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Not boring at all.
But how do you know you are taking the 50% off the correct high/Low?
Perhaps the answer is in earlier posts. If so, just say and I will look - I am a sucker for new knowledge
Hi Turnip,
Mate, the whole idea of the charts I post is for new folk to consider, FIRST, before they start trading (by pushing a buy/sell button)
what exactly IS the environment we are all playing in.
So the market mechanics & behaviour are just a 'starting point', Geeorge mentioned this quite a bit.
Once we have the plays understood we can then progress into the arena of setups, templates, indis, vols, maths etc etc etc
If the market is organised, and I do not mean manipulated, such 'organisation' we might find would be to our advantage.
Because of this,
'Who or whom' initially takes the EXACT opposite side of our trade (and all retail trades imho) is a question one should ask themselves,
and what then happens AFTER that.
Much of this has already been discussed, but in the end only the trader THEMSELVES can formulate a paradigm of the market from which they trade.
For example some folk will take week long & month long ongoing trades.
Can you imagine the amount of ups/downs/intraday pullbacks that might occur over that period, with consequent up & down of equity requiring mental fortitude etc.
For a shorter term trader then the immediate WHERE & WHEN of the trade would be most important to their short-term TRADE
But how can anyone trade without having an idea of the environment they are trading in, unless they just enjoy gambling
(and if thats the play well why not good for them).
Sorry mate, so your question, "which is the right swing point" to choose
well over the past 3 days there were swing points WITHIN swing points that still provided the same 50% area of "attraction" for the market
(much like any other target might attract interest).
As a trader, we must evaluate through observation or maths etc what is right for us, during the session for us, on the timeframe for us etc.
As such, there is no ONE answer or ONE point on the charts ONLY that each & every trader will focus on.
But if they DO. And if they trade THERE & then (all of them), then we must ask ourself again the "rhetorcial" question that I ask myself
"If our points of entry on the chart are so perfect for all us retail traders based on all our indis, templates etc then ... who the heck would be taking the exact 'opposite' trade at the same point to facilitate our trade happening"
Then, when we can process that main issue, we might progress inch by inch in the minefield of forex currency trading
All the best, sir.
Another London Open line with price revolving around it and crossing the line and price structure, for a short. Question mark is where I noted confluence of a level and number.
)))))).
