Quote:
Originally Posted by abro
i think thomas you knew what would had happened at the news. release , first the market moved up , then it moved down .
And i like one of your thoughts that good traders dont predict the market instead they react according to the market moves . thats why in my opinion elliot waves and delta decreases the confidence with in you when you are prooven wrong . and like you thought to be short but the market went up . then you will always want to short the market instead of buying just because of your bias . this is very wrong in some of the traders here . like joel kruger , he is a good trader but he went all the way short on gbp usd and other pairs . there was no point for him to short until the daily resistance which was at 1.6670 . or if the bullish channel would had been broken in the 4 hourlys then . well the point is reacting on the market moves is better then the prediction of it . and i fully agree on this .
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Fair enough...but keep in mind that there are a million ways to make money in the markets, but I think that there are only a few that would work for each individual trader. We have to find what works for us and let the other traders find whats works for them.
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