Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Fibone
-
Content Count
4 -
Joined
-
Last visited
Everything posted by Fibone
-
The "Flip" Trade (support and resistance changing roles)
Fibone replied to walterw's topic in Technical Analysis
The 4 hr FTSE100 chart shows *S/R flipping back and forth. *Horizontal and TrendLine -
Here's an article about Concentration http://www.counselling.cam.ac.uk/concen.html
-
My own definition of a trading edge is a mixture of technical skills and psychology. 1. Knowing yourself ie identifying your strengths and weaknesses; 2. A logical and flexible trading method(s) suited to your own personality and written down; 3. Intelligent position sizing; 4. Maximising profits as much as possible; 5. Minimising losses and risk as much as possible; 6. Discipline to follow your trading plan; and 7. Patience to wait for the very best setups. Should lead to a trading edge ie positive expectancy.
-
I guess many of the experienced traders know about this free newsletter on trader psychology. I personally find it a useful trading resource. http://www.marketwise.com/MW_RA/MentalEdge.asp