[yogibear]

I've decided to start this thread, in the hope it will help some of the newer traders, or struggling traders, to help them overcome what can be a bewildering experience, when starting to trade.
This thread will be concerned with Price Action. There are many different ways and strategies to trade the market, this is simply the method i use.
If you don't agree with it, or feel its not for you, please feel free to enjoy your life as you see fit.
It will be a short, sharp injection of information. Its up to you to whether you want to put in the work.
This will be a free course, rest assured it will never direct you to a paying website.
Each category will be broken down and explained with charts.
To get a feel for the market, will take 100's if not 1000's of chart hours.There is no shortcut. You will not get rich quickly.The aim is to help a trader make his/her own decisions, with a degree of confidence. This method however does not exclude you from losing trades.
There are numerous price action threads on the forum, start reading at page 1 and study them.There are some great price action traders on the forum,I am sure if i am not around, they will be available to help, they are real traders.

I am finalising the first post, which will include an intro, and a section on chart setups and timeframes, Feel free to ask any question, no matter how ridiculous it may seem.We all started out as newbies, and we are amongst friends here.
Until then, good trading.

[yogibear]

Apoligies, this thread will start shortly. Sudden bereavement means trading takes a back seat.

[skynet]

understood Yogibear.

[noynoy]

looking forward to it yogi, though I've been trading for some times but Im still looking back since I have this feeling that my basics might not be enough

[yogibear]

Ok lets get going.
I've posted a link, to a video, which is the first of a series of seven.
It's up to you to watch them all.
What can we discern from these? Very simple. Entries are easy, management of a trade, and exit are more complicated.
Pyschology is probably the most important factor,in defining whether you will be a succesful or unsuccesful trader, and it's an area that is hugely underated.
You can be a hero on a demo acct,but when you trade live, risking real money, it will be a different story
Unless you have complete confidence in your strategy, you will be doomed to the 95%. You will abandon the strategy you are trading, after a few losing trades. only to go seeking the next holy grail.That is human nature. When the next strategy proves to be a false dawn, off you go again, sure that this method will be the right one. repeat ad infinitum. Pick one method, and stick with it. Price action works.Don't pay anyone for that $97 sure fire winner.
Specifically, pay attention to the part discussing a weighted coin.

Until next time, good trading to all.

[yogibear]

due to underwhelming respose, thread closed