4280 is a support level where lots of traders will close their sell positions from 4350 levels or above, at least for me. One thing I learnt in trading is that never chase a falling knife. Let the trade pass, be at the sideline looking at the PA or ...

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Of course Cloggie too and I will be pratising on thousands of S&R charts over this weekend again.

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My Chart which was posted 2 days ago. Now I will just have to fine tune on my TPs. Thanks to T@rantula and CindyXXX for the advice given.

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Thank you very much. I mean thread for learning suitable for noobs. I am weak in identifying target points to close my positions, therefore any help is appreciated. Suffering from "Wins to losses" scenarios.

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Which thread would that be if I may ask?

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Stop out! 3 days of roller coaster ride. From profit to loss X 3. My old chart 3 days ago. Lesson learnt? Don't know, too stupid to know. Muppets! Failure to identify TP is the first failure! image

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Guess its because the current pa doesnt gives a clear direction, at least for me. Anyway, hope my earlier chart still holds true.

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Looking at the PA since Japan open, the big move might not be happening today. Or maybe there is no such move. I don't know. Anyway, my charts. As usual, open for critics pls. image

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Unfortunately, noobs just have to learnt thru the painful way. PS: I am a noob too, learnt my 1st lesson yesterday using OB levels as trigger.

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Added more shorts few hours ago. Will be using this analysis again.

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spinning tops merely represent indecision, doesn't mean much here. I don't know, I am a muppet myself!

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This is my analysis on the dailies. PS: I am a stupid muppet. Still figuring where to take profit. image

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This is something I learnt today. Stupid Muppets! Thru the hard way!

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Right! What a nice chart this is. Thanks for your hint. It gives a very clear picture. image

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I had a few friends who are engineers and they did well in trading by following "the plan" faithfully.

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I believe he is refering to "John J. Murphy - Technical Analysis of the Financial Markets". Its a good book. I read it twice but too stupid to understand fully. Will read the third time subsequently.

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Thanks mate. Will do just that this weekend. Meanwhile I will just sideline and watch the PA.

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WTF X2 !!!! SL Hit and TP reached! Am I a muppet making a fool of myself?

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WTF! My SL at BE 4285 was hit! Profit turned into ashes. Maybe I am wrong to shift SL to BE? . I am still learning. Any advice?

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