Yes, mostly are 15min captures, but I use hourly chart's and for the start a daily. I just made a closing for the day so my toughs for the day are all there. Maybe it clears some of my decisions. I'm trying to do these updates while I'm at work so it's not a best place to be and concentrate, but i try to have some intraday screen time experience for learning.Tansen said:I have a hard time seeing but I would guess these decisions are displayed on a 15min chart?
After several years of not so good real trading,. I hit demo for a while. Then kept demo alongside real trading. Helped a lot to stay in trades longer.Skipper said:Demo trading is no easy business. You have to be disciplined even no real money is at risk - playing it for the real is the hard part. It's the only way to see progress and see who you really are - are you up for it?
Yes. It's all about confluence.Skipper said:Alpha-Bet those "Three sisters" is a totally new one for me. Could you explain it a more deeper what's going on there and why it is a warning sing? I see those 3 very sharp moves up, so should I note them as a rush to known resistance levels before going down? Thanks!
Hi Ramy3!Ramy3 said:After several years of not so good real trading,. I hit demo for a while. Then kept demo alongside real trading. Helped a lot to stay in trades longer.
Plenty of naysayers for demo out there. I think it has its value… Follow what you feal is right for you.
Thanks. I think I don't have all those fib levels set.. you are talking about extension, sorry so much yet to learn?Alpha-Bet said:Yes. It's all about confluence.
In this case the third sister tapped the 5.76 Fib.
It's another chart pattern. Three drives to a top. Three drives to a bottom.
Well, at the moment I'm looking about 50-100 points, but really my goal for the moment is just to understand how price moves and build some confident. So screen time, price observation and intraday action is my goal for the moment. Well, I did get the reaction I was waiting for and could harvest near that 50p, even it was less what I was waiting.. Maybe it was that gap after all that was causing so mild reaction?Tansen said:I was curious are you looking for scalps primarily or long term swing?
If you think you won’t be doing the same when going live, (all though not nearly as much),you are in for an unpleasant surprise.Skipper said:Yep, there is lot of good things to learn while demoing, but I have noticed it feeds those bad behaviors you would not want when going live. I'm talking about those over trades and moments when you are playing just for your luck.