One of the most important elements when getting used to trading price action is developing that important all round mindset. What do I mean by this? I mean to know exactly what to look for, to know how many confluences one should wait for, to know exactly how much evidence one needs to see. All of these elements are essential to successful and high win ratio Forex Trading. As we all know no one strategy is perfect, however by having the mindset you can definitively be right most of the time. That is where I come in, sharing this concept and I idea as I know developing this aspect is probably one of the hardest aspects of the skill.
– Now, if you are the sort of experienced trader that knows all this already in your trading ( with what I share in this video below ) then you can simply see it as a reinforcement of good trading. However, I would like to congratulate you either way as this is one component that many traders leave out in there trading practice.
In Creating the Mindset Video part one above I go over looking for evidence in your trades once you have identified high probability trading areas. This is one of the most aspects so making it part one is a good start.
The evidence is the general understanding of looking to the left and seeing what price does at a particular major resistance or support area and then waiting for a retest of that area and price action. I show in detail on the 15 minute showing how on each pair selecting at certain prices with the evidence we get some high probability low risk trading opportunities.
I also show in the video my last weeks efforts in trading showing how I bagged just over 600 pips profit ( a few losses is included in that total ) from the market last week. Overall making me have a very active week last week.
… Happy Trading.