Greetings traders, today I had very briefly time to trade intraday(I really have busy weeks now since I return as I also attend for drive license and other things), normally I dont post my trades but today was such a good example for both good things and mistakes I did that I believe it will be very beneficial to those that are still in developing/learning phase. Most people post their trades that have successful results, but dont comment on what they are actually thinking at any moment,…Continue
I have a lot of time these past 2 days so I better post what I wanted now before I take much longer break. Now I would like to talk about health of the trends and anticipation of reversal. Traders mostly look for HH/HL and LH/LL which is good and unbiased technique, but sometimes also overall observation is as important - for at least to keep us from price blowing against us when we are already in. One of the more reliable indicators I found to be overall price skew. Another is "price…Continue
There is always dilemma in trader head as to whether candlesticks are better or worse than line chart. If they ever help at all or made things even more deceiving. In past months I used both with various trading styles I use and I would say both are very useful for its purpose.
There are some very successful traders here that use lines(I shouldnt need to name them, everybody know). From my own experience lines absolutely beat anything else when it comes to drawing…Continue