Futures: We can see a great multiyear low (which is more obvious in the weekly chart, note that this is a daily) and some consolidation. If you want them in the comments Ill offer some up but the important thing is for you to actually apply this knowledge first. This is a very doable plan if you trade, for example, Nadex Spreads or Binaries, which can be traded from 49 different countries. Some days its okay not to trade at all. . Trade like you are hunting with only 2 bullets. Ive gone through streaks of 40 failed trades in a row. The decision was made to exit the trade on the touch of Value Area High, which yielded the following: Daily Binary:.50 Profit against 25 Risked, for a 90 return on capital risked (exchange fees not included). I saw another today at Starbucks, he didnt buy a drink and he smelled funny.).
Is this a good strategy or not? What does my profit plan look like using this strategy over 40 demo trades? Is it a keeper, or should I chuck it?
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What was your state of mind that day? Trading can be volatile and investors risk losing their investment on any given transaction. When did I make the right choice? Is it making higher highs and higher lows repeatedly? People will devise elaborate narratives around their ideas they want you to buy into. Thats 4 steps and a ton of time. You will forget whatever it felt like to lose and you will make trades outside of your method. Point of Control, the price level where the greatest number of trading activity occurred.
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I did not take advantage of this *perfect* set up ;-( but I am looking forward with another trading day with your help. Instead, going long at Support is a better trade. You can useRead more
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