Each currency constantly moves in cycles. Each one has a cycle on each timeframe, starting with Weekly, then Daily and H4 inside of it. My job is to read traders’ emotions in every cycle. My job is to read price action in each cycle. My job is to watch how cycles change. A currency cycle […]
It is often difficult to recover from frustration of bad trading. When you make the mistakes you know you shouldn’t have made. When your read of the Market had been particularly poor and you are feeling absolutely disgusted with yourself about it. Notice your thinking, notice your feeling, hear your self-talk. Instead of learning something […]
There is always something interesting going on in the Market. Different events will make different traders feel differently. Our job is to read their emotions and feelings the best we can and find out where the crowd will be trapped.
Let’s take a look at what consistently profitable trader might be going through in his trading. Is this how you feel in your trading?
Price is moved by traders. Traders are moved by feelings and emotions. Our job is to read these emotions on the chart. When traders are under stress their behavior becomes much more predictable, allowing us to profit from their mistakes.
After a long break from writing here, I continue posting my views with updated charting software and trading system.
Trading is much easier in hindsight! I completely misinterpreted the strong bearish support in EA in my last analysis. Let’s take a fresh look: My contrarian tendencies can be a real burden sometimes, as I fail to see potential breakouts 9 times out of 10. Definitely something to work on.
