AUD/CAD Long and AUD/NZD Short

Apr 25

AUD/CAD Long

Minimum entry requirements:

• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.

AUD/NZD Short

Minimum entry requirements:

• 1H impulse down.

• If 2 touch 15 min continuation, 5 min risk entry within it.

Apr 25

Note

"Most traders don't know why they did what they did because most traders don't plan their trades, thus eliminating any connection between themselves and the results of their trades."

Apr 26

Note

"What is useful is understanding that traders typically act as a group, very similar to a school of fish or herd of cattle."

Apr 27

Note

"Greed is founded in a belief in scarcity and insecurity.

Both beliefs generate fear.

I am defining "greed" as a belief that there will never be enough available to fulfill oneself in combination with a belief that one always needs more to feel secure or satisfied."

Apr 28

Note

"If two or more people have the same fears, they will typically compete among one another for the existing supply."

Apr 28

Note

"In the market environment you have to make the rules to the game and then have the discipline to abide by these rules, even though the market moves in ways that wilt constantly tempt you into believing you don't need to follow your rules this time."