Learn How To Fish

[VJAY]

Yesterday I uploaded chart in hurry...just noticed that not posted in thread

 

[VJAY]

Break of my own rules ....actual no trade day ...

 

[VJAY]

When you look at a chart, ask yourself:

1. Where has price been?
2. Where is it likely to go?
3. What’s the risk if you’re wrong?
4. What’s the reward if you’re right?
You want to look left to plan right.

 

[VJAY]

How sideways spoiling game?
This month we got only 2 days of trend ... in other thread one of our TJ memeber(head strong007) said we need to avoid trades in sideways days which will increase our winners also handle our emotions when sl hits in these days....in 5days winners came when in trending moves only ...in sideways its SL hitting days ....So dear friends try to adjust yourself to (tweak some rules) to atleast stay sideline these days though we may miss initial trend when trend starts.....my method given 9 trades 3 winners+6 lossers...though ledger with small loss only.....

 

[VJAY]

One of the biggest mistakes that new traders often make is to change trading
styles at the first sign of trouble.
Constantly changing your trading style or trading system is a sure way to
catch every losing streak. Once you are comfortable with a particular trading
style, remain faithful to it, and it will reward you for your loyalty in the long
run.

 

[VJAY]

Build Your Trading Plan
“Fail to plan and you plan to fail” – Those who are serious about being
successful traders should follow these words.
Writing a trading plan doesn’t guarantee an absolute success. It only helps
you stay focus and avoid costly mistakes. By documenting the process, you
learn what works and what does not, and after the market closes you can re-
evaluate your performance and easily pinpoint where you went wrong.
Each trader should write their own trading plan, including personal trading
styles and goals. Using someone else’s trading plan doesn’t mean it will work
for you too.
A trading plan is a set of guidelines and rules that defines your trading
activity. It can be quite handy when you have to make quick and wise trading

------copy pasted from a book ...

 

[anml]

Bro , according to this

is there a vph ,vpl ? (orange color marked ) , yesterday im marked these vp s in my 5 min charts , is im still missing / stuck in basic itself ?

 

[anml]

Taking all vps into account , (not in HH HL vp s and LH LL vps ) marked some trading possiblities ?!

 

[VJAY]

Bro , according to this

is there a vph ,vpl ? (orange color marked ) , yesterday im marked these vp s in my 5 min charts , is im still missing / stuck in basic itself ?

Its upgraded vp's ...I not using it in my trades....

 

[anml]

Ok Bro , also please do your comments for other charts also , Thanks.