Hi @tomo22, when we are looking at Higher TF, we are still clouded by downtrend. So, the idea to short is still relevant. But, we need to observe current support. We need PA to show HH, HL.
If we play lower TF, such M15, we can see liquidity is being tested. We can do scalping with high RR. It’s also good opportunity to start averaging. The question is, will M15 analysis enough? No, look at H1, we need HH and HL to confirm reversal. So, if we want to follow M15, it have to be fast, Safer when H1 has second resistance break.
After all, everything is based on our money management.
Note: Position I put, due to diff strategy., different perspective. The analysis above is a conservative approach.
hmm interesting yes i had a position opened but closed with profit. I wasn’t too comfortable with the position and i think i didn’t really think about the overall market condition.
I will pay attention for HH and HL
What do you do when you are waiting for makret to form? Look at other CFD?
Also how do you apply market dynamic in trading. i understand how this would be done when FA is realsed however, how would this play in TA
To understand market dynamic, you have to observe swing high/low. Look how it move in last 5-10 years. Try to follow it. It’s about RBR, RBD, DBD, DBR. But you have to understand the volatility and momentum. From here you will have understand market dynamic. Look at the ranging.
Actually BabyPips’ course has mentioned it. When you dig it more, it will help you to understand more about market dynamic.
Hi @tomo22, yup it’s for trading automation. I’m trying to optimize my grid system and researching new trading methodology. Coding skill is really helpful in trading. It will speed up learning progress.
Hi @tomo22, you don’t have to buy anything. It’s programming guide, about how to develop a robot. I’m only using robot that I create. You need to have programming skill.
Im watching an hour video about JS, just learning the basics. Currently, im learning Variables, constants, sourcing and primiative types. Of course there is much left to learn, but these are just basics. Node was one of the topics and was just curious to why node wasnt working.
Also to what level do you think is required to program your own bot for trading? do you suggest i buy a bot now and simutanesly work my way up to learning programming too?
Hi @tomo22, The best scenario is creating our own robot. I hardly can fine a good robot in the market.
You can start by doing the simple one, single entry bot, then swing bot. The most attractive one is grid system. You can implement many thing to make it reasonable safe. You need time to reach this level. You may reach this level if you are consistent enough. Just like any other business, you need to have passion.
You will never reach a breakthrough without full dedication.
Please consider carefully. It took me almost 6 years to finally develop my first considerable good trading bot.
Hi @tomo22, I don’t recommend you to buy EA. You have to learn how to manage an EA. EA has different treatment compare to discretionary trading.
You may learn this article for example.
You should learn more the articles. You will learn more about how to analyze market for real.
I don’t consider my self as successful. Profitable is yes. I have no gut and power like George Soros, I have limited fund and courage Even as FM, I will trade carefully.
After a good fall, EURUSD ranging for a while. It’s a start of new trading season. Market has potential to use the fist of northern style. Mc Donald is starting a selling spree campaign, inviting us to buy Big Mac in a discounted price. Really attempting … stochastic even has started the campaign earlier. What does stochastic sell?
I’m going to jump in, who ever want to join remember don’t blame me if you get diarrhea later. Cheap burger doesn’t always fit everyone. When we have weaker stomach, better wait until the “Udon” get tangled each others.
Do you find that being a day trader you are able able to work anywhere you want. Being a daytrader is literally my dream. I dont care how much money i make i just want the flexability and ability to be my own boss and make my own decsions
… what it’s so funny 
