I thought I would take the (same) one day 11-29-14 with the same time frame if possable and create a chart showing the different trading methods I have learned or tried to learn over the years. In doing so I have come to a few conclusions. I have grown comfortable with naked charts (price action) I find the indicator methods flawed (lagging) I some I just don't want to work that hard at learning. lets face it. It is not a helicopter. that can move left to right, backwards or forwards, or up and down.or hover. Price only moves up or down a little or alot. It only appears to move forward because we are time based creatures that live in a universe based on time. I only need to be right about two directions rather than six. up or down. as hovering it not really a market at all.
In my quest for picking one method to trade. I see that while many will work. One can only trade one method well. What one is looking for is a method that shows low risk areas that either work or don't quickly. With an opportunity to win more than risk. A method to take the most out of the swings that are presented each day.(As a day trader) I am learning more towards those methods that allow me to see weakness and strength at the current price, as I look back at viewing previous swing areas. As FT 71 says, where has it been where is it going and how well is it doing it. If price truly looks for sellers (supply) as it goes up and buyers(demand) as it goes down to chance price direction or balance, the better I can find those areas of (turns) the better.
I am well aware that picking the method is the easy part. it will be the execution part and learning to be ok with being wrong and not perfect that will be one of my hardest obstacle to overcome.
The Monster Within Me
Derivative transactions are not suitable for all investors.
Past performance is not indicative of future results.
The information provided here is for educational purposes only.
The Monster Within Me
There is a monster within me. His name is Phil. These are the journal's that will record my battle with the monster and his attempt to keep me as a losing trader. But I will prevail and learn to control this monster within me. I will be a great trader, I will be in control of who I want to be.
I will SLAY THE MONSTER within me so that it can no longer control me and my thoughts.
By becoming an Observer of the self, I give authority to the Empowered parts, to be all I can become.
Brick by Brick









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