price action trading

[saakk]

Irony of today, 2nd entry long (10.20) of the high at better price worked and failed 2nd entry short of the low's (10.40) failed.

 

[saakk]

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[augubhai]

Wow!! i am surprised. Had not checked the currency charts during the day. I had assumed that since NIFTY moved down in the morning, USDINR would have moved up...

 

[saakk]

Wow!! i am surprised. Had not checked the currency charts during the day. I had assumed that since NIFTY moved down in the morning, USDINR would have moved up...

ya it was a down day.... real reason for RBI move was to bring down USD and that measure has also hammered nifty.

 

[saakk]

I had figured out some "price action setups" which were working pretty well and than i got so comfortable trading them that i forgot "Even a perfect setup can turn to opposite side" advice. Market never cease to surprise, it wont let you get comfortable and that is the reason those who make it to the top know's how important learning is everyday even after spending so much time because market is in constant change and you got to adapt. When rules of the game change you got to expect the unexpected, you got understand what working right now might not work as well as it did and it may need a tweak.

 

[saakk]

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[saakk]

https://soundcloud.com/ferry-corsten/corstens-countdown-317

 

[saakk]

I guess timing is every thing, one tick early you don't get out, one tick late you don't get a fill.

 

[saakk]

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[saakk]

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