Point taken. Thanks. The list could be endless. And highly debatable. Price action is usually mentioned by someone trying to sound smart but rarely defined. They make it seem esoteric. There's a simple explanation I read somewhere... Will post soon.

Trading is as simple as 1-2-3

Yes.Each trader either figures out what works for them or their trading career ends.Thanks.

Trading is as simple as 1-2-3

Those fall under the IGNORANCE heading.Thanks.

Trading is as simple as 1-2-3

If this is your first time viewing my journal, please say "HI", don't be shy.

Trading is as simple as 1-2-3

image Did you think price would return to the daily open? Did you think price would return to the daily open after it made the high of the day? Did you think price would return to the daily open after it made the low of the day? Rather than think, ...

Trading is as simple as 1-2-3

My answer to WHY TRADERS LOSE: Ignorance is why traders lose. Believing in that which is not true. Trading is simple to do but hard to master. Buy, sell or wait. What shall one do? If only... As a trader, I do the same simple trade every day I ...

Trading is as simple as 1-2-3

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Trading is as simple as 1-2-3

image "Perfection is not when you have nothing more to add, but when you have nothing more to take away." - Antoine De Saint Exupery "It is not about adding on, but taking away. The less technique, the better you are." - Bruce Lee ...

Trading is as simple as 1-2-3

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Trading is as simple as 1-2-3

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Trading is as simple as 1-2-3

image Waiting...

Trading is as simple as 1-2-3

image Today's daily open was a natural exit point to take profit. I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price ...

Trading is as simple as 1-2-3

Do you have a specific risk to reward target for each trade? No. Not at all. How do you manage your exits? I move my stop to BE to BE+3 as soon as possible. Prefer to get stopped out near BE rather than stop out at daily high or low. For profitable ...

Trading is as simple as 1-2-3

image NFP - waiting for Bar[0] to reverse from BULL to BEAR.

Trading is as simple as 1-2-3

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Trading is as simple as 1-2-3

image Observed "Double Top" formed. Only mentioned but has no effect on trading.

Trading is as simple as 1-2-3

image Something just "popped out" - the brown lines are the top and bottom of the previous bar/candle! Easier to see using candles.

Trading is as simple as 1-2-3

image I repeat this so new comers don't have to go back to the first post: A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar. A ...

Trading is as simple as 1-2-3

image There is nothing sexy or cool about this. Simply waiting for a new daily high or low to occur. No fancy looking indicators, only lines and a digital gauge. One need not be very smart, only consistent, to be profitable. Many stop by ...

Trading is as simple as 1-2-3

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Trading is as simple as 1-2-3