price action trading

[saakk]

[/URL]

Uploaded with ImageShack.us[/IMG]

There can even be a 6th or 7th or 8th or even 9th scenario which i am not aware of.....

 

[augubhai]

My analysis paralysis:
If it does not go up, it will go down. Else, it will stagnate.

:rofl:

 

[saakk]

My analysis paralysis:
If it does not go up, it will go down. Else, it will stagnate.

:rofl:

I WISH it was so simple...... :lol::lol::lol::lol:

 

[saakk]

I have change my TRADING MODEL from today, I use to analyze my charts from LEFT to RIGHT, marking support and resistance from left, but from now on will mark only last 2 swings on any TF and will use it as a reference point to trade. My current understanding states as soon as current bar trade through any support and resistance (doesn't matter were it close) it becomes the only imp reference point for trading there onward and the old support and resistance become obsolete.

 

[saakk]

OLD HABITS die hard, To break the OLD you gota find NEW.....

 

[saakk]

[/URL]

Uploaded with ImageShack.us[/IMG]

 

[saakk]

If a trader can put last 10 to 12 bars in a structure (channel up/down/sideways) in any TF he can get an idea or a higher probability of one thing happening over other in lower TF.

I dont think EDGE in trading comes from system, you give 2 traders same system wit same EDGE and both come up with different result. why?????

 

[Vertigo_1985]

If a trader can put last 10 to 12 bars in a structure (channel up/down/sideways) in any TF he can get an idea or a higher probability of one thing happening over other in lower TF.

I dont think EDGE in trading comes from system, you give 2 traders same system wit same EDGE and both come up with different result. why?????

IMO EDGE is a combination of high probability trades, suitable mentality and money management, miss any one of these and you will definitely lose in long term.
Whenever trader discretion is involved it brings into play all his experiences and learning's and as no two men ever can have same life experiences and learning their thought process and decisions will be different.

 

[saakk]

[/URL]

Uploaded with ImageShack.us[/IMG]

There can even be a 6th or 7th or 8th or even 9th scenario which i am not aware of.....

[/URL][/IMG]

 

[saakk]