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Successful people are not smarter, or more talented or more deserving- successful people have mastered the art of never giving up.
One SURE way to guarantee failure, is if you simply stop trying. You WILL reach your goals when you put yourself in a position to always be AVAILABLE. The greatest...
Risk is not favorable there needs to be a displacement in these markets to indicate money is on the move. We want to follow Smart Money, not pretend to be smarter. Market profiles are required to understand the present and likely future environment.
Before we go further let you know that UJ and dxy does not correlate at all! When dxy is dropping sometime UJ is buying. Go and back test it. Back to your concept now, forex market tools and concepts does not conflict each other.For example if you will get SMT divergence for buy between GBPJPY...
Without the proper narrative, you just get dismantled.We look for the same things each week. It comes or it doesn't. We don't hold any demands on the markets and we don't pressure performance in slow periods. Year end is not an invitation to ramp up risk or frequency of execution.
You will learn to see opportunity in chaos. You will not run for fear or fail to greed. You will learn to master money... & remove its mastery over you. Success will pursue you in time. It will overtake you & I'll see to it that you are equipped... when it does see you there!!!!
When you develop & your analysis is refined... you will be at ease. Right now, in your infancy you want to "do" & be constantly "doing". When you are initiated, you discover the art of "not doing" is more important. You will understand this point only ...by experiencing it.
What to expect: depression, pain, frustration, fear, questioning
yourself daily, emotional rollercoasters, loss of friends, loss of
money, stress, anxiety, zero sleep, punches in the face every time
your ego gets involved, back pain, eye strain and uhh okay, I'll leave
it there. BUT.. if you're...
If you're new to trading, here's some TRUTH that no one else is
going to tell you: Understand that, trading is INSANELY hard work.
Do not get distracted or sucked into the Lamborghini, Private Jets,
mansion, Lavish lifestyle that you often see on Instagram or
Facebook. Is it Possible? Yes, but...
As a trader you have to learn to operate in the grey
It’s even more true for developing traders
No1 will save you, you’ve got to figure it out on your own.
you know apart from the trading itself, i love drawing and annotating charts. These before and after setups. Regardless of the trade outcome, I will still do it because trading should be a passion.
Three Steps Towards Simplicity In Trading
• Identify what works
• Boil it down to a few simple rules
• Eliminate the noise
Simplicity doesn't mean its easy, what it means is that its done in a smarter and more efficient manner.
Understanding that Key S & R is derived from higher time frame (lowest H4)
Looking for evidence that would be on the higher time frames.
Using higher time frames to anticipate price (on any asset class) is where the institutional sponsorship is derived
By executing in environments that dont give your set up this will create draw down of your Mental Capital. This is the real amount of money you can afford to lose. Not the balance you deposited initially. When you drop below your Mental Capital, your perception is distorted. Now fear & anxiety...
Keep clean but insight infused charts that are rich in notes & signatures. Do this for a month... and see where it takes you. Less eye-aches and more simplicity.
Remember... 99% of Traders lose their money. Why are you interested in their opinions on anything? Why do you keep on running from one mentor to the next? 90% of Trading is about the study of charts, risk management and planning the trade.
Often, when a trading loss occurs, it's not only a financial one, it's also a mental and emotional one, struggling traders lose the balance their mind and get caught up in emotions and reactivity. All better judgment is swept aside and things tumble down like a house of cards
The worst thing you can do as a developing student is to share your model with anyone. The moment you do, it is no longer "Your" model. You gave it away, & invited criticism from someone who has not done the same calculated study & or put in the time you did in its discovery
Once you identified your internal demons & put corrective processes in their place, you focus on learning deep study of Price Action. You will learn generic signatures in Price Delivery that repeats on all time frames. You note how you are drawn to specific signatures in Price.
Over time &...
Spreadsheets & goal-setting is only useful when you have a CLEAR and WELL OUTLINED trade model and a plan to execute with that model. Numbers will confess to anything if you torture them long enough. There must be an objective business plan [sound model & plan] for it to work. There is no holy...