S/r +price action+confluence+patience
- Thread starter mmohanar
- Start date
This setup works on all timeframe.but reccomandable time frame for this setup is daily and weekly chart by tradedude.
Taking trades on daily and weekly charts we get big profits.smaller time frame gives small profits.
If we want to test this method on daily and weekly charts on realtime then we have to wait for days and weeks to get results.
Infact I don't have time to follow and post that trades.actually I am going to stop posting this thread soon with explaining some advance level with this method soon.
Regards
Mmohanar
Taking trades on daily and weekly charts we get big profits.smaller time frame gives small profits.
If we want to test this method on daily and weekly charts on realtime then we have to wait for days and weeks to get results.
Infact I don't have time to follow and post that trades.actually I am going to stop posting this thread soon with explaining some advance level with this method soon.
Regards
Mmohanar
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I m not taking offense at all.
you see the problem is when you post any kind of chart showing a signal and move after the fact , it misleads newbies or anyone in to thinking something works and they chase that strategy like its the golden goose and end up losing money.
If anyone wants to share their strategy , they should back it up with real facts and charts and not after the facts charts
Trading business is filled with after the facts charts misleading countless people and we all know how that goes.
So i hope mmohanor or anyone else should not take this post as an offense.
and yes you can learn much much more from a real time chart than a after the fact chart and it will build confidence in your strategy if you study and learn real time charts from anyone.
Anycase , it was just a suggest and its up to mmohanor to post however way he wishes. he can ignore my request completely , no offense taken.
you see the problem is when you post any kind of chart showing a signal and move after the fact , it misleads newbies or anyone in to thinking something works and they chase that strategy like its the golden goose and end up losing money.
If anyone wants to share their strategy , they should back it up with real facts and charts and not after the facts charts
Trading business is filled with after the facts charts misleading countless people and we all know how that goes.
So i hope mmohanor or anyone else should not take this post as an offense.
and yes you can learn much much more from a real time chart than a after the fact chart and it will build confidence in your strategy if you study and learn real time charts from anyone.
Anycase , it was just a suggest and its up to mmohanor to post however way he wishes. he can ignore my request completely , no offense taken.
Guys
When I saw this method I was really impressed lot.
And I learned fully and did real trading got success too.
Very important in this method is how to draw support and resistance levels.if you draw support and resistance wrong then it all goes to wrong.
If you want to become expert at this skill.you have to practice drawing support and resistance levels on more charts.
This method is simple.
Step by step
1.draw support / resistance levels.
2.look at price action patterns on s/r levels
3.with at least 2 or more conflunces
3.wait for price to reach the targets.
4.book the profit
That's all.
Even I no need to explain further.but one can't adapt marking support and resistance skill by looking the charts only or already marked charts. They have to mark and practice on more charts.
Confluences is nothing but you should know to apply bb,fib retracement,trend line,etc
If any of two confluences ok then you can take trade confidently.
All I posted here are my own style. Tradedude using ohlc chart.he feel candle stick charts are noisy look.but I like only candle sticks.
Understand the concept take the the trade you will get success.
One can learn directly from tradedude thread.even I don't need to explain further.
Most of the basic things I explained already.
Regards
Mmohanar
When I saw this method I was really impressed lot.
And I learned fully and did real trading got success too.
Very important in this method is how to draw support and resistance levels.if you draw support and resistance wrong then it all goes to wrong.
If you want to become expert at this skill.you have to practice drawing support and resistance levels on more charts.
This method is simple.
Step by step
1.draw support / resistance levels.
2.look at price action patterns on s/r levels
3.with at least 2 or more conflunces
3.wait for price to reach the targets.
4.book the profit
That's all.
Even I no need to explain further.but one can't adapt marking support and resistance skill by looking the charts only or already marked charts. They have to mark and practice on more charts.
Confluences is nothing but you should know to apply bb,fib retracement,trend line,etc
If any of two confluences ok then you can take trade confidently.
All I posted here are my own style. Tradedude using ohlc chart.he feel candle stick charts are noisy look.but I like only candle sticks.
Understand the concept take the the trade you will get success.
One can learn directly from tradedude thread.even I don't need to explain further.
Most of the basic things I explained already.
Regards
Mmohanar
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