Yo E!!!!! You kno I gotta give it to you and who ever else u got in the lab wit you. You have come up with some sick stuff. It's forcing me to get out this slump I was in and study. And really do some backtesting. You've given alot of eye opening information. I just gotta lock in and be more disciplined. You put the blue print out for the world...Yo E!!!!! You kno I gotta give it to you and who ever else u got in the lab wit you. You have come up with some sick stuff. It's forcing me to get out this slump I was in and study. And really do some backtesting. You've given alot of eye opening information. I just gotta lock in and be more disciplined. You put the blue print out for the world too see.Show more
CoffeeShopCryptoGlad youre starting to see the forest for the trees my friend. You have to keep something in mind when it comes to studying how to trade. They say...Glad youre starting to see the forest for the trees my friend. You have to keep something in mind when it comes to studying how to trade. They say "You Need An Edge" and to be honest thats only part of the master plan you need to have for yourself when "finding your edge" or building strategies.
Notice how i pluralized "Strategy"
You CANT JUST HAVE ONE STRATEGY. You need to have multiple.
Understand them.
Understand when to use them.
Understand when NOT to use them.
Understand when the market presents itself that you DONT have a strategy to use on this particular type of market.
When you need the aid of an indicator and which one is needed for that particular market.
Once you understand that last one (Above this) you need to know when to turn ur indicator ON or OFF.
even this point is key in development:
I had a conversation with someonecre80rr a number of days ago and he was using a pivot indicator on his chart but noticed that it was not catching the pivots at certain points.
The problem was that he forgot the market is fractal. So he had his pivot indicator set for (7 period) but at certain points it does no good and needs to be set to (3 period)
In other words there are times when you need to adjust your indicator settings to help confirm what you are looking for.
All of this should go into your analysis every single day and every single time you look at your charts to get setup.
Honestly when im trading long enough to run through London and NY session, wipe everything off my charts 3 times as the market moves forward.
CSCFoundationThat comment basically summed up what I dm you about . Ugh the frustration. Hard part is knowing when the market starts its new phase to use a...That comment basically summed up what I dm you about . Ugh the frustration. Hard part is knowing when the market starts its new phase to use a different strategy. That will be a good ticket Show more2 years ago