Nice effort GF, You guys are doing fine, considering how long we...

  1. 16,642 Posts.
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    Nice effort GF,
    You guys are doing fine, considering how long we have been doing this for........ just about a month or so.....

    I know it is a lot to take in all at once......and once you have digested it all.......then you have to put it all into context with the chart...it takes a while.

    Just a hint when analysing bars in hindsight, if you are unsure about a particular bar, just look at what the next bar has done in response to the questionable bar, it will often help you.

    In the 'real world' this happens all the time.....you will question what the intent of a certain bar is, and will have to wait to see what the next one does to clear up your questions.
    Remember the story unfolds bar by bar, so you wait until you understand the story, before opening a position, or watching for a potential set up.
    There will often be times when you won't know exactly what is going on.......you may have some idea's of what is going on.......and have some plans for a trade if it does this.....or that.....but you have to wait for confirmation of the set up first.......

    But at other times, everything comes together nicely, and you will be quite confident about what has been going on. The chart will make sense to you, and you can be fairly confident about what will come in the future.
    It is at these times, when low risk positions positions can be taken.

    cheers
    Last edited by Jako8557: 17/02/16
 
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