Your priority in trading MUST be capital preservation before profit. Every professional trader knows this and acts on this in his or her routine. The edge we trade is only slight… and as we teach in Lesson 10 – there is a fine line between pleasure and pain… A fine line between consistent profits and
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Recent market volatility on the daily charts has paved the way for textbook price action on the lower timeframes. Here we have the 1H chart of GBPUSD. Identifying the basic BREAK and RE-TEST pattern is one of the many many layers of confluence we can apply over our setups to provide a profitable edge in
Let’s talk about that big blue rectangle on my daily chart. We call them support zones (or resistance zones). The upper and lower lines of the rectangle are independent support/resistance lines that you can see have rejected price multiple times. When two of these S/R lines are very close together, we fill the space and
This very video is in LESSON ONE of the Infinite Prosperity course… Interestingly, it has taken nearly 4 years for someone to ask a mind blowing question (that we kind of expected to answer years ago). // Student Question: So what’s your take on “Do what you love, forget the money” in regard to
The fear of losing capital is one of the primary 4 trading fears that hinder the progress of new traders! When a student asked recently us how to deal with it, this is what we said: 1. How much capital are you trading in terms of your weekly income? You don’t have to say numbers