Hi Everybody
Today I would like to have another look at how to use the larger degree trend, as I know this an area many of you struggle with.
But before I start I want to stress again that trading is not the same each day, some days the picture can be clear, and the decisions are easier, but other days the picture can be confusing and the decisions harder. This is what makes learning to become a good trader hard. I think this is what most amateurs find hard in that you have to accept that sometimes you can do the same thing on 2 days and have different outcomes, The markets are not logical, they are driven by emotions, so do not operate by our normal 2+2=4 set of rules. So learning to operate in a no-linear environment where the rules can change is part of the challenge of becoming a good trader.....
Anyway, let’s start with a look at the 15min ES yesterday, as you can see, this was a nice clear day with the 15min ES going up into the DP then reversing nicely.
So yesterday was easy, the 15min trend was up into the DP then down after it............ so how does that reflect trade decisions on the 3 and 5min charts
Thanks
Steve
Today I would like to have another look at how to use the larger degree trend, as I know this an area many of you struggle with.
But before I start I want to stress again that trading is not the same each day, some days the picture can be clear, and the decisions are easier, but other days the picture can be confusing and the decisions harder. This is what makes learning to become a good trader hard. I think this is what most amateurs find hard in that you have to accept that sometimes you can do the same thing on 2 days and have different outcomes, The markets are not logical, they are driven by emotions, so do not operate by our normal 2+2=4 set of rules. So learning to operate in a no-linear environment where the rules can change is part of the challenge of becoming a good trader.....
Anyway, let’s start with a look at the 15min ES yesterday, as you can see, this was a nice clear day with the 15min ES going up into the DP then reversing nicely.
So yesterday was easy, the 15min trend was up into the DP then down after it............ so how does that reflect trade decisions on the 3 and 5min charts
Thanks
Steve
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