Monday, December 13, 2010
Same scenario
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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6 comments:
Very true.
I know one guy who charges in four figures for his workshop and then bills $100 every month forever for very simple scalping system. Trade after breakouts when price settles and price is not in the range.
Unchanged pleasure to read your blog...
Keep on doing good,
Sparrow.
Dear Constantino,
Would you please detail as to what is an 'ascending support'. Is it an ascending trendline or a moving average?
And do you take the trade on the touch of or bounce of the ascending support.
Many thanks..
Tc:)
K.Singh
hi k. singh,
"ascending support" is not an indicator! It's pure price action observation. It is like the higher low but not exactly that. I will try to explain with a chart.
So sweet of you.
I will wait for the chart..
Hava nice day..!!
This is such so crucial for us to gain experience because there could be many times where market will react same type so it depends on us if we have the alertness to spot it and if we do then we can make great money from it. Right now been working with a broker of OctaFX caliber it’s a pleasing situation for me since not only I can spot these easily due to the famous cTrader platform but also react so fast due to their instant execution of trading orders without delay.
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