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investing101 replied Jan 15, 2015I found one thing that personally irritates me over the years, people filling their charts with so many lines and indicators. Believe me I have done that before and it is all garbage. Keep it simply! all you need is price action and momentum in your ...
Trading is supply and demand
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investing101 replied Jan 14, 2015Update, been a little more active this week. Profit factor now over 700.
Trading is supply and demand
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investing101 replied Jan 13, 2015Just because you are looking at a daily chart doesn't mean that is the trend! Trend is down so wait for the daily to become overbought. Now you are giving me two different time frames, the 30 minute and the daily. Statistically we cannot compare the ...
Trading is supply and demand
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investing101 replied Jan 12, 2015If a large time frame's oscillator is bullish wait for a bearish oscillator in a smaller time frame so you could go long. Pay attention to price action, if you could interpret price action you will know when demand or supply is present.
Trading is supply and demand
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investing101 replied Jan 12, 2015No trading schedule here, just made another $6000 trading the slowest market session with the widest spread.
Trading is supply and demand
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investing101 replied Jan 12, 2015Haven't traded much but here is an update, Profit factor close to 600.
Trading is supply and demand
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investing101 replied Jan 7, 2015Wait for the weekly oscillator to settle near oversold territory, when it does we will probably see a lot of churning before it goes up.
Trading is supply and demand
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investing101 replied Jan 6, 2015Then probably the oscillator is going in the direction of the trend or news came out.
Trading is supply and demand
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investing101 replied Dec 19, 2014Weekly and monthly charts are my trend. Quick opportunities for me means holding for a few minutes to a few hours. If I found discrepancies in the 4hr charts and above that would equal a swing trade for me which could last a few days.
Trading is supply and demand
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investing101 replied Dec 18, 2014On my charts I also have a sine wave support and resistance indicator that helps find support and resistance, it isn't necessary.
Trading is supply and demand
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investing101 replied Dec 18, 2014Is isn't hard to understand, if your big time frames are bullish (weekly, monthly) look for bearish situations in your small time frames (oversold oscillator).
Trading is supply and demand
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investing101 replied Dec 17, 2014If I base my entry on the 15 minute chart then go to a timeframe 4 times bigger (doesn't have to be 4 just bigger) and wait till that time frame is overbought or oversold. I stick to the trend so no stop loss for me just have enough buying power to ...
Trading is supply and demand
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investing101 replied Dec 17, 2014Even thought the prediction was off by a day or two, see why I predicted 1.24. The recent run up was fueled by political stuff with no demand. Therefore it was eventually going to crash down.
Trading is supply and demand
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investing101 replied Dec 17, 2014Follow a major trend for starters. If an oscillator in a smaller time frame is going against the trend and price doesn't react as bullish or bearish to the oscillator then something is telling you their is no demand or there is no supply!
Trading is supply and demand
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investing101 replied Dec 17, 2014Update, held a couple of trades this week, profit factor over 500 now. Attachment
Trading is supply and demand