mook wrote:The best lesson I have learned from trading fx is that no one knows where price is going to go. Every time you make a trade this must be your default.
However...The best way i can describe my trading is viewing the chart from 1 micro area of indecision to another micro area of indecision. It just so happens that a rat always appears when the trade is profitable. :\
If you see it as a range break out then that's what it is. I see it as areas of indecision. I don't know where its gonna go, but if candles start closing above/below these ranges there's a good chance it will continue in go in that direction.
The key is that whatever it is you see (rat, fat cat, range bo, bm) make sure that it is consistant.
This inflection method works all the time. It all depends on how much you want to take. I like to lock in pips, and I will take them as soon as I get them. I don't wait, only because the psyche levels continue to rule... this means that price will trend, reverse, trend, reverse. I want to catch em all, up and down. The buy/sell hold b.s doesn't work for me.
MO: "areas count as lines" ~ This statement should have been made more clear. The phrase 'draw a line' to most people, literally means, draw a line, a single line. That's why these people are gettin fuk'd. In light of this, I will continue to post charts with 2 lines to indicate an 'area'.
The best way i can describe my trading is viewing the chart from 1 micro area of indecision to another micro area of indecision.
I just read "trading by the minute" by Joe Ross. Written in 1990'.....you'd be AMAZED at how much of the stuff on this site is very, very close to what he teaches. Your range trading (areas of indecision) is described crisply and cleanly in that book and how to trade them......ALL time frames work too, just as you stated.