The ideas that I trade by:
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- trueblueTEX
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What happened to the old fashioned way of picking support and resistance/Zlines or simply liquidity spots; using Momentum,Comparison,Wicks,Top down chart analysis and Mentally combining candles
I still believe this is the basis of trading you can't master trade/space management,stop placement and lot accumulation methods without mastering charting skills first.
Maybe not the best example, I am too still working on my charting skills
I still believe this is the basis of trading you can't master trade/space management,stop placement and lot accumulation methods without mastering charting skills first.
Maybe not the best example, I am too still working on my charting skills
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore
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- trueblueTEX
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- TygerKrane
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TygerKrane wrote:Neo88 wrote:Some lines in sand I am looking at in Gold
Why would you choose to trade gold over silver??
The panic selling to come, when everyone realizes that the world is not going to end as we know it, makes gold the best option for bears.
Sell when people are buying, sell more when people are selling, & buy when the masses are decimated
I am looking forward to $500/$600 an oz over the long term.
Neo88 wrote:What happened to the old fashioned way of picking support and resistance/Zlines or simply liquidity spots; using Momentum,Comparison,Wicks,Top down chart analysis and Mentally combining candles
I still believe this is the basis of trading you can't master trade/space management,stop placement and lot accumulation methods without mastering charting skills first.
Maybe not the best example, I am too still working on my charting skills
" ...I am too still working on my charting skills" -Neo88
And that is the problem, you should be working on your money making skills
Charting is 10% of successful trading.
The two things that are going to make you money are:
1) Position (00)
2) Accumulation
For 1 & 2 you need an idea & this is where the chart comes in.
Your entry is always 00, so your entry price just determines your
initial position size.
If you are heavily focused on technical analysis then you will fail to accumulate and consequently get paid in cow pies.
2013 is the year when I shift your focus from learning about charting to getting paid for trading.
you are free to skip this lesson if you wish
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