I know this one looks crowded, it is only a study chart. Entered based on pins and/or M expectation. However the entry area is crowded with fib numbers, ABCD, neckline. In the middle of the chart I combined NT with channel, a trade from yesterday.
Hereby I testify, seeing levels, pins, Ms, Ws, entry points everywhere, so easy trading and reviewing charts has become. I have plenty of trades that instantly move in the desired direction and with the worst outcome being a BE trade. I still have one enemy though. Impatience, worse than his royal highness, the fox himself. For those with small accounts I can also tell, that it does not matter how small you start, in fact you do not need a large capital, as long as you can use and max your margin to your advantage. CJ, now I understand what you have tried to say to all of us..
If you read it, Thanks again.
PS: I will not post much from now on, have a situation, things to sort out and I do need to focus on making money and taking care of my daughter and few elderly people in the family. Good luck to all of you!
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rewand » Tue Nov 22, 2016 4:52 am wrote:I know this one looks crowded, it is only a study chart. Entered based on pins and/or M expectation. However the entry area is crowded with fib numbers, ABCD, neckline. In the middle of the chart I combined NT with channel, a trade from yesterday.
Hereby I testify, seeing levels, pins, Ms, Ws, entry points everywhere, so easy trading and reviewing charts has become. I have plenty of trades that instantly move in the desired direction and with the worst outcome being a BE trade. I still have one enemy though. Impatience, worse than his royal highness, the fox himself. For those with small accounts I can also tell, that it does not matter how small you start, in fact you do not need a large capital, as long as you can use and max your margin to your advantage. CJ, now I understand what you have tried to say to all of us..
If you read it, Thanks again.
PS: I will not post much from now on, have a situation, things to sort out and I do need to focus on making money and taking care of my daughter and few elderly people in the family. Good luck to all of you!
There are many like you, who have become very profitable traders, and like you, no longer post here. You reach a point where you "see" price and trading becomes second nature, almost automatic and what I call "boring" at times. I am glad that the information here has been of help to you on your journey.
As seen in many of my posts, patience is a key to trading, no matter the methods used. Too many traders try to force a trade where there is none due to a lack of patience. They seek the need to be in trade and usually end up in the wrong trade. All you have to do is wait and watch. The trades will come to you.
I wish you continued success going forward and thank you for helping others along the way.
-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
EURUSD, I guess this is how Asian range extension works, enlarge the range box to an average size and from then on BO PA can be observed and becomes tradable as usual. What a great idea! Not mine though, CJ mentioned about Asian range extention somewhere along the lines. I can not think of any other way to implement it. Pls comment, if I am wrong.
A.
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