Technical analysis is an observation, not a "law" or secret knowledge.
If you see something different then do something different, but trade what you see.
As the Mormons are so fond of saying, "nobody always or nevers".
The ideas that I trade by:
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Re: The ideas that I trade by:
Could it be a good idea to go down to M1 and take advantage of the sentiment that is there?
Being more active with space, while sentiment lasts, if that makes sense.
Edit: This was a comment to the previous chart of GBP/USD, but also a general question.
Being more active with space, while sentiment lasts, if that makes sense.
Edit: This was a comment to the previous chart of GBP/USD, but also a general question.
Re: The ideas that I trade by:
jrtrading wrote:Could it be a good idea to go down to M1 and take advantage of the sentiment that is there?
Being more active with space, while sentiment lasts, if that makes sense.
Edit: This was a comment to the previous chart of GBP/USD, but also a general question.
If price is volatile, range bound, and trendy then yeah.
If price is moving sideways on a small chart then you will want to go higher; sometimes
I have to move off of the M5 to an M15 chart & move my M30 to H1.
Re: The ideas that I trade by:
MightyOne wrote:jrtrading wrote:Could it be a good idea to go down to M1 and take advantage of the sentiment that is there?
Being more active with space, while sentiment lasts, if that makes sense.
Edit: This was a comment to the previous chart of GBP/USD, but also a general question.
If price is volatile, range bound, and trendy then yeah.
If price is moving sideways on a small chart then you will want to go higher; sometimes
I have to move off of the M5 to an M15 chart & move my M30 to H1.
Thanks!
Before when I was trading options on stocks I always wanted a bull market because everything - chart reading etc. becomes easier, not realizing that there are miniature bull/bear markets from the extremes almost every day..
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- prochargedmopar
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Re: The ideas that I trade by:
When support is perfect, AND BREAKS, double my lot size.
Epic.
Sure wish we could like or upvote posts on kreslik.
Epic.
Sure wish we could like or upvote posts on kreslik.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Re: The ideas that I trade by:
prochargedmopar wrote:When support is perfect, AND BREAKS, double my lot size.
Epic.
Sure wish we could like or upvote posts on kreslik.
I never said that
Ideas & action, not rules & confirmation.
Re: The ideas that I trade by:
They do this to traders all day long & people are none the wiser:
Re: The ideas that I trade by:
MightyOne wrote:They do this to traders all day long & people are none the wiser:
How early could one have known that the support would be false?
From what I can see it is only at the last circle.
Edit: Sorry, meant the last support where you drew the descending line.
Re: The ideas that I trade by:
If you can see loss then you can see profit. -MO
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