NexusFi: Find Your Edge


Home Menu

 





Having the discipline to wait for price setup to present itself


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Trafford with 2 posts (4 thanks)
    2. looks_two mrBean888 with 2 posts (7 thanks)
    3. looks_3 Big Mike with 1 posts (14 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
      Best Posters
    1. looks_one Big Mike with 14 thanks per post
    2. looks_two Surly with 13 thanks per post
    3. looks_3 kbit with 7 thanks per post
    4. looks_4 mrBean888 with 3.5 thanks per post
    1. trending_up 4,213 views
    2. thumb_up 56 thanks given
    3. group 9 followers
    1. forum 10 posts
    2. attach_file 0 attachments




 
Search this Thread

Having the discipline to wait for price setup to present itself

  #11 (permalink)
ReaM
Los Angeles
 
Posts: 132 since Mar 2011
Thanks Given: 97
Thanks Received: 112

Hello,

I am a discretionary trader.

I have thousands of hours of screen time and thousands of backtesting.

When I look at chart I usually see nothing, but maybe once or twice a day I see a pattern which I know works, so I enter and most of the time win. After some time passes by, the pattern may not be visible any more, but in real time it's there.

This pattern has nothing to do with head and shoulders and other idiocies. It is everything, the whole feeling of the price of different charts of everything. In that special moment you know you've seen the market act like that so you just enter the trade. It's a rush decision.

It can be some dude dumping a large order and moving a market the wrong way, it could be anything, stops, this and that.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Deepmoney LLM
Elite Quantitative GenAI/LLM
Futures True Range Report
The Elite Circle
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 




Last Updated on May 10, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts