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I'd recommend the Dump it Here thread as a good start also. If your current preferences are system trading then take notes when you come to [USER=57364]@Skate[/USER]'s post about his systems and his processes. The information you seek is there but you have to decide which parts resonate with you. IMO skip the psycho babble posts as they won't mean much to you yet. It's only when we notice that things are not as easy as it should be that we need to understand what's holding us back. Then the psycho babble may start to make sense.Guppy has given you a solid understanding of trends and a method for identifying them when they start. This is not a trading plan but only a starting strategy for your trading plan. Price trends aren't smooth, they pause, stop, reverse, restart. These formations provide the foundations that a systematic approach can use to get into these trends.If you decide to trade trends then you'll need tactics to identify acceptable risk:reward setups. We want to enter a trend near the start, perhaps add soon after and then hang on while the trend persists and sell when the trend falters.
I'd recommend the Dump it Here thread as a good start also. If your current preferences are system trading then take notes when you come to [USER=57364]@Skate[/USER]'s post about his systems and his processes. The information you seek is there but you have to decide which parts resonate with you. IMO skip the psycho babble posts as they won't mean much to you yet. It's only when we notice that things are not as easy as it should be that we need to understand what's holding us back. Then the psycho babble may start to make sense.
Guppy has given you a solid understanding of trends and a method for identifying them when they start. This is not a trading plan but only a starting strategy for your trading plan. Price trends aren't smooth, they pause, stop, reverse, restart. These formations provide the foundations that a systematic approach can use to get into these trends.
If you decide to trade trends then you'll need tactics to identify acceptable risk:reward setups. We want to enter a trend near the start, perhaps add soon after and then hang on while the trend persists and sell when the trend falters.
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