Knowing the system As you may have guessed, I will revisit the substantive preparation - I mean the bore about the need for comprehensive knowledge of the system. This will help us know whether a loss is a natural operation of the system (and everyone has individual losses or periods of loss) or whether there is something else behind it. You need to get used to...
Sometimes traders freeze up in the face of some market event. I had that myself, which led to the loss of my first deposit. Many years later, I remember it as if it were today: I drew a trend line on GBP/JPY and set an order as I thought right above it. It was Sunday evening - in a moment the market was about to move. In a moment it did. For an hour I watched it...
The glass ceiling is the level of cash at which the stress level suddenly and unexpectedly increases. Thinking of a specific sum that "causes" this effect in the psyche will indicate the size of the position exposed to risk. It also happens that traders talk about the "glass ceiling" when specifying the size of the account they have with a broker, but even so,...
Why does trading discipline weaken or disappear altogether, and it happens that in retrospect we see that we did a lot of stupid things? Let's start with some clarification. When talking about discipline we will have two things in mind. The first is discipline as a single act - an act of willpower. The second is discipline as the ability to repeatedly apply...
In the shorter term - high levels of emotion and stress cause lower intellectual performance. Lower intellectual performance is, in other words, less efficient thinking. This is the reason that we generally perform less well on any exams, such as forgetting the simplest and most obvious things. In the long term, constant stress - can lead to irritability,...
The first and primary challenge for you in the first step of learning the system and trading is to commit all your efforts to learning the system. The result of your work should be: correct identification of the signal from the system, correct placement of an order, correct management of it until you exit the market. Therefore, your first step towards...
An investor (trader) is an analyst plus a decision maker. But the system and correct recognition of signals are not enough. Investing (trading) is an activity that requires making good decisions. And it is decisions of a specific type - under the conditions of the existence of risk. This very important topic. Today we will cover the first step towards making your...
The path from "zero" to "Top Investor" requires knowledge of how our brain learns the fastest. This is part of the knowledge of the path of success in trading. The best traders started from scratch - they knew nothing. One of the critical moments of their development was when they began to understand the system. It was often preceded by various events, moments of...
Hi , we are really getting so close to buying opportunity please accumulate on long side little by little ..... Goooood Luuuuuck
USD versus other currencies. USD/PLN, USD/JPY, USD/EUR
Long position on USDPLN based on M1 and lower timeframes as we reached lower area of up trend channel formed from 2008
Your favorite traders trader. Meet the Don of chart analysis
Double drop confirmation on FX_IDC:USDPLN
Polish currency strengthening after govt election and still is getting stronger what is confirmed in TA. USDPLN just printed nice bearish candle still being under 200EMA and that's for me is a bearish signal. Its not an advise its only my opinion.
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold Fib Retracement confirms a target to the Long side Take Profit is Derived from Pivots
The rising USD against PLN has finally broken through its descending trendline. This strength in the dollar can be attributed to rising bond yields (amid an unmoved Federal Reserve) and the prevailing economic challenges in Poland and the European Union (recessions). On a technical note: The USDPLN pair has successfully broken out of a descending trendline on the...
I was gone for quite some time, will post more charts now. Here's what I see for this pair. The MM needs to complete the move with one remaining swipe to the upside.
Hi traders. On this pair we are currently seeing a breakout. If the breakout holds we are able to take a position going long. USD Is showing signs of strength across most currencies.