The Foundations Of Trading Success involves developing a profitable trading system from constant development and many years of forex experience and observing daily market changes and world events and storing the data for future better performance.
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DislikedMedici, thanks for your wisdom. I'm trying to understand your trading principle of "follow, don't anticipate". However, I think it is impossible to not anticipate.
By observing price action and momentum at a certain price level (support/resistance/pivot levels), I am able to follow where price is likely to go.
However, before I enter the trade, am I not anticipating where price would go when I set a predetermined target profit or risk/reward?
So am I not following and anticipating in that sense? Thanks in advance~!Ignored
DislikedMark Douglas...the guy admits he can't trade - how can he then set out on a career as a trader mentor and coach?Ignored