I don’t know you from a bar of soap, and I can
just say this.
1: You must always be responsible for your own
decisions, even if someone had pointed you in the right direction
with your request, it is you that needs to pull the trigger; and to
do that (I for one) one needs to know why you are doing it and have
a plan in place to exit your trade.
2: One needs to know why markets move as they
do and why TA works as it does, seems to me your “bull trap” came
about by either setting a stop too tight or listening to the
“noise” So, if I may let me help you: On any pattern (A head
shoulder, (or it’s sister –reverse head and shoulders), a wedge, a
triangle or a channel…..you will often get a retest of the break (
see the chart I posted earlier). So in essence one needs to learn
and understand for yourself why things work as they do, there are
many ways to do this….must I point you to some learning blogs?
3: Trading is not a “get rich quick” thing
(some might be lucky or gifted) and this site entails a lot of
work, I know I run one in SA, and thus the owners need time to put
together all the charts they do.
Anyway, my 2 cents worth…take it or leave it
and trade well…..it takes time…))))
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FWIW
Bit late, looks like I got bull- trapped in all the ...
Posted by ravun on 6th of Aug 2008 at 02:52 pm
Hi
I don’t know you from a bar of soap, and I can just say this.
1: You must always be responsible for your own decisions, even if someone had pointed you in the right direction with your request, it is you that needs to pull the trigger; and to do that (I for one) one needs to know why you are doing it and have a plan in place to exit your trade.
2: One needs to know why markets move as they do and why TA works as it does, seems to me your “bull trap” came about by either setting a stop too tight or listening to the “noise” So, if I may let me help you: On any pattern (A head shoulder, (or it’s sister –reverse head and shoulders), a wedge, a triangle or a channel…..you will often get a retest of the break ( see the chart I posted earlier). So in essence one needs to learn and understand for yourself why things work as they do, there are many ways to do this….must I point you to some learning blogs?
3: Trading is not a “get rich quick” thing (some might be lucky or gifted) and this site entails a lot of work, I know I run one in SA, and thus the owners need time to put together all the charts they do.
Anyway, my 2 cents worth…take it or leave it and trade well…..it takes time…))))