Kid you would be better trying to stand on your own two feet rather than trying to copy someone else's style that seems to have zero edge outside of a roaring market.
Trying to shoehorn an intraday pattern into some sort of perfect setup or "same as last time this happened" is just another trap on the path of the learners demise. All this message in a bar stuff would be somewhat laughable if it wasn't actually people wasting real effort, time and hope on such rubbish.
If you cannot spend a few months observing a few markets and every few days have "Aha moments" that you can then go about refining for the rest of your trading career then simply you're looking at the world all wrong - your context is.... to put it bluntly....F#ked and in desperate need of a rethink. (and believe me I've been there!!)
Tech, any chance you have a spare moment?
Several trades from the FTSE last night which have left me a little stumped.
Charts are marked.
The first trade, is that a slam dunk long once you see the no supply bar? In that context is the initial stopping volume + no supply bar enough to merit a long? At the time I was actually leaning towards a short based on all the upthrust bars. I entered on the 2nd downthrust and scratched it quickly once I saw the no supply.
The second trade was a fade trade I took. Even in hindsight this morning I like the trade yet it turned out to be a loss. Anything I'm missing?
View attachment 55398View attachment 55399
My 2 cents –
In the first one you have a trend line break, a higher low [a retest] and a failed first entry short – would have preferred a second entry so it’s aggressive but viable.
In the second one, I can see no reason to go short – at all. Your in a strong bull trend, there has been no trendline break so for me shorting is not an option.
Kid you would be better trying to stand on your own two feet rather than trying to copy someone else's style that seems to have zero edge outside of a roaring market.
Trying to shoehorn an intraday pattern into some sort of perfect setup or "same as last time this happened" is just another trap on the path of the learners demise. All this message in a bar stuff would be somewhat laughable if it wasn't actually people wasting real effort, time and hope on such rubbish.
If you cannot spend a few months observing a few markets and every few days have "Aha moments" that you can then go about refining for the rest of your trading career then simply you're looking at the world all wrong - your context is.... to put it bluntly....F#ked and in desperate need of a rethink. (and believe me I've been there!!)
Kid you would be better trying to stand on your own two feet rather than trying to copy someone else's style that seems to have zero edge outside of a roaring market.
Trying to shoehorn an intraday pattern into some sort of perfect setup or "same as last time this happened" is just another trap on the path of the learners demise. All this message in a bar stuff would be somewhat laughable if it wasn't actually people wasting real effort, time and hope on such rubbish.
If you cannot spend a few months observing a few markets and every few days have "Aha moments" that you can then go about refining for the rest of your trading career then simply you're looking at the world all wrong - your context is.... to put it bluntly....F#ked and in desperate need of a rethink. (and believe me I've been there!!)
y
+1
You're making a number of assumptions which are wrong about how I'm going about things. Don't assume that because I post a couple of questions on an internet forum I'm trying to be a carbon copy of trader xyz. A lot of the techniques which tech/a uses (mainly VSA related) I can relate to and understand. That doesn't mean I like every trade he takes.
Fair enough. I have actually been keeping up with this thread and the impression I got was that you were struggling to get on top of it. Certainly the bits I got (which clearly is not the whole story) was that your analysis and trade ideas mostly lack context and you are often trying to make something "fit". Something you can see when someone uses a tool that is not original.
But you are probably going fine so I'll butt out.
No point you butting out if you have a sh*t one on the seng and want to take it out on internet randoms then so be it, just be careful you might drop accidently drop a nugget of knowledge along the way.
Actually my posting came from smugness in finding trading particularly easy at the moment. I was going to try and share some of the success but alas it seems the path you are on you are happy with.
Can I not keep learning from others mistakes TH? Having an experienced trader critique your trades and guide you through the learning curve will be a lot more efficient than a newbie like me blindly watching hours of NT?
l.... then you shouldn't be trading with real money and therefore should be straight back onto sim gaining more experience until you do.
But part of the learning process is getting punched into your mouth too, the bitter aftertaste and choking feeling after loosing day, finding the strength to recover only to become stronger, ...what a journey!
But part of the learning process is getting punched into your mouth too, the bitter aftertaste and choking feeling after loosing day, finding the strength to recover only to become stronger, ...what a journey!
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