[TheRumpledOne]

I want you to notice something about your replies... are they "observations" or "interpretations"? There is a HUGE DIFFERENCE.

Observations would be:

"The rightmost candle is red."

"The rightmost candle's high was lower than the previous candle's high."

"The rightmost candle's low was higher than the previous candle's low."

"Price closed down"

"The bars seem to span about a hundred, or more pips each. Some have long wicks, and some with a little being either above and/or below the bodies."

Interpretations would be:

"i noticed the reversal candle (is it called a Doji?) that signaled the big ride down town."

"there's consolidations & breakout"

Do you see the difference?

The point is OBSERVATIONS are facts. INTERPRETATIONS are opinions.
Facts are true statements. Opinions are debatable. Facts will make you money. Opinions can cause you to lose your entire account.

When you can state OBSERVATIONS instead of INTERPRETATIONS then you will taken the first step to NEVER LOSING AGAIN.

Next question:

IF YOU GET ON THE WRONG TRAIN, HEADING IN THE OPPOSITE DIRECTION THAT YOU WANT TO GO, WHEN DO YOU GET OFF THAT TRAIN? DO YOU GET OFF ON THE FIRST STOP OR DO YOU WAIT UNTIL THE TRAIN REACHES ITS FINAL DESTINATION?

TO BE CONTINUED...