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Old 12-16-2007, 01:49 PM   #17
Hlm

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Re: hi

Quote:
Originally Posted by BlowFish »
Go with what brown says.

You will probably find that once you start understanding the market sentiment behind the patterns you will begin to see stuff for yourself (screen time, screen time and more screen time)

Most of the 'advanced' stuff (probably all) that Steve teaches beyond the books is discoverable for ones self. At least that was what I found.
Exactly...start by focusing on understanding the story being told via basic candlestick (price action) reading and keep in mind that the immediate time frame above and below may or may not be helping your trade. In my opinion, everything else should be somewhat common sense and will be 'discovered' with screen time.

For example, if you want to know if entering before the bar close is ideal in the current situation, dropping down to a lower timeframe may give you more helpful information to make an informative decission. Also sentiment or the "bigger picture" can be discovered by reading the story on a higher timeframe.

In my opinion, the key is to understand not only the time frame you are trading, but to also be comfortable at reading the higher and lower for more precise entries and exits. However, some traders may get this information via other indicators instead of candles to reduce the amount of charts they are looking at.

Last edited by Hlm; 12-16-2007 at 01:52 PM. Reason: grammar/spelling
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