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4) All of this combined together makes the understanding of reaction
You see large transaction at the low of the day 2000
Some period of time after this you see price is going up 3 points 2000-2003
Once again at 2003- you see large transaction
And price continues higher 3 points. 2006
At 2006 you see large transaction and price try to go higher but could not
Once again 2006 large transaction - price stands still
Once again 2006 large transaction - price stands still
You think "I think it will go lower now. I see heavy seller here"
But price does not goes lower. It continues to stand 2006-2005 and print large transactions. This is actuall a reaction of pros to this situation. And this is one type of reaction. They continue to hold long and buying.
But it could go lower at 2003-2004. Than this is another reaction to 2006 price and transactions at this price. They drop longs and start to selling at the ofer.
If you could to understand which of them you see you could trade them
This the key words )))) This is what market about ))) to make you think the way they want
All right guys, I think I see what is the problem here.
I was chasing the wrong thing the whole time. A method that will tell me what is going to happen next. Something that is going to predict price movement for the next minutes or couple of ticks based on the events of the past.
Whats wrong with this approach?
It doesnt matter how strong the support line is there, how many contracts traded there earlier, how many bids are pulled out, what was the employment data like, not even my horoscope. None of them will stop or move the price up or down.
These are history, nothing more.
Only the orders during the following minute will determine what the price is going to be in the end of the next minute. Market and limit orders of other traders.
What are those orders gonna be? You can never know. Even if you knew that a big player will come in who has the buying power to clear up limit orders from several price level to move the price up or down, a bigger fish could come in too and fade that move.
The best you can do is to abandon all your expectations and focus on what’s happening NOW by following other traders reaction.
Then re-eavaluate the situation, price by price, second by second, tick by tick and react if you have to.
How couldn’t I see this earlier?! It is in the very first post:
Now you can answer most all questions i have askin you))))
But you need a lot of screentime ))) ALOT of screentime)))
As you encourage i recomend you to take off charts and use only a tapes and LVLII
Make a records with your comments share your expirience ))))
I guess we can start working together, as we are talking the same "language" now.
It's gonna be a fresh start for me but still better to start from the beginning in the right path than keep going in the wrong direction.
Now I have to re-read and interpret all your posts again and completely change the way what I think about markets and trading. It'll take some time and require a lot of efforts to get rid of the old bad habits but I'll do the necessary work.
So Shall I make the recordings without charts?
I am not going to like it.. but I'll do what it takes to develop this skill.
You even did not try it but already have opinion. Be grounded to NOW. This is the future you think about and do not know the future. May be you will like it so much that you will throw away all of the charts)))
And btw if you use charts use tick charts. 150 tick for fesx is a good one.
Do not do this. All my post is the only thing - show the Chane remained Unchanged )))) Google rules the world ))))) Hahaha
This is so wierd ))) Like a robot bobot ))))
Practice and prcatice. Perfect practice make perfect. All you need is to focus on the main things now with right mindset.
You NEED to TRADE market now, Sim or Real does not metters. You need to place a trades based on your evaluations and manage trades. This will give more and more experience. And do your trading without chart. Than after look at the chart and places you trade. And please Share with us your results ))) screenshots ))) of your chart after no chart trading )))
Cheers )))))
Wait a minute. I have already see this somewhere. I think @adamov you will see where actuall everything had changed to short.
Call the price at which market change it mind)))
And welcome to the Russian Hard Rock band show. Ariya loves you )))