TwilightD

True. But believe majority or new traders wont listen to this advice. They keep jumping from one to another strategy instead of understanding one strategy.

Excellent. Thanks for sharing

You have explained beautifully the concepts. I agree with you. I am also trading these concepts since many years. Just would like to add one thing that its a good habit to reread the books daily atleast few pages. Regards

Original one is available on this wonderful site. Search it please. Parameters are used as per the price of instrument selected. For small instrument like 100 point, one needs to select 0.1 to 0.3 retrace and for larger instruments its a little bit of larger.

You should read atleast one trading book to have its kowledge. It has 80% role in our trading.