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BiteFX replied Nov 19, 2024The new buy order has printed new high... Making a HH for the day. I hope to ride this also if there is no strong counter sell trend.
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BiteFX replied Nov 19, 2024What blew most accounts, I don't know for other traders, but for me... 1. Over leverage thinking I have connered the market with a super entry strategy without a super exit strategy. 2. I read many blogs, books, FF threads, articles of trading but ...
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BiteFX replied Nov 19, 2024Until then, the uptrend will continue to rise, and buyers will continue to buy. I read this somewhere, I think Steve Nison said it,... A trend will continue until a stronger counter trend starts. (Paraphrased)
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BiteFX replied Nov 19, 2024OK, I understand. But, I cannot imagine the stress trying to plot those lines again and again when I change my phone or laptop. Meeeen. Ah!
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BiteFX replied Nov 19, 2024Men, we never do. I have said that over and over again in the past years. I am very young into trading like six years now. We never do quit. I can assure that. Let me show you how I came out of that. 1. Open a Cent account 2. Fund 1000USD it becomes ...
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BiteFX replied Nov 19, 2024Ah! Bro, how do you read price movement on the chart with all these. Trust me, I have done something like this before, I can't remember which of my former threads now. But, it's too rough to make you psychologically balanced while trading in the ...
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BiteFX replied Nov 19, 2024Simple trend continuation Proper money management Enter with confidence.
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BiteFX replied Nov 19, 2024So the creepy thought would be... If I had loaded this trade, ah! I would have gotten xyz... No o, still you risk 2% of your equity. Because every trade and each signal is independent of a previous trade and signal. This must sink into my ...
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BiteFX replied Nov 19, 2024HHHL/LLLH show me market direction.... every other indicators should provide confluence to this. Then money management brings confidence to enter the trade. Law of large numbers tell me if I do it long enough, I will catch a riding win with minimal ...
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BiteFX replied Nov 19, 2024Speaking of which...blew so many accounts...as I will always deceive my self that the signal was a sure banger. My take, please, never put indicators on your chart until you understand basic market structure without the indicators.
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BiteFX replied Nov 19, 2024I have been so focused on Market Structure on plain chart recently that I forgot such an indicator as Bollinger bands existed. Thanks Patience...I think it provides more confluence to my trading.
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