I don't have enough fingers and toes to count the number of times I pulled an order because price was running hard and fast into the level I was looking to buy or sell only to see that I would've been filled within a couple ticks of the turn and ended up with 3x the expected profit.* That's why the "how" of price movement is irrelevant to my trading plan. Everyone's plan is different though. * And I'm sure plenty of traders can woefully recall chasing price off those same hard, fast moves and ending up holding the bag at the high/low tick.
Been there, done that, on ES Journal and CL Redux, in ET's old chat room, in Robert Weinstein's chat room, and on Skype for the better part of a couple years. It didn't seem to help anyone in any way; if it did, I invite any of you old trading roomies to let jimmiebarton know just how helpful it was.
JT I'm not following you here Ignore it - no...., whether it a 1 yr bar..., or a 1 min bar - it all the same information Now.., if you referring to the TF (time sampling) of said bars - Yes.., I think one can get too far down in the weeds (1 min is my absolute max - before it makes me nuts) This isn't an either.., or - rather its a blending - of the overall & interim...., compared/ contrasted to what is currently occurring - imo With a smaller thrown in.., for a finer (I call it microscopic) view I want to see the battles..., the one side winning over the other..., the disinterest..., the stop runs..., all of it RN
Eliminate the time wasted chasing my ass trying to know the unknowable Eliminate the wasted money / time on trading services Read less books..., study live charts more Learning to trade is pretty easy..., learning to think / act as a trader - takes a lot of elbow grease - and where the focus needs to be Be more accepting of exiting..., once a trade breaks down..., and the loser still small Buy more gold RN
Had a think last night JT..., and any information we would choose to ignore - could / would be considered noise - I think Then thought about the sources of said noise - as related to trading All I could identified were three "potential" sources Care to take a stab at what they might be Little mental gymnastics to kick start the ole cranium this morning Good Trading All RN
djmartin, You trying to find time to trade while at work or you only trading when you have a day off during the work week ? If you only trade when you have a day off during the work week...how often does that happen per month ?