Get started

Patience

Not quite finished puking yet. CWH has been diving for a while now. Weekly RSI is nearing oversold. I definitely would not long this stock right now. Atleast not yet. It's still slightly overpriced. I would try to pick it up for between $15 and $17. By this point, RSI on the weekly will be extremely oversold, and we can look for a nice weekly reversal candle bouncing off this supporting trend line. Also, there is a strong sell sentiment which is scary too. Put your buys in low and wait for the fill! Stop loss should be placed below the trend line, according to your level of pain tolerance. Best wishes mi amigos. - Matt
NYSE:CWHLong
by porretta.matt
2
Patience, discipline and a bit of judgementOne of the big issues for many traders is simply patience. In this video I'm showing how one set up could have taken 63 days to deliver around 500 points. What's the rush? Let the charts work for you. Patience and discipline takes time to develop, of course. Do the time. Take the time. Let time work for you. Sometimes a bit of judgement is required. But whatever we do, minimising loss is the big issue. Taking an affordable chance (or loss) is sometimes necessary - as in this game there is no certainty. My own methods therefore do not rely on 'confirmations'. Importantly in this 6H chart, one need not check the trade more than once or twice per week.
Education
by Captain_Walker
AUDNZD - patience, vigilance and planning required.This video is not about an instant opportunity for jumping in the markets. I'm sharing how I stalk the markets. New or novice traders - all too eager to make a fast buck - tend to miss the big issues i.e. that it is about patience, vigilance and planning ahead. The methodology shown is relevant to trend following. How do we find trends? Well, we need to be tracking price action on all time frames and key levels of probabilistic reversal. It's been a long journey for me and many new traders out there. For too long I've been told by the experts that it is mainly about vigilance and planning. Pain delivered by the markets brings home the truth of that golden message. These days I say it's about 80 to 90% vigilance and planning, and 10 - 20% execution.
by Captain_Walker
A Bull Trend Continuation on The EURTRYLast post: May 13th. See chart . Review: A break and close above April resistance was required to confirm a trend continuation of the bull trend. Update: The breakout took place, offering a long entry, and a new resistance high has been created. Conclusion: Patience needed until the current May resistance becomes support. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Long
by Sublime_Trading