Welcome back to another midweek post. As always these are more psychology and experience related rather than analysis to help boost all aspects of your trading. Today I want to share with you something that has improved my confidence in my trading which I remember my coach touched up on but it is a tip which I feel has gone under the radar significantly. So without any further wait here it is.
When you predict a zone of that price will react of, all you need is exactly that. A reaction. It doesn’t neccessarily mean you are completely right in your prediction but as long as you get a reaction it means you predicted correct that there is pressure there. Here is a video to explain what I mean completely as it would be much easier to see it visually.
Hopefully this made sense and gives you confidence moving forward everytime you are predicting certain things to happen on your charts. Like I said, psychology and confidence are critical in trading so they need to be worked on at every little bit we can get to make us stronger and stronger and eventually we can turn this confidence into capitalised opportunities and the cycle continues.
On a side note I have launched my own podcast which if you could give a listen to, rate,share and review I would appreciate it and would help me out a lot. It is available on iTunes, Stitcher and Spotify and has alread made it to New and Noteworthy in the Business – Investing category so must have some value in there right.