This is about psychology - that 'no-go' area. In this video I explore negative emotions from different aspects. I look at how emotions are connected to risk and risk management. Avoidance is connected both to risk and emotions. I say that the biggest part of trading is about separating emotions from the objective assessment of risk
If you like what I am trying to say please like and I will definetely try to make more of these and make sure the sound is better. It is a live example of knowing where you are wrong on a trade. If you ever feel worried or anxious about a trade then you shouldn't have it on. If I ever get enough support on here I will start explaining how I see the market and...
In this video I give a few minutes of preview before discussing what I see on this weekly time frame. Bear with me as you'll see where I'm heading. In the second half of the video I show how I estimate the big probability from the weekly time frame. I'm not interested in being right in this. That's not what I want to get across. Whilst technical analysis is a...
In this video I look over a few indices and the VIX. There is a problem i.e. the news is saying one thing, but the charts are showing something rather different. I look at some trendlines, channels and patterns. After many years in trading I'm no longer obsessed with the names of various patterns. The overall pattern is what interests me more. The news is...
In this video I share my experience on the Big Question in the minds of lots of traders. This is not particularly about GBPJPY. I use the 15 min time frame only as an example. I point out that candlestick charts can be deceptive in giving an idea about price, that may be erroneous. It is natural especially for new traders to see a number of unfavourable...
I'm sharing a chart to give my sentiments about listening to the news. New traders especially tend to listen to the news and website opinions about where markets are heading. I show a bit on how I approached a particular situation on the US30. A lot of news is late and people who create news items or blogs have their own biases, based on the information they...
What are Buy & Sell Limits, Buy & Sell Stops? When and where is the best place to use them?
In this very first video I'm posting, I look at the 30 min time frame where some day traders tend to trade. I show 6 charts with high volatility and lots of spiking all over the place. Yes there may be some visible and tradable pattern in these on careful analysis. However, the degree of volatility seen over the last two months may not 'respect' traditional...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil If you want to learn more about the basic rules to trade with my...
Today I'll start the first of a new serie, I'll call them the "Today's Lessons". I'll make one whenever the market will have nothing to give in terms of actual trading. So instead of losing your time in from of irrelevant pricings... you'll learn something to get a little better in trading ! Hope this idea will inspire some of you ! Don't forget to hit the ...