First I had started my trading with 10k
Level of Technical analysis was Double Top, Double bottom and Fib Ret
all example in education was on trending markets, its worked at best but
only in back testing and in real trade due to fear of loss,
When Sideway hit, all belief and education was questionable and
searched Google, Too much setup and too many indicator. Again
I learnt some fancy indicator and my favorite is stochastic. but
again my entry wasn't justified and entry only by crossover
Ok, then ABC and Elliot wave with stochastic, but still entry is not
reasonable since count of Elliot waves had 1000 methods,
all this time I had failed to realize price movement is all about buy & sell
Finally, I was landed in Demand and supply where I was convinced and
justify why price react in some zones and luckily last every year I came over
order flow trading and Institutional trade, I am finally satisfied seeing micro level
of candle (meaning Opening candle and see what happening on every tick),
Now, When Double top formation, simple Unfinished business in first peak which
acting like magnet to attract the price which forming second peak which is double
top formation.....
Mt4trader, Thanks for bringing high cost education to retail trader floor and please
bear us for some stupidity of us (I believe stupidity necessary for new knowledge)
and keep up your good work of guiding and education us
P.S: I am not telling indicator and others are not good, but my mind is not
convenient to trade with those....
