Thread: Interactive Trading Setups Disscussion

thanks sly, i can read some Polish, will check it out

Originally Posted by kor4x

Could you guys please recommend some good materials on trading psychology? beside Mark Douglas, Ari Kiev and VanTharp.

Hi Kor4x, this specific video about a lost trade is my recommendation about "psychology" however not a book, but a regular taining about trading...started for free a few years back, getting a bit more expensive than that, but I recommend to watch this video as well, and check out the site
How a Pro Handles a Losing Trade - YouTube
I do not think it is unique, but what I see, there is somone being able to apply rules in a systemic fashion.

eurgbp daily bearish bat + rt + hanging man

I guess I should still draw your bat, tnx...

This is my fantasy, pretty much supporting your CURRENT image. The rest to be seen.

my 0.02, you are doing the same mistake as many amatour traders on the web, you try to force the pattern, you draw it when it's not really there, to draw something that meets maybe some fibo price retracements , but does not look harmonic at all.

my suggestion, study only 1 pattern, but study it well, very well, in every details possible ... join the harmonic winners and not amateurs.
there are planty of instruments, TFs, 1 pattern is far enough ... at least for a good start.

some1 can give me stuff with "new" pattern like cypher? becouse im so old school and i dont know these patterns.

And these patterns work? or totaly fail?

Originally Posted by kor4x

my 0.02, you are doing the same mistake as many amatour traders on the web, you try to force the pattern, you draw it when it's not really there, to draw something that meets maybe some fibo price retracements , but does not look harmonic at all.

my suggestion, study only 1 pattern, but study it well, very well, in every details possible ... join the harmonic winners and not amateurs.
there are planty of instruments, TFs, 1 pattern is far enough ... at least for a good start.

I do understand your comment, and cannot disagree on the basics. Good comment. I do recommend the same, however the pro's and con's do count in my opinion. So if one has ANY opposing or supporting pattern, there should be at least a consideration.
That is what I think, and I am trying. What do you think of that? If I do neglect the good work of people who did more than I ever possibly can, and close my eyes keeping my one pattern in sight, is it the way? Could be.. I dunno.
Needs to be tested I guess.

choose 1 pattern, and read all possible about it (what other smart wrote), then start to study by yourself (you will quickly discover how much they did not tell and you see it)