Dappa wrote:I understand the higher low and lower highs yada yada. But how do you determine which way to trade in a down trend when you have price breaking a lower high on the h1 time frame? I still don't understand the answers given, its as though oh well this happens sometimes and answers like that. So the concept is flawed in the sense of, the price action will not operate in the same manner all the time.
To me it seems as though a logical approach is no different from letting an indicator tell you to buy or sell. Someone correct me?
I know it's very easy for me to say, but try not to let it stress you out dappa.
Everyone who posts on this thread has at some time been exactly where you are.
No-one here is perfect, neither are we immune from taking losses or experiencing poor runs.
You'll see them posted up here as often as you'll see the winners, but the common denominator between both is that they all adhere to the basic structure & framework even though our respective risk attitudes & objectives will differ markedly.
At one time or another we'll all find ourselves out of step with the market & take a spanking, even though we've identified the bias & the cycles correctly.
The market does what it does & even the best laid plans go awry, it simply is what it is (shrugs shoulders!!).
The one great thing about this structure & framework however is the fact that the majority of the time it positions you to the right side of the risk & the cycles help enormously when trying to control & minimize losses.
I'm sure I speak for everyone (including the experienced guys) when I say that if you're struggling & you'd prefer to discuss it more discreetly, fire off a private message & the next time one of us logs in we'll pick it up & do whatever we can to try help.
Sometimes 2 or 3 heads are better than one......even via the private route
Good luck to you man.
Shona.
You also got a perfect flip setup at 126.00 
