I want to explain why Most traders fail with proof based on the educational aspect of trading . Cus to be Successful requires more From you than education but let’s looks at the framework and let’s understand what really works
What really works? Market psychology is what works!! This is factual. Most successful traders understand the market, they can trade off of price action alone. They understand price direction, stop hunt areas and can see them before they form. This is the only edge you can have in the market that works all the time! The ability to think like the players! I Cannot stress this enough for y’all. You can’t come into a game of poker and play spades. Yet we focus on all the things they want us to so we can never overcome the game. We spend tons of money on indicators class books etc but we fail to gain market insight from them,, !! When it is the only thing we need to win.
Most trader trade support and resistance.. don’t get me wrong it important but we don’t understand the full concept it’s like we use our brain but we know there’s more parts of or brain that we don’t use than use. But in-depth understand of snr Isn’t the topic here. But I’ll explain the pitfall of trading this way without market psychology
I recall commenting on a teacher post about this pair a month Ago or more as he said they are expecting to take a short position As price reached this current level of resistant. As he expected price to reacted and I’d agree but I’d disagreed with the short position
And here is why I did then and here is the PROOF.
I said ur right but ur trading against price as the market exposed it bias. understand price Movement and actions is key to prevent these pitfalls.
So what happen When price hit that level of resistance! (Note this moved happened crossed many pairs ) besides this fakeout it actually tell us price direction .
Look at the weekly in this pic. It sold almost 200 pips🙆🏾♂️🙆🏾♂️🙆🏾♂️🙆🏾♂️🙆🏾♂️.
But look at the daily- bac to bac railroad tracks. M followed by a W with a lil pip difference between them just enough to make price drop on the chart .
But for the regular trader who taken any position got stopped out both ways. If you sold you won a few but then price retraced back to your entry And vice. My point is they knew most traders would go short At this level cuz we trade rns like retailer traders do. Just look at most post on here it’s all rns! You think they gonna let u win like that ? That will be letting everyone walk into a bank and cash out .! They use the same method they allow us to learn against us all the time. It sad But there’s another way!!!
HOW TO TRADE LIKE THEM-
What really works? Market psychology is what works!! This is factual. Most successful traders understand the market, they can trade off of price action alone. They understand price direction, stop hunt areas and can see them before they form. This is the only edge you can have in the market that works all the time! The ability to think like the players! I Cannot stress this enough for y’all. You can’t come into a game of poker and play spades. Yet we focus on all the things they want us to so we can never overcome the game. We spend tons of money on indicators class books etc but we fail to gain market insight from them,, !! When it is the only thing we need to win.
Most trader trade support and resistance.. don’t get me wrong it important but we don’t understand the full concept it’s like we use our brain but we know there’s more parts of or brain that we don’t use than use. But in-depth understand of snr Isn’t the topic here. But I’ll explain the pitfall of trading this way without market psychology
I recall commenting on a teacher post about this pair a month Ago or more as he said they are expecting to take a short position As price reached this current level of resistant. As he expected price to reacted and I’d agree but I’d disagreed with the short position
And here is why I did then and here is the PROOF.
I said ur right but ur trading against price as the market exposed it bias. understand price Movement and actions is key to prevent these pitfalls.
So what happen When price hit that level of resistance! (Note this moved happened crossed many pairs ) besides this fakeout it actually tell us price direction .
Look at the weekly in this pic. It sold almost 200 pips🙆🏾♂️🙆🏾♂️🙆🏾♂️🙆🏾♂️🙆🏾♂️.
But look at the daily- bac to bac railroad tracks. M followed by a W with a lil pip difference between them just enough to make price drop on the chart .
But for the regular trader who taken any position got stopped out both ways. If you sold you won a few but then price retraced back to your entry And vice. My point is they knew most traders would go short At this level cuz we trade rns like retailer traders do. Just look at most post on here it’s all rns! You think they gonna let u win like that ? That will be letting everyone walk into a bank and cash out .! They use the same method they allow us to learn against us all the time. It sad But there’s another way!!!
HOW TO TRADE LIKE THEM-