This is about my personal rejection of a few of the quotes ( i.e. Plan your trade, trade your plan ). How some price action is much tougher to trade and is much more difficult to hit bigger targets, or to have smaller stops ( example given...as I see it ).
Buying Hedge
11.21.19 Oil market expanding to the top of the range. Loquaciously working my way to a conclusion to how the market may behave today.
11.20.10 DXY Gold Oil: a look at reversal strategies factoring risk vs reward...including early risk vs risk from stater entries...and effect on ability to stay with a trade. Talked about 135 patterns.
TVC:USOIL on H4 charts was in an uptrend which looked to have entered a momentary pause While now it may still be looked as in a channel, but seems to be making higher highs and higher lows, slowly but steadily moving upwards Watch out for breakouts on channel and then await confirmation signals to buy Cheers
Who knew that a coil could be the source of so much misery.? A look at oil and DXY/Gold with respect to coils and how this can generate stress and counterproductive trading decisions.
Follow up; some price action talk. Caution with NWL.
gold, dxy, oil, copper, enph.
comparing the "old" pattern to oil with highly profitable swings to the way it is swinging ( or not swinging ) now. Then I briefly compared price action of oil to gold.
Scaling techniques can have a highly beneficial effect you trading results...and "Bale you out" of costly market corrections if you have a working understanding of market dynamics...and you recognize that adding positions also increases your risk exposure...and should be factored in accordingly. Here is an example.
How to handle difficult trades.
Details on charts below. NOT ADVICE. DYOR.
Using bitcoin MACD (log scale) minus histogram
Bitcoin going down; USOIL going down (USOIL MACD line, Signal line, Histogram, all negative);SPX going down. Deja Vu? NOT ADVICE. DYOR