This is just great for us beginners.
Would love to have an insight to your thoughts of when you entered the trade back at the confluence level.
I have read your post (and thanks again) regarding this area and have done some more reading on it since and completely understand what you were saying.
As in one of your previous posts, "wait for confirmation" (yes I am new and also "here this a lot" but come on, still no "thought process of step by step).
* Understand high chance of it becoming bearish because of confluence.
Questions:
1: Are you just looking for a Lower Low and a Lower High, how many cycles of this LL and LH before entering.
2: What time scale were you using.
3: Also checked out the momentum that you talked about and it was not as strong as I thought it would off been.
Thanks.
Me:
Been trading for 5 months, internet and book based learning. Have lost $2000 in first attempt 6 months ago. Now I'm just breaking even in up and down trends. (Just like the market).
And how hard it is to follow your post on 30th Aug. So simple, but discipline I seem to struggle with.
Anyway thanks for sharing. I do like how simple you keep it.
And yes I do journal every trade, even when I do not like what I see I have done.(so so so many of "What was I Thinking :) )
Colin
great explanation of your idea! , my thoughts as of right now , longterm bullish , but gold is dropping pretty suddenly with pressure so we'll see. crazy times were in
I'm with you on this✔️