Wrote it up in my summary last week, need to update rules with this though.
"Follow the plan. Never argue with what the High's and Low's say. If you do, don't enter (you will be fighting the market)!" (GOOD)
"Follow the plan. Never argue with what the High's and Low's say. If you do, don't enter (you will be fighting the market)!" (GOOD)
I also wrote...
"Get convergence on entries S/R + (20ema / .00/.50/ YHI/ YLO) . (BAD)Which often makes doing the first statement impossible. As when you see a HL @ S in an uptrend you defy the first statement if it hasn't got another bit of S. So you end up fighting /defying the series of HHs- HLs. The truth as Al Brooks says is you've got to expect price to test the prior high in someway before it reverses. So even if price makes a HL / SL or LL if it's at S I should be trading back into R. So I double guessed the trend and setups so decided to stop in case I ballsed things up...
UJ Obs:
EU Obs
EJ Obs
UJ Obs:
EU Obs
EJ Obs
Take more trades. Its a demo account right? You aren't going to lose anything, but you will get experience being in the market. You can't make money without placing trades.
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