Before I forgot I would like to pen down 2 phases of trading and traders:.
Trading:
1) Has direction
2) No Direction.
TRADER:
1) Beginner tend to learn all things and complexing things.
2) Old timers tend to simplify things.
When CL began to drop 6 months ago, the market showed direction . as the market bottoming out (some called it coiling, consolidated), the market has no direction.
Market will go up when PRICE go up. Market will go down when price go down.
Its not bid or ask...Many bids, but at flat price will not make market go up.
So this is the holy grail for me:
I has to find SIMPLE way to read when PRICE go up, then I will go long.
Hahaha.
Simple ...but its not easy....
Trading:
1) Has direction
2) No Direction.
TRADER:
1) Beginner tend to learn all things and complexing things.
2) Old timers tend to simplify things.
When CL began to drop 6 months ago, the market showed direction . as the market bottoming out (some called it coiling, consolidated), the market has no direction.
Market will go up when PRICE go up. Market will go down when price go down.
Its not bid or ask...Many bids, but at flat price will not make market go up.
So this is the holy grail for me:
I has to find SIMPLE way to read when PRICE go up, then I will go long.
Hahaha.
Simple ...but its not easy....
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