GBPAUD - PSYCHOLOGY: The Importance of being ADAPTIVE
PART I.
You name it, adaptive, reactive, flexible are all synonyms for the same thing. The IMPORTANCE of trading psychology is pivotal to a traders' success.
For example, in this chart, you can see I am looking for longs and shorts. The KEY thing is I don't have a bias. Having a bias can cloud a traders' vision. When the price arrives at one of my level's I simply look for a setup on the lower TF. Even if neither of these options gives me my ideal set up ok... MOVE ON.
I will reset.
The next trade is always around the corner.
Chart work.
You name it, adaptive, reactive, flexible are all synonyms for the same thing. The IMPORTANCE of trading psychology is pivotal to a traders' success.
For example, in this chart, you can see I am looking for longs and shorts. The KEY thing is I don't have a bias. Having a bias can cloud a traders' vision. When the price arrives at one of my level's I simply look for a setup on the lower TF. Even if neither of these options gives me my ideal set up ok... MOVE ON.
I will reset.
The next trade is always around the corner.
Chart work.