Trading Basics

Discussion in 'Trading' started by schizo, Nov 15, 2023.

  1. schizo

    schizo

    I'm in the process of cleaning out my library of dusty trading books. So I'll be outlining here some tidbits of wisdom that I find inspiring.

    For instance, spotting a trend continuation early can be very lucrative. More so than spotting a reversal.

    upload_2023-11-15_16-58-32.png

    Did you know trading is more about market rhythms, which are manifested in price swings.

    upload_2023-11-15_17-0-35.png
     
    KDASFTG, Ivano, fabledgoat and 7 others like this.
  2. maxinger

    maxinger

    A good example of trend continuation.

    Sadly, multiple trend continuation doesn't happen every day.

    Sadly, a choppy market happens almost every day.
     
    tony.m and Darc like this.
  3. schizo

    schizo

    That's why you need to train your eyes as if were a sniper, quietly waiting in the corner, for days on end if necessary, for your prey to show up.
     
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  4. padutrader

    padutrader

    very true
    if it is a bear just look for double tops.... and trading ranges which form double tops near the top of range.
    i always see them 10 hours late
    the reason i did not see it in 30 years because i was looking for the 2 wave in ABC or the fourth wave complex correction or the wedge top/bottom, or the expanding triangle, or the broadening top.... you know simple stuff like that
    now double bottoms and tops are invisible and no can see them.
     
    Darc likes this.
  5. padutrader

    padutrader

    you can shout your head off in all the forums
     
    schizo likes this.
  6. padutrader

    padutrader

    yikes i hope you are not copying me and trying to teach .
     
  7. padutrader

    padutrader

    are you trading for that?

    once you see it and start trading it and making money, they will spring the trap
     
    Darc likes this.
  8. padutrader

    padutrader

    you mean chop like this today? e1.png
     
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  9. padutrader

    padutrader

    check the forex market
    do not go near spot fx but futures
     
    Darc likes this.
  10. maxinger

    maxinger

    #10     Nov 15, 2023
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