Hi
Thanks SS to post the peace of chart which is left after cutting away the black triangles. You may asked your self, what this little exercise is about?
It is easier for us to trade horizontal S&R lines. Many big trading companies trade mostly only horizontal lines. Why? Because it is easier and many of these traders only know how to go a future long or short.
I have worked with fund managers, which had no clue about any special hedge strategies. They only went short or long the whole days, sitting in front of there screens and wait for a signal from there system.
What I showed in the last chart on an uptrend is more for individual traders, what not means, that they not can be whales. A big hedge fund company is like a factory. There are traders which do some simple systems and the better and more experienced once do have other products they manage.
Such products are some times not available for the public. So, if some one says I work in a hedge fund company that does not mean, that he is a great trader, even if he can play with a few million USD. He may is only one of them, which do trade an automated system and beside that has no ideas about any advanced way of trading.
Coming back to the last chart: If we trade such pictures, we really have to adjust our trading style, even it is clearly only range trading. But as the market moves inclined, it makes it more difficult to trade it. It is each ones personal choice, what he likes to trade with his knowledge.
I gave you now ideas on different time frames. The ranges always have been there. If we BELIEVE in what we trade and use for our trading, we will become successful with what we use for our trading. We then will trade it to the best possible way and we will become successful with the tools we use.
It is our: I BELIEVE IN MY TOOLS AND KNOWLEDGE, which can make us successful traders and nothing else.
The next chart will give you an idea that P&F also works on a short time frame. It is a Chart with a 15 min time frame on the JYE/USD.
And here just some thing to remember you, that your brain tells you what you see and not your eyes.
Tc and do some sport to keep your buddy in healthy conditions.
DanPickUp
Thanks SS to post the peace of chart which is left after cutting away the black triangles. You may asked your self, what this little exercise is about?
It is easier for us to trade horizontal S&R lines. Many big trading companies trade mostly only horizontal lines. Why? Because it is easier and many of these traders only know how to go a future long or short.
I have worked with fund managers, which had no clue about any special hedge strategies. They only went short or long the whole days, sitting in front of there screens and wait for a signal from there system.
What I showed in the last chart on an uptrend is more for individual traders, what not means, that they not can be whales. A big hedge fund company is like a factory. There are traders which do some simple systems and the better and more experienced once do have other products they manage.
Such products are some times not available for the public. So, if some one says I work in a hedge fund company that does not mean, that he is a great trader, even if he can play with a few million USD. He may is only one of them, which do trade an automated system and beside that has no ideas about any advanced way of trading.
Coming back to the last chart: If we trade such pictures, we really have to adjust our trading style, even it is clearly only range trading. But as the market moves inclined, it makes it more difficult to trade it. It is each ones personal choice, what he likes to trade with his knowledge.
I gave you now ideas on different time frames. The ranges always have been there. If we BELIEVE in what we trade and use for our trading, we will become successful with what we use for our trading. We then will trade it to the best possible way and we will become successful with the tools we use.
It is our: I BELIEVE IN MY TOOLS AND KNOWLEDGE, which can make us successful traders and nothing else.
The next chart will give you an idea that P&F also works on a short time frame. It is a Chart with a 15 min time frame on the JYE/USD.
And here just some thing to remember you, that your brain tells you what you see and not your eyes.
Tc and do some sport to keep your buddy in healthy conditions.
DanPickUp
Sorry I could not visit your thread for a long time. Hope you have recovered your health.
Again , Your charts are doing some magic.
