based of what is happening with the PA and MOMO.
Take all that with a grain of salt, because i have TRIED to train people and they do not get it, and i think Dragon has trained people that have "gotten" it.
This is what you should ask yourself....... " if i was the big swinging dick around these parts and had 1 billion i needed to buy, but i couldn't move the market then where should i get in? Being this big swinging dick, i would want to take other traders stops as my entry ----------- MAYBE NOT ALWAYS IN THE ACTUAL SENSE BUT IN THE GENERAL AREA.
because the guys with all the coin need the liquidity in order to get in and out without moving the market------- WHY----- so they can get the price they want.
Why does MO exit on wide range bars? Because the pros are selling into those, this can take a VSA turn here -------- but it is all the same.
95% of everyone loses at this game, do the opposite of what they do.
this is how i would have looked at that
1. the rat was here
2. what happened here? what does this mean?
3. 2nd chance to get on the train down
4. longs maybe?
5. maybe shorts now?
6. longs again?
then you take all that and add in momo for continuation trades.
trade with momo
its not rocket science
this is just based on the PA, the range is too tight so i am not saying i took all those trades
CAN U TELL I AM s**t CANNED??????
Bend over and assume the position for another 4 years of hope and change.