AUDNZD – patience, vigilance and planning required.
This video is not about an instant opportunity for jumping in the markets. I’m sharing how I stalk the markets.
New or novice traders – all too eager to make a fast buck – tend to miss the big issues i.e. that it is about patience, vigilance and planning ahead. The methodology shown is relevant to trend following.
How do we find trends? Well, we need to be tracking price action on all time frames and key levels of probabilistic reversal.
It’s been a long journey for me and many new traders out there. For too long I’ve been told by the experts that it is mainly about vigilance and planning. Pain delivered by the markets brings home the truth of that golden message.
These days I say it’s about 80 to 90% vigilance and planning, and 10 – 20% execution.