I just want to share what I find today about consistency. Many of you might already know what it means to your trading.
I have spend many months from a beginner in this trading world, to... still a beginner. I have always question myself when will I become a consistent profitable trader. How can I tell if I am one?
Mark Douglas suggest that we take a 20 trades...
Thank you for stopping by, I hope you enjoy reading this. The reason I write this post is to asked for different opinion to improve myself as a trader where you might see things that I don't, and I want to strongly define how I trade and be more certain that what I am looking for when trading (this overtime will get integrated to my intuitive functional...
1. Price consolidate near resistance level, after last touch with resistance line, price head down for correction
2. Price immediately react to this zone and reversed quickly, but bears power still around so price pushed down a little back to the trendline, this is a good entry as well, but hard to spot at the time.
3. Price hit resistance area once again and...
H1, H4 stands for 1-H Chart, and 4-H Chart
M15 stands for 15-Minute Chart
(Please ignore numbered item in H1)
First of all, in H1, H4, market shows us we were in a nice uptrend, and I think we still are until market shows us reversal signs.
Zooming in M15, I saw price did a huge spike and quickly bears got back in control in 1 and 2.
At 3, we can see bulls...
Market H4,H1 move in a downtrend as general direction, but its fluctuation is extremely volatile.
I take a closer look to M15 chart and see price reject at major resistance area. However, I am uncertain where price likely heading to.
1. Price at major resistance zone and developing a M15 downtrend
2. Price just bounce back and may likely to get back to upper...
On 1-hour chart and 4-h chart show that price of USD/JPY pair is in uptrend, and it looks like heading to support zone as a correction. 2 scenarios here.
1. Price hit previous high (resistance turned support) and create 15-Minutes uptrend
2. Price hit 1-Hour/ 4-Hour major support zone and create M15 / H1 uptrend (M15 - 15-Minute; H1 1-Hour)
Either one, when and...
