Dont Miss to watch Video
Here is an eye-opening video of what can be accomplished with an abacus.
Notice that what’s really accomplished here is rapid thinking that does not take place in words.
This is very relevant to recognizing patterns in order flow and very short-term price patterns.
The key is to develop a “language” that is not verbal. The soroban provides a non-verbal language.
Tagged in: price patterns, soroban, verbal language
24 November 2011 - 11:09 am
The ANTICIPATION Phase: this is where all the left hand chart reading takes place in preparation for the right hand chart battle. It’s the PROCESS that precedes the ACTION to put on a trade. A technical trader anticipates that a past price pattern will… more
Tagged in: action phase, anticipation, confidence, current market, human nature, left hand, match, price patterns, profit target, repetitive behavior, technical trader
29 August 2011 - 23:29 pm
Traders often hear about the potential benefits of preparing actionable trade plans prior to the next trading day. The goal of such preparation is to make yourself immune to mental edge breakdown. One of the greatest threats to your mental edge is coming… more
Tagged in: emotional responses, mental edge, possibilities, price move, price patterns, psychology, scenarios, trade decisions
19 March 2011 - 21:45 pm
Crowd mentality changes slowly, and price patterns recur, albeit with variations. Emotional swings provide trading opportunities, while efficient markets chop up and down, offering no edge to traders, only piling up their costs
Tagged in: crowd mentality, emotional swings, price patterns, variations
23 January 2011 - 8:23 am
Confirmation is necessary to validate a break of important support and resistance levels such as price patterns, moving averages and trend lines. Technicians and traders define Confirmation in various ways. While market situations vary, below is a guideline… more
Tagged in: confidence, confirmation, investment objectives, investors, level combination, level volume, market situations, moving averages, price patterns, resistance level, resistance levels, risk reward, substantial surge, substantial volume, term traders, time confirmations, time frame, time frames, trend lines
21 September 2009 - 8:18 am
I’ve always said, you don’t have to blow out an entire account before we figure out the significance of being disciplined. You don’t need to feel pain to learn that lesson. You just have to commit to the process of becoming disciplined.… more
Tagged in: belief, benefit, current trading, fear, fundamental question, impulsiveness, money, phobia, price patterns, probabilities, profession, proof, repetitions, snake, speaking in public, trades, when was the last time
17 May 2012 - 16:04 pm
17 May 2012 - 16:01 pm
17 May 2012 - 11:42 am
The World’s Worst Teacher The market often rewards bad behavior. You exit a stock because your stop is hit. You are okay with this because you followed your plan. The market then immediately reverses. You begin to think, “If only I stayed with the position… more
In Categories: Education
15 May 2012 - 12:18 pm
1. Know the difference between trading and investing. We are traders, NOT investors. •• Disciplineis doing the right thing at the right time…every time! Survival in this business is dependent on the right decisions. 2. Don… more
In Categories: Education
14 May 2012 - 16:59 pm
Last week I was watching a investor query an analyst on a television show , the analyst in his most humble opinion on a particular stock said “Fundamentally it is good , technically it is not looking so good ” . What should I do asked the investor… more
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07 May 2012 - 19:58 pm
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08 May 2012 - 13:23 pm
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For SILVER SPOT :Our Target and Support area was $ 28.98———… more
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The Bundesbank’s TARGET2 claims toward the rest of the Eurosystem, or… more
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