- Probability Enhancers - courtesy of kiwi_trader
- Zone Attack by Trade Price aka Sho - how to trade between supply and demand zones
15 November 2010
Supply and demand trading links
13 February 2010
Lessons Learned
I have been trading based on Phil Newton's method. The purpose of this post will be to document my lessons learned while testing his method. While I maintain a blog on his site for back and forth discussion.
Here are my lessons so far:
- Do not trade choppy pairs, stick to my core 4 for right now
- Use latest ideal bar, and once trade has been triggered dont reuse.
- When scalping the reversal, use the first swing signaling the bias change as the entry point.
- If price is obviously in a range, then wait for a clear break and not just a small break of the recent PA.
- Having people at the house during the week really made it hard for me to trade first thing in the morning.
-Some weeks are going to be bad, as I continue to backtest I should have more confidence in my judgement and decision making.
Here are my lessons so far:
- Do not trade choppy pairs, stick to my core 4 for right now
- Use latest ideal bar, and once trade has been triggered dont reuse.
- When scalping the reversal, use the first swing signaling the bias change as the entry point.
- If price is obviously in a range, then wait for a clear break and not just a small break of the recent PA.
- Having people at the house during the week really made it hard for me to trade first thing in the morning.
-Some weeks are going to be bad, as I continue to backtest I should have more confidence in my judgement and decision making.
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