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Hi all trading brothers!
My newbie question is not straightforward I guess, but is lingering in my mind for a while: what are your experiences with using the inverting scales to proper understand / perspective of the (5 minute) bar chart in front of you? This idea comes from one of Al's books.
Why? I notice I'm getting some basic understanding of bull trend/broad channels and make slowly progress in making the proper decisions and timing when it comes to trading. However, for some reason I make the most foolish decisions when the trend is/becomes more bearish, and I accomplish to produce all the classic mistakes/traps that Al so patiently and elaborately mentions in the course (i.e. laboring "hard against the grain" instead of "going with the flow"). Looking in hindsight using the inverting scale it all makes sense to me.
My issue I guess is that my (subconscious) bullish bias distorts a proper view of the market while live trading.
My idea is to open both charts (regular and inverse) to spot my mistakes earlier. I would be curious what your experiences with this is. Or in general how to disassociate your mind from either bullish or bearish mindset when trading.
Thanks a lot, have a great weekend!
Sybren
This is a very good exercise, I did it myself for a few months when I was starting out. Try it and see if it really helps you.
Thanks ludopuig 😀 !
Hi I am a newbie and seem to have the same problem as Sybren I don't see the exercise you are taking about .Any help would be appreciated.
Thanks
Darrren
I meant just to open the two charts (normal and inverted) and try to see if this helps reducing your bias.
Ok thanks
