black bear
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FAO SPLIT...... please make Split aware of this post nine
A simple experiment might help me make my point. Next time anyone gets the ‘urge’ to take a position in the market just stop for a moment. Bring up a chart or two of the relevant instrument. Now place yourself in two scenarios and answer the following two questions;
1 ) Imagine that you have recently gone long in this instrument – where would you place your stop?
And...
2 ) Imagine that you have recently gone short in this instrument – where would you place your stop?
Once you have identified the two stop areas you have identified an area where taking a trade is of much lower risk. It is of lower risk because you have found an area where temporary price deflection is likely to occur. In those areas the 95% are flushed out of their positions purely due to price – this is where you can step in. Obviously, if you have supporting volume as well then you are more than likely onto a good thing.
Right – I need some sleep!
Steve.
Hi nine
Hell that was late in the day, I had given up![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Make sure Split sees this post please, thanks do not no how I missed it.
Good spot
and by far the most useful and correct post / posts I have read in some time for actually making any money imho
Split that is correct imho = as good as your simple trendline post that day to me, that post made an impact on me because you made me re-examine everything again which did me the world of good.
We are quits Split its been a real pleasure posting with you and around you![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
thanks and adios amego, all the best :clover:
Off to the cavern to watch my ladddy boy play his Sax, then off on holidays for the next few weeks![Stick out tongue :p :p](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Great posts Steve![Thumbs up (y) (y)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Andy
A simple experiment might help me make my point. Next time anyone gets the ‘urge’ to take a position in the market just stop for a moment. Bring up a chart or two of the relevant instrument. Now place yourself in two scenarios and answer the following two questions;
1 ) Imagine that you have recently gone long in this instrument – where would you place your stop?
And...
2 ) Imagine that you have recently gone short in this instrument – where would you place your stop?
Once you have identified the two stop areas you have identified an area where taking a trade is of much lower risk. It is of lower risk because you have found an area where temporary price deflection is likely to occur. In those areas the 95% are flushed out of their positions purely due to price – this is where you can step in. Obviously, if you have supporting volume as well then you are more than likely onto a good thing.
Right – I need some sleep!
Steve.
Hi nine
Hell that was late in the day, I had given up
Make sure Split sees this post please, thanks do not no how I missed it.
Good spot
Split that is correct imho = as good as your simple trendline post that day to me, that post made an impact on me because you made me re-examine everything again which did me the world of good.
We are quits Split its been a real pleasure posting with you and around you
thanks and adios amego, all the best :clover:
Off to the cavern to watch my ladddy boy play his Sax, then off on holidays for the next few weeks
Great posts Steve
Andy