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Telechart was pretty sweet. This was huge, to realize that I can see a trade on one timeframe and make a mistake of trying to trade that "bias" or signal on another timeframe... doesn't work.
I wonder how many "welcome to a new era in your trading" moments I've been through, and blown up an account right after it or at least done really bad.
Can you help answer these questions from other members on NexusFi?
What a system! All that needs to happen is... trade with an existing trending market, find the support and resistance and trendlines, find a pattern, make sure the MACD is in the right condition, look at the recent series of moves in 3 different indicators and check for divergence in them, look at volume and patterns in it, then find the candlestick reversal pattern.
Probably make sure the moon is in a waning crescent too.
Here I'm noting that I still have a big need for some type of methodology to work from, a plan to trade. Demanding that I start entering reasoning for trades or use some type of checklist. This was always a real struggle for me, not taking whim trades. Actually it still is to this day, I just do it much less often as I don't enjoy burning money.
2-27-2007 My first real taste of a massive drop in the overall markets, and being fully loaded in positions when it happens. Learned how the rising/lowering tide lifts/lowers most boats. I was shell shocked to say the least. Immediately felt a need to scramble for some other method to profit in such conditions.
The frustration during a volatile time continues. There was definitely a feeling that I had to FORCE the trades onto the market, standing aside was never an option. BUT IT ALWAYS IS. Especially when we're not equipped to deal with a situation. Then again, having the real money at stake, and the real emotions involved, was some good tuition for me. Hard to say.
Remember how before I was saying, "yeah... let's find the huge spikes and trade those! big $$$ baby" Well, here's my reaction to giving that a whirl for a while.