Home > Chart Talk > What does your “trade scenario” look like?

What does your “trade scenario” look like?

One of the most common trading problems for new traders is very easy to overcome once its recognized. Looking at too much on your charts. There are so many indicators available with charting packages today its ridiculous. Most of the indicators are derivatives of price. We feel very strongly that if you can read price itself, why the heck do you need something that “indicates” what price is doing?!

Keep your trading simple and master the basics. Make a decision. Do I trade pullbacks well or breakouts well? Look over your trades, they will tell you the truth. The more specific the scenarios need to be when you are looking for opportunities, the easier it will be to be patient waiting for them. You won’t be chasing noise.

Categories: Chart Talk
  1. May 25, 2007 at 10:13 am

    i belived ur the best for trading tips

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