karasinga wrote:Metasploit wrote:Metasploit wrote:karasinga wrote:Spikes wrote:karasinga wrote:bartum wrote:Heavy
supply at 12.75 for last 2.days
on the contrary, i think it is demand around 11.6. look at how PA is spiking from below...It is interesting how we look at the same thing and see different things. keep those posts coming. best wishes
@ Karasinga I have been thinking deeply about trading. I discovered the same trend you already highlighted. Individuals tend to see opportunities in completely different perspectives. No wonder others make money while the rest are losing or stagnant!
your observation is right. IMHO, it boils down to:
1.
Trading plan- what does your trading plan say about potential opportunities. If you dont have one it means an up tick might indicate an opportunity
2.
Order flow- I always ask myself how much break down is there? should the bulls/bears have allowed price to come here? Who is in control at the moment? is the buying stronger or is the selling?
3.
direction- no wonder the name of this thread. we retail traders don't move prices....(please read this again). we rely on the power of institutional trading. We must therefore align ourselves with the strength of the market(opportunity). Gut feelings and news have NO role in this business.
I should add on stop loss.A common misconception is that TA is 100% accurate. Occassionally you will get false buy or sell signals.Learn to have stop losses
well said mate. "TRADE WHAT YOU SEE..." hope this phrase now makes sense
One should never attempt charts on erratic counters such as NBK.. Chances of loosing your mind are high
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21