In addition to this good advice most if not all traders go through a time period of figuring it out no mater what they read, learn or hear and I'm also speaking from personal experience. Let's face it, we all think we have it figured out until our account goes sideways then we step back reevaluate and try different approaches until hopefully we become the 5%
I feel like I need to start over with a new approach. I keep blowing account under $500 trying to trade price action, support and resistance. The psychology, my lack of discipline in the moment. I haven't learned order flow, foot charts, DOM. I feel like I'll never be happy unless I figure this out. It's a gateway to freedom to me, financial freedom, independence, good by 9-5.
@777lightbeing Most all successful traders will express the importance of a journal.. ironically I use Tradezella.. you can write your own down on a pad and paper, just review your trades.. I've also taken Carmine Rosato's supply and demand course incredible amount of information for the money...Umar has actually posted on Carmine's RU-vid channel in the past. Lastly this is free on RU-vid... listen to Mark Douglas, he has a few different live seminars probably 7 hours.. long listen to what he has to say and could be a good start on your psychology and thinking.. There's a lot of information out there just have to find out what works for you and if it was easy everyone would do it Best of luck!
We know you want to make us understand about the relationship of buyers and sellers who are main reason in making of candlesticks but we don't know where should we watch aggressive buyers and aggressive sellers who run live trade on chart 📊 guide us about footprint chart and order flow practically in easiest way so that we can make money in our upcoming trade journey 😢
I'm no expert tradert but that's basically what I'm doing. I watch people focus on reading charts , learning chart patterns and never even look at the tape. The charts are the sexy part of price action, but the tape (order book) is where it happens first. The chart is a lagging indicator behind the tape. You can see order and sell sizes and how the chart responds. A lot of people forget that there's a human being they're trading against, not a chart.
You can understand the buyers and selles with support and resistance,because it means supply and demand.Its where market goes to liquidity and price acition is key in trading.
@@bbbss4065 Thats the true about trading bruv.I trade almost 4 years by now and i have a 65% to 35% win ratio.I use supply and demand to indentify price aticion.He is talking about stocks market who has this order book and amount of buyers and sellers entering in the game.
I feel like I need to start over with a new approach. I keep blowing account under $500 trying to trade price action, support and resistance. The psychology, my lack of discipline in the moment. I haven't learned order flow, foot charts, DOM. I feel like I'll never be happy unless I figure this out. It's a gateway to freedom to me, financial freedom, independence, good by 9-5.
