Btw I tend to get caught up in the “rules” of a trade and I’m not good at the art/feel side of things, so that could be where I’m unsure
Be very very careful of trading by “feel”. The worst thing I ever did as a trader was switch to a platform with a price ladder and I would get sucked into into the highs and lows of price moves because it “felt” like price was going to do certain things. Sometimes it worked and human selective bias ensures you remember the successes and forget the failures. I still use a price ladder to place orders but it took me years to stop focusing on it and keep my eyes on the price charts. Great stories are told when you stay focused on the charts. And if your strategy is based on the close of bars, DO NOT CHEAT. The most bullish or bearish-looking bar can close with a totally opposing signal.
Continue ReadingAll posts
Mini Lessons September 21, 2022