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My system is more an accounting basis style and not a chart/indicators style
https://preview.redd.it/r533542nvf8e1.png?width=1736&format=png&auto=webp&s=7a03003088f99b511a17b18fae36b9ce229d5a08 https://preview.redd.it/3j197dyrvf8e1.png?width=1677&format=png&auto=webp&s=855cd0f7590334b35c10cc028518717a635c5190 Hello, Everyone I don't want to go into much details about my strategy. I just wanted to open everybody perspective about how things are managed here. I stopped using charts for like a year now, because I found that chart strategies (Fib, Indicators Support/Resistance, Price Actions etc) are very subjective and they did not help me very much in that sense. Therefore, I started creating a different style of price analysis, inspired by the little book written by Jesse Livermore 1942 "How to Trade in Stocks". I just record the Low or High of the day in a horizontal column if a certain movement of certain points or more have occurred. Then a get a singal "PR, NT, I, II, III, IV" based on that i procced to eathier open or close a position if I have not been stopped out before. What I want to point out here is that, it is essential to find a consistent objective approach. If you can look at space and not just see the "Scorpion" figure but everything else just the same, if you could do that in charts, by all means go for it and make money on chart analysis. If it does not work, go find something else. Enter in a process of self-discovery. When I started creating this approach, I made it as objective as possible and that reduced a lot of stress in my work. Good luck, and please don't reply about what strategy is better or worse. I honestly don't care.5
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