Mind Over Market Part 3 of 7 http://www.youtube.com/watch?v=ZmIZekqgST4 Mark Douglas talks about the patterns in collective human behavior. Â And when a set of criteria is present in the market, there is a higher probability of one thing happening over another. Now if you are a quant or looking to be a quant, then I suppose …
There isn’t anything wrong with technical indicators, forex robots, chart patterns, price patterns, astrology, a whole host of other systems and methodologies. There may even be some people making money with them. It just depends how you want to rationalize “why” price is moving. It depends with what sort of analysis you want to feel …
Mind Over Market Part 2 of 7 http://www.youtube.com/watch?v=NHJtLuaHxHQ Douglas then talks about how to accept the randomness principle, which is to accept the fact that any trade event can be a random unique outcome, but that can produce a consistent result over the long run. Â He then talks about how traders who fail to acknowledge …
I never blew an account, but I imagine if I did, then I would ask: Who was on the other side of my trade or trades? They must of made a killing Then I would think about how to get into the mind of those traders making a killing. Click Here To Get The …
Mark Douglas, an author of trading psychology books is shown in lengthy video interviews describing the many trading psychology and mindset problems many traders face and how to fix them. I will post one of the videos every day and offer my analysis and nuggets of value once per day until all seven parts have …
You don’t need IFR to tell you that. You can presume it. You can assume it. USD/JPY was stuck in a huge choppy market. There are option players who have taken out DNT’s in order to play the low volatility. Also any bearish players betting on further jpy strength can buy One Touches with barrier …
A lot of traders when they first start learning, usually get exposure to the principle of bracket trading. Â I know I did. Â I used to find the support and resistance points that formed a consolidation box, and just blindly set buy/sell stops to play the breakouts. Â I did that for a few months, before I …
Originally posted at forexfactory on June 11, 2011: The pattern can mean different things to different people. A chartist may see it and decide to play it in it’s chart way. A stop hunting order flow trader may view it as a potential location to look for stops. But just because a H&S pattern occurs, …
There are many traders that are scared of trading with big stop losses. Â They have tried to optimize their system to death to try to get the best possible entry price, and tweak their system and settings so they can get in with the smallest possible reasonable stop loss level. Why do they want a …
Some big stop losses accumulating in the gold market. Â They should be pretty easy to spot. The big stop losses have been accumulating above $1,845. Â It has stop losses from the chart pattern followers who see an ascending triangle and want to buy a breakout. Â They have placed buy stops above the highs. There are …