There are other techniques to trading a range: SL placement and watching for break outs.
You gotta keep learning. Get yourself a book, in my opinion. If you have $0 for books, then go find a way to save some money for books.
Books are different from videos on youtube. I think so. On youtube, some guys are just giving you side A, and you have to pay to get side B. With a book, it’s more comprehensive, and cheaper. If you can’t get a book because of shipping limitations, try to download an ebook. Books have more info than any one person is willing to explain at one time.
Thanks man, but I personally take more preference in reading than watching videos and have read a lot of other books even other than school of pipsology. But I feel trading has more to do with practice than knowledge. And that’s why am working more on testing out strategies now.
Yeah, I’m doing the same thing. I’m practicing a lot, and reading as well.
Right now I’m reading about trader psychology.
Keep up the good work!
Traders psychology…I have a couple of videos on that but I haven’t really taken the time to study a book extensively on that. Thank you…maybe I will try to include that in my schedule too
I have always had the feeling that moving averages and other TI’s don’t do much more than clutter up a chart. Don’t ask me for numbers or success stories involving real money to back that up, cuz I don’t have any; I’m still learning here. But I’ve heard several people talk about simple pattern trading with naked charts and how it’s worked for them. A lot of folks like to over-analyze and over-complicate things. I’m one of 'em. But as I continue to practice I’m finding what works for me is the old K.I.S.S. method.
But everyone’s different. You listen, you learn, and you take what resonates with you. You can’t take someone else’s system and simply duplicate their success. You ain’t them. A lot of what’s here is useful, but you gotta make it your own.
But that’s all just my opinion.