Learning To Be Wrong

Effective trading is not about trying to be right on each trade, it’s about being fluid in an everchanging market. When we approach each trade trying not to be wrong, there is a layer of fear that clouds how we see things and effects our every decision.

This video is a Clip From one of our Live Sessions where I talk about consciously practicing with being wrong while demonstrating on a live USD/JPY market. I give a practice exercise to loosen up this aversion. As traders, we are going to be wrong a lot so its best to dispell the shame of it so we can approach each trade with more clarity.

Reading The GBP Part 2

In Part 1 of Reading The GBP, we learned how to read the story that price was telling by mapping simple relative swings. In Part two’s clip from our live session, we take that same market and include more data. The thing to remember is, no matter how much data you have on the chart, you can always structure a market to see the story that price is telling you. We do this by mapping minor and major swings. 

 

 

Reading The GBP Part 1

This is a clip from one of our Language of Markets Live sessions. It’s is an exercise where we describe the story that the GBP is telling. We take what looks like a chaotic market and structure it with simple swings to see it clearly, taking some of the crazy out. Once mapped with simple relative swings, you can read price, design your own trading plan and make intelligent trade decisions.

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