Like any other endeavor, good trading should be simple. In other words, you shouldn't employ too many systems or indicators at the same time. But, success in financial trading goes hand-in-hand with good organizational skills. Frequently, traders fail to organize their trades by neglecting to put their system into the bigger picture of the market. This may lead to more unexpected losses, which will affect their trading beliefs and attitudes. Once they lose the necessary positive attitude in trading, things will be much ...
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Like any other endeavor, good trading should be simple. In other words, you shouldn't employ too many systems or indicators at the same time. But, success in financial trading goes hand-in-hand with good organizational skills. Frequently, traders fail to organize their trades by neglecting to put their system into the bigger picture of the market. This may lead to more unexpected losses, which will affect their trading beliefs and attitudes. Once they lose the necessary positive attitude in trading, things will be much harder as they go forward. Think about it... You must optimize everything in your life, from basic skills, like how to speak, how to listen, how to negotiate with others, etc. We are taught to implement things in a way that generates the best possible results. However, the fact is that we cannot perform well until lots of effort has been made. We learn from mistakes, understanding which attempts can be improved and which should be retained to achieve better results while suiting our style. In short, we need to optimize strategies, techniques, and tips via "trial and error" to find a way to sustainable success. Things are exactly the same in trading. Although many "profitable" strategies and patterns have existed for a long time, not everyone makes good use of them. As a matter of fact, not understanding enough about market momentum behind the candlesticks patterns costs traders a lot of hard-earned money. In this book, you will see how I identify these momentums using pure price actions. The reversal trading techniques presented in the book may help you make some BIG steps on the way to consistent profits in trading. They are proven methods that I have been using consistently for years, which would save you a lot of time unlocking trading mysteries. Yet, it will not free you from necessery back-tests via your trading platform, which will help you get a deeper understanding of the new concepts I am conveying. Most important y, you need to be patient, sticking to secrets on market structures and the 3MS principle for a long enough time. Bear in mind that all good things in life take time, and success in trading is not an exception. Also, keep in mind that while many of the real examples in the book are from the currency market, the concepts apply well in any other markets. Now, let's get started.
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