its not that but simply ad me on skype if you think theres some knowledge you may be missing im not sure why you seem to be taking this personal but its not about that at all I learn better one on one i lose focus on a forum setting and ive had a bit of trouble learning from post alone I NEED...
EXACLTY In hindsight support and reisitance are obvious i usually buy at s/r levels after previous s/r has been broken wit conviction but sometimes it fails I use a 2 point stop so sometimes that can hurt I've tried managing my stop but it turns out i do better just leaving it there because...
What signs can a trader look for to see if support or resistance lines will hold or fail
ie order book, level 2? or is there something more concrete I can look for!
I do not really like indicators
Hi guys Ive been trading for about a year now used to loose alot, I can sometimes gain consistency but I know my strategy has to have some flaws Im guessing in my money management because one bad trade completely makes the other few good ones irrelvant
So Im hoping to get feedback from seasoned...
A few other rules of thumb:
- if the long bar is against the larger time frame trend then fade it.
- if the long bar is in the same direction as the larger time frame trend go in the same direction.
Nothing is concrete or guaranteed so use sensible money management.
Peter
so lets say I was...
When looking at a chart pattern or your waiting for resistance to break
and then for some reason you get an abnormally long bar for any reason as such as the result of a news release do your treat the bar as part of the pattern or use it as a deciding factor to execute your strategy if the long...
Everyday I check bloombergs website for news releases but there are alot of different releases and some dont move the market and some have a major impact!
How can I figgure out which releases will move the market! I find myself getting out of trades early if they run close to news releases and...