Read on Twitter
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Had 3 phone chats last 48 hours all same subject matter regarding
1. loss or lack of confidence in trading due to losses or lack of clarity on trade entries due to prior losses and or simple uncertainty.
Markets are very jittery right now especially if you attempt to trade
Had 3 phone chats last 48 hours all same subject matter regarding
1. loss or lack of confidence in trading due to losses or lack of clarity on trade entries due to prior losses and or simple uncertainty.
Markets are very jittery right now especially if you attempt to trade
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hi Beta Names with large ATRs and are hinged to every news headline known to media.
Here is an example of mistakes made due to lack of understanding #Priceaction
#ValueAreas and how to stay out of chop and get bloodied up until a real move is ready.
Unless your a seasoned
hi Beta Names with large ATRs and are hinged to every news headline known to media.
Here is an example of mistakes made due to lack of understanding #Priceaction
#ValueAreas and how to stay out of chop and get bloodied up until a real move is ready.
Unless your a seasoned
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experienced scalp and day trader type
$TSLA right now is NOT a name you want to be in.
Here is why. look at these 2 #Maps one is daily the other is weekly. On both, I have shaded in a #ValueArea which is an area that over time has created the Most Value!
Yes #VALUE so what
experienced scalp and day trader type
$TSLA right now is NOT a name you want to be in.
Here is why. look at these 2 #Maps one is daily the other is weekly. On both, I have shaded in a #ValueArea which is an area that over time has created the Most Value!
Yes #VALUE so what
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exactly is #Value? Well, things that have value tend to have price, time, supply, and demand right? so #ValueAreas combine all of that within a range and a period of time. So what we do in @nydough is we build trade entries #scales and exits predicated around these
exactly is #Value? Well, things that have value tend to have price, time, supply, and demand right? so #ValueAreas combine all of that within a range and a period of time. So what we do in @nydough is we build trade entries #scales and exits predicated around these
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highly valuable areas of trade.
ok, so let's look at $TSLA look at the #ValueArea it's 405.12 to 438.29 that's 33 points of range. Now some traders love to trade within this range and do it with a great degree of accuracy but I assure you they are not beginner traders nor are
highly valuable areas of trade.
ok, so let's look at $TSLA look at the #ValueArea it's 405.12 to 438.29 that's 33 points of range. Now some traders love to trade within this range and do it with a great degree of accuracy but I assure you they are not beginner traders nor are
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they looking for a home run! Trades placed inside this range will be fast choppy and erratic which will smoke premiums and blow out most new traders. So when you see names like this with lengthy #valuareas that haven't broken stay away! Find a diff trade & set an alert that
they looking for a home run! Trades placed inside this range will be fast choppy and erratic which will smoke premiums and blow out most new traders. So when you see names like this with lengthy #valuareas that haven't broken stay away! Find a diff trade & set an alert that
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notifies you when $TSLA is above 438.29 or below 405.12, that's when you can come back to it and will have your best success rate of a winning trade and avoid getting destroyed. The point of this illustration is that you must be able to decipher #priceaction and be able
notifies you when $TSLA is above 438.29 or below 405.12, that's when you can come back to it and will have your best success rate of a winning trade and avoid getting destroyed. The point of this illustration is that you must be able to decipher #priceaction and be able
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to recognize when and if a trade is ready to break or is stuck in a tradeless zone. I have 30 yrs of trade experience. I express this here on Twitter bcz most of my service is host to newer less-experienced traders. One of the most important things at any level of trade is
to recognize when and if a trade is ready to break or is stuck in a tradeless zone. I have 30 yrs of trade experience. I express this here on Twitter bcz most of my service is host to newer less-experienced traders. One of the most important things at any level of trade is
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being able to look at a #Map and immediately see what type of trade setup is at hand. the second most important thing is being honest with yourself and having the discipline to engage or stay away from a trade simply bcz it doesn't line up with your style or capabilities.
being able to look at a #Map and immediately see what type of trade setup is at hand. the second most important thing is being honest with yourself and having the discipline to engage or stay away from a trade simply bcz it doesn't line up with your style or capabilities.
