When trading on live accounts you encounter several psychological experiences - fear which is enduced by constantly losing real money, and greed which is mostly enduced by getting a few big winning trades.
When You're fearful, this affects your ability to remain patient. You close trades early before they can even go to your stop loss or take profit levels.
When you're fearful it's difficult for you to remain calm and patient when you see the market taking time to go into profits. It's difficult to leave alone a trade which is in profit but is now moving back towards your entry point.
When You're fearful you miss out on very good signals, you constantly think that "the market might go against me again" when a good trade opportunity is right in front of your eyes. You can't even realize good trading opportunities, actually, you can't even differentiate between good and bad trades.
Fear comes from the lack of trading competence, and a trading competence comes from practicing, and practicing requires you to know exactly what is it that you want to develop competence in, you have to know exactly what Trading skills you'll be practicing, is it your strategy rules? Or some risk management technique?
1 139 minutes ago
This is a follow up from last week. We capitalized on the break out of this trend line and are now waiting to see what happens once it retests it or breaks through. Either we we have our plan in place and are ready to pounce!
1 11an hour ago
Today's amazing trade on GBP/NZD
0 Drawdown entry with 0% Risk, Trailed my SL below entry once price moved in my favor +20 pips😉
We see all these retail swing traders that trade on higher time-frames absorbing so much Drawdown, And handling some big losses.. They don't realize that there's a better way to be trading
This is the freedom that our style of trading give us. Making whatever amount of money you want, Quickly with small to No risk, And Whenever you want it❤
What does it look like?
Simply flip a Harami pattern horizontally and you will get an Engulfing pattern.
The body of the second candle completely engulfs the body of the first.
To learn more,check out my price action trading ebook in the link in bio.this ebook covers all price
action strategies that you need to trade the market.
7 5215 hours ago
📊 Esté es AUDJPY,fue uno de nuestros setups que compartimos con nuestro grupo de setups gratis en Telegram.
Estos y más análisis los puedes encontrar en nuestros servició gratis. 📈 Únete nuestro equipo hoy donde podrás disfrutar de todas las proyecciones, que semana a semana actualizamos para el equipó.
👌🏻En este mundo que tienes que estar dispuesto a pagar el precio, ya que hasta los amigos más cercanos o familiares te dirán que esto es una estafa o que no puedes hacer dinero en forex. Hay muchas formas de hacer dinero en la era de la información solo falta que tú te decidas.
17 12915 hours ago
A look at the NZDUSD 4-hour chart shows a bearish pin bar rejecting the broken level.
We now have several confluence factors at work. We have a bearish engulfing pattern on the daily time frame at a swing high which broke a key level. We also have a bearish pin bar on the 4 hour chart at new resistance.
This is now a high probability trade, meaning the success rate is well above 50%. Furthermore, the setup above gave us a chance at a 3R trade (23 pip stop loss and a 68 pip profit target). That’s a 6% profit if risking 2%. Moreover, the trade took just 12 hours from start to finish.
If you want to learn more i highly recommend you to purchase your copy of the candlestick trading bible, this ebook covers all what you need to strat trading the market, i have shared all my price action strategies and tactics.to get your copy, click on simply on the link in my bio, or contact me .
When a line is broken, the market often can come back and re-test it as a new support or resistance level.
An example of one which once held as resistance is then respected as new support as the market pulls back down, and re-tests it.
What I’ve shown so far is the basic functions, but we can do a lot more with them. In the rest of the article,
we will walk you through other trend line events such as…
Counter-trend breaks (flags)
Example of reversal signals at linear structures
Consolidation structures created (good and bad)
if you want to learn how to trade the market using my price action trading strategies,
i highly recommend purchase my ebook (the candlestick trading bible). if you are interested,check it out in my bio, or send me a private message.
Don’t think about going from $0 to $1,000,000. Think about going from $0 to being able to make $1,500 in a month.
Take a step back when you first start trading. A very common step for new traders is to lose too much money.. A real step in progress is to lose less. Trade flat...
A real step in progress is to make $1,500. So after you make that first $1,500 goal set the next one. Is it $4,000 a month? $10,000? Keep leveling up from there...
What do you need to get to that next realistic step in your trading development?
Double tap to like 👆 and share with someone who needs to see this. 📨
Weekly Forex Forecast (August 20 – 24, 2018)
The EURUSD continued its bounce into the weekend following a relatively bullish Wednesday candle. I’ve mentioned the 1.1300 support area a few times in the last two weeks including August 9th and again last week.
That 1.1300 area was also the target for my short from the 1.1600 area. It just so happens that Wednesday’s low was exactly 1.1300, so to say it worked out nicely would be an understatement.
For now, I’m on the sideline after booking profits. While you could have bought the single currency from 1.1300, the trend is still very much bearish. That’s particularly true given the August 10th close below the 1.1500 area.
Read the blog post here: or visit the latest story below my bio and swipe up.