I am pleased to hear you are doing well in this market, whether you are following my ideas or someone else's. Here's a tip: If I write up some analysis, try and blend it into your own analysis. It may help you understand the why question. Keep your position size correct. Not all my ideas work. I am running at a 78% win rate. There is one thing you can control in the market, and that's your risk!! Everything else is based on a probabilistic theory. Learn to read price action and naked charts.
I trade most days; the ASX is a small part of that. My preferred markets are Dax and L&S Dax (Stock3 software); doing one trade per day gives me a 50/50 right and wrong; then I add my knowledge, which provides me with another 20% to 30%. Taking that average, I now have a 75% chance approx. Using daily S/R and 30 min candle and entry on 5 min or 3 min. I have run all the metrics and how the price will likely behave. So, using those, I have a fair idea of what may happen at a particular time. If I don't see a trade in the first 1 or 2 hours, close the computer and wait another day.
In time, I hope you find what works for you.
Good luck.
RSH Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
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