How to trade ranges by Jinhar - Pt2

24:59:03 [gtk] Do you take range trades sometimes as the price is going up (for a sell) in anticipation of the stochs curling? the GU is what I am watching.

24:59:18 [gtk] its near the top of the range now...

24:59:39 [Jinhar] Lemme c

01:00:44 [Jinhar] No

01:00:47 [gtk] seems like if I wait for the cross, often its just abit too late

01:01:05 [Jinhar] U need to c wether it breaks the range or no

01:01:08 [Jinhar] u can take a short

01:01:31 [Jinhar] but den .. u will have to deal wid more lossin trades.. as many times it juz breaks out

01:01:34 [Jinhar] i take a trade ..

01:01:51 [Jinhar] Sometimes juz bcoz dey dont break a range

01:02:05 [Jinhar] but sometimes .. u get stop out

01:02:36 [gtk] so this would be a fairly high risk trade at the moment...

01:04:41 [Jinhar] b4 the candle close veri risky

01:04:47 [Jinhar] i always wait for a candle closs

01:04:56 [Jinhar] Close*

01:06:09 [gtk] cool, makes alot of sense. I just seem to see the ranges the best right now. but getting stopped out sucks so i am torn still as to how i want to trade.

01:06:33 [gtk] but the candle close remains important. can't start jumping too early as a habit.

01:07:11 [Jinhar] Do the followin and u will b fine

01:07:22 [Jinhar] wen u open a chart

01:07:29 [Jinhar] Look for all the ranges on the chart

01:07:42 [Jinhar] Once u draw dat

01:07:53 [Jinhar] Look at the price

01:08:11 [Jinhar] If price is gettin blocked in btwn .. Den draw a range der .. or a fib

01:08:28 [Jinhar] Once done .. Look always at the price to confirm ur entri or a exit

01:08:39 [Jinhar] once price says yes look at the indicator.

01:09:02 [Jinhar] Neva do it rev .. datz look at indi 1st den at the price

01:09:17 [Jinhar] If indi confirms ur eva .. take a posi . if not den wait

01:09:21 [gtk] right, i may have been doing that

01:09:27 [Jinhar] Dis will save u a lot of lossin trades

01:09:35 [Jinhar] Personal exp

01:09:47 [gtk] you have it, i am trying to get it!

01:10:56 [Jinhar] yea i have it after 1000 of mistakes

01:11:14 [gtk] hahaha

01:11:27 [gtk] maybe you can keep me to 500!?!

01:11:36 [gtk] when looking for ranges...

01:11:57 [gtk] do you mark all the waves in the chart? or just the major ones?

01:12:11 [Jinhar] da one whch 1 c

01:13:37 [gtk] the GU dropped nearly 30 pips since i asked you! 

01:14:21 [Jinhar] 

01:15:00 [gtk] i am seeing them and often predicting them, but hesitating on the trigger right now.

01:15:15 [Jinhar] u will get der

01:15:55 [gtk] i think so... just don't want to be in too early habitually. so really appreciate your advice.

01:16:14 [Jinhar] U wont

01:16:23 [Jinhar] prac more of paper trades for another week

01:16:39 [Jinhar] Or small pos trades if u r tradin live .

01:16:44 [Jinhar] And u will b fine Dont wrrri

01:16:55 [gtk] dude! its all paper... dream of trading real but not getting the results that warrent that yet

01:17:24 [Jinhar] U will get der

01:17:32 [gtk] thanks mate

01:18:30 [Jinhar] Everi 1 has to go to da same phase as u gtk

01:18:40 [Jinhar] i still do paper trades .. wen i m confused .

01:18:53 [Jinhar] Trades not gonna go anywer .. but ur money will

01:19:08 [Jinhar] So protectin ur cap is most imp nothin else

01:19:18 [gtk] haha, that's what I am avoiding by waiting to go live.

01:19:29 [gtk] make sure the pips are coming

01:22:27 [Jinhar] Pips .. will come