price action trading

[saakk]

 

[saakk]

Price is trying to go back in previous day up channel who's support has become resistance now.....failure can provide good setup for short.....

 

[saakk]

 

[saakk]

 

[saakk]

Yesterday i was sitting and thinking " why should i take only 3 trades and not more, the more i trade; the more chances to catch a trend " then suddenly it just strike me that when i was a kid i use to play video games like crazy, i could spend day and night in front of TV wit my game and in every game i had played there was never ever ever a player had more then 5 life's (unless cheat codes are used) , so when i knew i had a limited life i use to play very cautiously and wit strategy but the moment i used cheat codes and got 30+ life's every thing was thrown out in gutter, no strategy nothing, productivity got lost, the level which i can cross in 1 life was now taking 5 life's to cross.

 

[saakk]

 

[Gandhar.]

saak are you getting any help from the ema? how is the trading dependent on it?

 

[saakk]

saak are you getting any help from the ema? how is the trading dependent on it?

Nothing really, just a old habit, I follow 2 charts one is without ema and full of channels so its all mixed up.

 

[saakk]

Alan watts asked once...... Will you do what your are doing if MONEY is not involved........?

http://m.youtube.com/watch?v=5cZh58IL7RQ&desktop_uri=/watch?v=5cZh58IL7RQ

 

[saakk]