Took 2 years to understand the above . I kept thinking I knew when the reversals happen and lost over 200k in the process. Still love to trade and one day it will come back even that I know 2 things will make your successful in this game
1 # most important RISK MANAGEMENT
2 # Trend is your friend stick to higer timeframes stop the 1 and 5min charts
3 # Fibonacci is king
4 # trendines and S/R Matter wait for retest
5 # chart patterns is a must for reversal wait for W OR M then Fibonacci it
Anyhow you get told all these things as a newbie but takes time to get it through your thick skull not saying I have mastered it .
Lastly to all newbies stay away from NATGAS she will either make you or most likely destroy. Forget indicators !
Anyhow else love to trade like me
1 # most important RISK MANAGEMENT
2 # Trend is your friend stick to higer timeframes stop the 1 and 5min charts
3 # Fibonacci is king
4 # trendines and S/R Matter wait for retest
5 # chart patterns is a must for reversal wait for W OR M then Fibonacci it
Anyhow you get told all these things as a newbie but takes time to get it through your thick skull not saying I have mastered it .
Lastly to all newbies stay away from NATGAS she will either make you or most likely destroy. Forget indicators !
Anyhow else love to trade like me
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.