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Can anyone recommend any books regarding Zen philosophy related
specifically to the trading enviroment....
Also regarding waiting for (low risk?)trades, using chart formations , i
have usually worked off 3 minute bars, looking for short term moves using
trend lines, spike lows/ highs and gap open reversals, entering is ok
now as for the exit.. baring in mind the time scale (ie 3 min bars) i am
looking to "take what the market gives" but it does seem that 10 - 20 % of
the days range is realistic and acheivable by me,(but i wont be waiting for
it to be delivered) so does anyone have any ideas on suitable exit (price
exhaustion) indicators suitable for the short term moves, i have used
momentum as the exit signal (ie waiting for a slight dip in it with one eye
on the price action itself), i feel the basic methodology above is suited
to me and im trying to fine tune it..
Any thoughts on using Volume ?
And yes i do understand what works for one doesn't neccessarily work for
another, but its up to me to chew over any ideas decide whether or not it
may have merit to me.
Thanks in advance to those who give their time/ experience/ ideas.. J.S.D.
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