10-31-2011, 05:50 PM
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#25 |
Join Date: Sep 2006 Location: Santa Barbara Thanks: 7
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| Re: Day or Night Session - Which Hold More Upside Potential? There are few secrets in this world
In terms of consistent profitability, these patterns work best in conjunction with both time based pivots and areas of supply and demand. Context is always critical...that is what I have learned to do and what I teach others to do...recognize context.
Finally, once a person learns to anticipate these patterns, they still have to execute in a disciplined way....from my observations, this is the limiting factor for most folks. The ability to take the trade.....to stay in the trade long enough for their edge to kick in...and to take profits in a disciplined way.....I think these are the critical differences between the professional and the hobbyist...one makes it work consistently, the other finds it difficult or is unwilling to do what it takes to get to the goal line.
Good luck folks
Steve |
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