part 6 here: https://www.investingnote.com/posts/710730
Reply to @zeeq : Appreciate your constant updates. Thumbs up!
I admire all traders mindsets. why NYSE need to work in pairs now with specialists. I saw last night https://goo.gl/search/nyse+specialist
SEC.gov | Specialists A specialist is a person who is a member of a stock exchange, such as the New York Stock Exchange, whose role is to facilitate trading in certain stocks. Specialists must make a market in the stock they trade by displaying their best bid and ask prices to the market during trading hours.
Specialist - Investopedia
Who employs the specialists at New York Stock Exchange (NYSE ...
This is impulse and retracement method. Looks simple but very hard in practise because the stop loss can be very huge (we can loss our pant if lack the mental strength), long retracement can be months if not years and most importantly we are all animal of emotion.
Another similar method is Donchian channel with adjusted smaller stop loss at mid channel or at say 20% although still can be very big.
May be more suited to smaller time frames, say 1 hour.
Reply to @traderx : Well said
you mentioned about using mechanical ruleset to filter. what do you mean by that? trend filter?
Reply to @zeeq : Thanks mate.
Part 5 here:
Part 4 here:
This is a common tactic in forex. May I know whether you can provide a good guide? I tried to learn before but I cannot seem to understand how you define the base.
Reply to @zeeq : Please do it. I will be very interested to learn more from you. Thank you for sharing!
Part 3 here:
my strategy is v simple. buy at consolidation usually at a bottom and sell at cycle high or hold for turn around or growth for divid. i follow big boys buy n hold method until weekly start to turn down then i sell everything.
Reply to @Baldwin : spiking loh. as a guide only.
Basics of demand and supply theory sound simple. In practice, likely you see stars...
Reply to @mslee888 : yup this is just the basics therefore trading these patterns by itself is not enough to be consistently profitable
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