I am waiting for the the price to break the the B point, and wait for a retest & then go long & complete deep crab pattern. :) I always make sure I keep two key things in my trading style: 1. Accuracy 2. Simplicity
You know, trading has taught me a lot. it has taught me to accept my mistakes & not dwell on them too much. It has also help find the the real me & also made me understand that success is not easy. I remember when I start, I never understood shit, I just want to make money. at some point, there was little voice telling me this is not for you when I crushed two real accounts in a space of 2 months. and I said to myself, this voice has to stop now! because I can do this! That is when I realized how bad I wanted this. Yes I am not a 100% trader but I believe in the work i put in this thing, therefore I trust it has surely became my passion. And I am so grateful for that. :)
Great analysis. Yesterdays Daily candle wasnt convincng for me. Im looking to short this baby. Waiting for confirmation.
TitoMario
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@1dee_, Thank you Dee :). Trading is only a patience game. I am looking to place another long entry. therefore I am waiting for the price to break the B point. After all study & practice of the quarter theory my trading style has improved a lot. I have really enjoyed working with the harmonic pattern. They made me understand that the market movement is a measured chaos, hence that is why I prefer drawing them out. I'd say they give me 85% winning rate. So harmonic pattern they align the market order & flow of the market. I trust the big guys, your hedge fund bank they using the same strategy. :) Good luck on your trading plan.
1dee_
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@TitoMario, I like how you are honest about your beginning in trading and the voice inside your head, im sure most of us have heard that voice during draw downs. Im glad that the harmonic pattern has been giving you consistency to me that just look difficult, maybe i just don't understand them yet. I am a relatively new trader, only hitting form this past month :) I had months of blown accounts and despair.
TitoMario
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@1dee_, I am truly humbled :) . I can help you understand them if you don't mind. after all you live you learn, therefore blowing accounts was a learning curve.
1dee_
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@TitoMario, That is true, you live and you learn I had to deal with my psychology and be open to new information and that is when things started getting better, so I don't mind at all, actually I would greatly appreciate learning your patterns.