arpaf

Yes, I'm a newbie at trading and have been paper trading for a year. Ok, I'll start a journal in the short term and would love to see the experts of this forum (including you) there giving me advice - I need it.

Mark, in my opinion, averaging down (when you know you're near a low) and taking partial profits is a great way to trade. Also you can use options to hedge or improve your position.

Although I am a newbie at trading, I'll give you my opinion of what has been discussed in this thread so far: Sometimes it's best to take all the profits when a WRB appears (for example, if we are near resistance and you're long...then you can enter if price pushes through resistance). Other times, it's wise to take half profits and let the other half in the market to see what happens (one should take profits when they are enough to break even at least...if the trend continues you'll make profit with the other half which wasn't sold...the worst that can happen is that you don't lose money because you breakeven). Finally, there are some times when, in my opinion, you should close all your position because the market is telling you supply has entered in the market heavily (let's suppose you're long). In this case, you can close your long and go short or simply close your long and see what happens. Am I clear? Please, have in mind I'm newbie at trading and I'm just trading with paper money right now.

You're welcome, you deserved that comment because I realised you're a good trader reading your posts here and looking at your webpage (unfortunately, I can't pay for the WRB education since I'm from a developing country which has a weak currency). I don't think I am able to post charts with questions on WRB now. I don't feel sure about my trading...not even enought to make questions about WRB. Will try to do it in the future (when I know a little more).

Thanks for your suggestion.

All charts posted by Anonymous were deleted. For example: Number 12 http://www.traderslaboratory.com/forums/151/wide-range-bodies-big-candles-1480-2.html#post8324

Here there's a post whose chart was deleted: http://www.traderslaboratory.com/forums/151/wide-range-bodies-big-candles-1480-2.html#post8324 Another: http://www.traderslaboratory.com/forums/151/wide-range-bodies-big-candles-1480-2.html#post8338 ...and there are a lot more. Those charts which were deleted were made by Anonymous. PS: Mark, I admire you. I am 20 years old and learning to trade. I hope to learn about WRB. Could you give me some advice to manage to do that? Thanks in advance, Paul

Does anyone has all the charts uploaded which were deleted? It's a pity if they aren't uploaded again.