Webinar
Irathi,
Thanks so much for your post. So glad to see you are still around! I have not been too active in posting lately with new responsibilities & recently going back to work more than full time after an extended period of unemployment. I have been back to the basics and monitoring the ashfxv2 thread as much as possible.
Some of the things mentioned in the webinar I have picked up intuitively just by looking at the charts the last few months (strength of different reversal candles) and it was a great confidence builder to see that I was figuring some of this out.
You were so right when you said in another post that noobs tend to ignore S/R. IN my own case it was not due to laziness but because of the seemingly subjective nature of this aspect of trading. Almost all resources I've seen dealing with it almost immediately say "everyone figures S/R differently". I see that horizontal s/r lines are fairly straight forward, but am still working on Fibs and trendlines. One issue I've had with Fibs was seeing examples of the A/B point being drawn through swing highs or lows to higher or lower swing highs or lows, which perplexed me. Another issue was not knowing (and not seeing explained) how many 'sticks actually make a trend (this also applies to trendlines). On the positive side I've realized that my penchant for wanting to draw fibs on the larger trends of a particular chart was actually a search for the larger timeframe trend. I found that when I went to the weekly chart to place a fib it often corresponded exactly to the fib I had drawn on the daily. So what is your view of how many candles make a real trend? Any help is appreciated.
Any how, I'm back to my basic education. I have decided that trading is what I want to do for a living-I love this stuff! Have set a goal of three years, do you think this is realistic?
Would love to go on but I must stop now! Once again thanks for thinking of the noobs in this forum. I, and I'm sure many others, owe a debt of gratitude to you.
Thanks,
mc
PS: Went through the section on PM's a couple of weeks ago but it was very late and I was very tired. Understood all of it but somehow missed the part about how to ADDRESS the PM. Will try again soon. I am a computer noob and MT4 noob (traded on a different platform the first couple months) so I am trying to learn a couple different skill sets at the same time.
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15-05-2009, 14:57
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