New Discovery And Truth About Forex Trading..why We Cannot Succeed If We Do The Textbook Trading
Today I will show you the hard and harsh truth of why trading is actually a complex herd psychology mentality exploitation for a very long time.
Here is the chart of 1 Hour Cable. Every price movement indicates of how to eliminate traders from their open positions.
YOU CANNOT EXPECT TO HIT JACKPOT OF 100-300 PIPS WITHOUT BEING STOPPED OUT FIRST!!! EVERY TRADES WILL HAVE A PULLBACK OR REVERSAL HITTING YOUR ENTRY POINT BEFORE IT MOVE FURTHER.
GOOD LUCK WITH THE LET PROFIT RUN PHILOSOPHY AND WELCOME TO THE REAL LIFE!!
Swing or Long term traders like to move their stops to every pullback. They think it will lower or eliminate the risk of losing UNREALIZED THAT THE PULLBACK IS MANIPULATIVELY CREATED BY ALGOS AND MARKET MAKER.
IF YOU DO THAT WITH YOUR TRADING THERE IS 95% CHANCE YOU GOT STOPPED OUT OVER AND OVER AGAIN UNTIL YOU FRUSTRATED AND EITHER YOU MAKE MISTAKES OR QUIT TRADING!
DID YOU EVEN REALIZED THAT HIGHER HIGH OR LOWER LOW is ACTUALLY A SCAM to LURE MORE ORDERS PILED UP IN THAT AREA? LIKE MOTH ATTRACTED BY FIRE FLYING RIGHT TO THE BURNING HEAT.
I hope this post can be useful to all aspiring traders out there. Next Post I will talk about How to Exploit The Algo Mentality for your own benefit.
Stay safe and keep the spirit!!
Source: http://priceactionpattern.blogspot.com/2020/01/new-discovery-and-truth-about-forex.html
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