and by the way guys....i recommend u study fractals.....i have lately started using this as one of the indicators/ways to confirm whether it is time to step out and/or reverse.....(i misjudged it myself when i wrongly stepped out yesterday, none of its fault)
https://www.youtube.com/watch?v=bNxt298VVOw
this is an old video of bill williams lecture on the subject......
i had ignored it earlier as i found the success ratio doubtful....besides my obsession with rsi and william%r...
but now, when i was confronted with the dilemma of when and when not to step out, i desperately needed a solution. none of my existing indicators could give me a suitable answers. and then i recalled this video and got the solution.....
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poor Bill Williams and Welles Wilder don't know how bloody potent their discovered trading weapons are.....fractals and rsi, respectively......for the only reason that they got v less time and opportunity or energy to practically implement them to the degree that would have revealed the exact usage and situation when their discoveries would work best!!
---------
the beauty with the theory and concept of fractals is...that the markets themselves decide the points when their move should be considered a bluff or non-bluff
https://www.youtube.com/watch?v=bNxt298VVOw
this is an old video of bill williams lecture on the subject......
i had ignored it earlier as i found the success ratio doubtful....besides my obsession with rsi and william%r...
but now, when i was confronted with the dilemma of when and when not to step out, i desperately needed a solution. none of my existing indicators could give me a suitable answers. and then i recalled this video and got the solution.....
---------
poor Bill Williams and Welles Wilder don't know how bloody potent their discovered trading weapons are.....fractals and rsi, respectively......for the only reason that they got v less time and opportunity or energy to practically implement them to the degree that would have revealed the exact usage and situation when their discoveries would work best!!
---------
the beauty with the theory and concept of fractals is...that the markets themselves decide the points when their move should be considered a bluff or non-bluff
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