Angat wrote:Im very glad I didnt trade in the afternoon, after my nap I checked the charts and they werent that pretty at all. Congratz on the pipage guys. Tomorrow I'll post some charts of my potentials for Monday. Feel free to do the same, researching in advance is so helpful especially to a nooby trader like me.
Directional bias needs to change as price direction changes with the sessions. There is always a pullback into the range session. Friday's pull back leads to Mondays Asian range session. Stop hunts tend to occur when the session market makers change over from one session to the next. It's how they lock traders in a range while a different fox takes lead in the chase. Look at when the stop hunts took place Friday. Between 9-9:30am....when London turns over to NY....check the charts and remember this....it's a good thing to know.
Dead time is the best time for looking at charts. We don't get distracted by price movement when doing so. Each chart is a record of what price did...a story if you will. Like any book, if you flip through the pages quickly, the details of the story are lost. Each page has to be read in order to understand not only the story but the characters that comprise the story.
Post some charts if you find any interesting stories as I'm sure those here would enjoy reading along! 
CJ |
