EUR/USD (for scalping)
Can you see some trade?
How do i create it?
1st, define a range.
2nd, run multiple passes on selected currency pairs to find coefficient of each currency pair.
3rd, draw them on chart
Note: select currency pairs based on session: Asian (AUD, NZD), New York (CAD), Base Currency: USD, JPY, EUR, CHF, GBP
How do i find it?
Understand Conflict -> USD long because of EUR short not JPY short (JPY maybe undecided or long too ), so conflict <-> USD/JPY
Different Sessions, Different Currencies -> Bank policy, People interest (Traders, Investors),
=> Providers and Consumers Problem, like chicken and egg.
- Think about currencies, not pairs, which provide, which consume
-> prevent priming bias (about buy and sell or long and short)
- Need to keep two eyes on them.
=> Timeframe: intraday sucks except scalping, intra-week or intra-month is easier, better
- intraday is not mature enough, like date a teen girl, a lot of headace
- scalp like flirting, have fun with them is good
- intra-week or intra-month like girls at 25-30
-> Todo: I need to explain more
It takes me like 2 years from know (look) to understand (see)
2 + 2 + 2 + 2 -> 2 x 4 -> a x b = a add to itself b times
In fact, I trade against my model, understanding of market, belief system not the market itself (because of the way brain working).
Re-frame mind, Learn how to learn, how to think, think about thinking, cognitive biases, ...
The 5 Elements of Effective Thinking
Thinking, Fast and Slow
Summary (not by me): https://github.com/mgp/book-notes/bl...-slow.markdown
It's Not About the Shark: How to Solve Unsolvable Problems
20 Cognitive Biases Reference
Saving short-term (what you learn to day) to long-term memory (what you want to remember tomorrow), Like saving file to hard disk
Gaining muscle, healing wounds
Re-boost energy to highest level
Reorganize brain -> more space to thinking clearly
Healthy food -> Healthy body, Healthy brain
Tea, and water
Turn food into energy
Improve circulation blood flow
Improve lung's capacity, more air into brain
Let mind wander, open for ideas
Forget the task at hand, let the background process of brain work on it -> find solution, improve productivity
I just do a brain dump to
Clear currency memory, open for more ideas
Examine my understanding of market, have other to ask me questions
The curse of knowledge which prevents me from see stuff from different angle
Show my understanding find traders (who also have interest on this subject)
Most of billionaire have at least a partner Warren Buffett and Charlie Munger, Bill Gates and Paul Allen, Steve Jobs and Steve Wozniak, Larry Page and Sergey Brin, Elon Musk and his brother...
Two better than one, so i do need one too
- Have win-win relationship mindset
- At least 2 years of trading
- Can question and explain what you know clearly
- Know your weakness
- Dont waste your time and mine
- Know Scammer's tricks of trade to help prevent yourself and me or i will scam you, LOL
Find a mentor
Fast track to success, who doesnt want a teacher or mentor?
Teach me how to ask the right question, i will find the answer for myself.
Thing to do
Working on MM
Join a contest for fun a profit
Explain more, add more stuff