alright wrote:Hey Steve, for some reason I had overlooked this thread until today. This is actually basic S/R trading that all of us should be aware of. Thanks for bringing it to our attention and of course for integrating with AIMS trading. It's really opened a new dimension to my eyes! Thumbs up for the simple yet effective way you explained it.
Being part of this great community keeps paying off
Hey Alright - you are spot on: basic S/R trading and, of course, just selling the rallies and buying the dips.
Glad you like it and I hope it brings you many pips.
:-bd
cheers
Steve
Hey Steve. Thanks for the ITB principle. I made use of it this morning on the EURO session high. Got me in early inside a 16pip aims box. \m/
Regards
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
Herbert wrote:Hey Steve. Thanks for the ITB principle. I made use of it this morning on the EURO session high. Got me in early inside a 16pip aims box. \m/
This technique reminds me a lot that support becomes resistance (and vica versa). That this is an idication of a shift in psychology and sentiment according to Steve Nison. So we can see this of a retest of supp / resistance level. How is this related to the PC and W1 - W2 setup or is this not related at all.
I was wondering were to put a stoploss and targets. Because that wasn t clear to me in the document.
Trading is a pattern recognition game. As traders we make decisions in an uncertain environment. Anything can happen. We trade the setups with the highest probility and reflect on our trades in samplesizes of 20. It is our job to keep our mind(s) focused, relaxed, enjoyed and to trust ourself in the proces of staying diciplined to our trading plan. We plan our trade and then trade our plan.
This technique reminds me a lot that support becomes resistance (and vica versa). That this is an idication of a shift in psychology and sentiment according to Steve Nison. So we can see this of a retest of supp / resistance level. How is this related to the PC and W1 - W2 setup or is this not related at all.
I was wondering were to put a stoploss and targets. Because that wasn t clear to me in the document.
Steve Norman might be a pseudo name for Steve Nison... who knows
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
snorm wrote:"Steve Norman might be a pseudo name for Steve Nison... who knows"
Busted ?
Damn, Steve your so versatile. It must be that I didn t recognise you with the golden star (*) glasses on :-B
Trading is a pattern recognition game. As traders we make decisions in an uncertain environment. Anything can happen. We trade the setups with the highest probility and reflect on our trades in samplesizes of 20. It is our job to keep our mind(s) focused, relaxed, enjoyed and to trust ourself in the proces of staying diciplined to our trading plan. We plan our trade and then trade our plan.
?