DON'T HUNT TRADES !!!!!!

You don't have to hunt profitable trades, if you will wait, they will come to you. LET PROFITABLE TRADES FIND THEIR WAY TO YOU!!!!!!!!!

The difference between the consistently profitable trader and the trader who is struggling is that the profitable trader has learned to let profitable trades come to her/him. The profitable trader waits for a proper trade set-up and is anticipating it, the most important thing about a consistently profitable trader is that she/he is willing to forgo a trade that does not show a clear advantage.

Great trading is more about waiting for proper trade set-ups and opportunities than it is about being smart. If you wait, proper trades will seek you out, begging you to come in and enjoy and partake of the profits. That is the master discipline that MUST be developed if you are to enjoy a good living trading.

It is hard if you feel the need to constantly be in the market. The more you are in the market the more you are exposed to risk and the more you expose yourself to risk the more likely you are to be bitten and bitten hard. You have got to develop 'THE ART OF WAITING', it is one of the master trading arts along with confidence and disciple.

YOU CAN DO THIS (^_^). Start with learning your candlestick psychology and force yourself not to trade unless you can see a clear trading advantage. Use your demo to help develop this discipline if necessary. Your charts will tell you more truth than any other source learn to read it like you read your favorite book.

Lastly WAIT for profitable trades to COME TO YOU!!!!!!!!

YOU CAN DO THIS (^_^)

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ANTICIPATE

One of the biggest mistakes traders make is jumping in at the end of a price move. Once price has a direction, we expect for price to move that way forever, and either fail to secure our profits, or try to keep riding a profit train that has come to the end of the line.........



This is a costly error. Price does not continue on forever; at some point it is going to turn against the current trend. Believe me, I love to ride a good profit train and hate to get off of it, but price is only going to go to it's next destination before returning to the station or moving to a totally different one.



Your current trend will not go on forever no matter how good the news or the economy is, at some point trends like rivers develop bend and curbs and ultimately reversals. It helps if you know where the river banks are. That is where your support and resistance come in, price may turn at a resistance/support point or it may simply move sideways before finding a way to follow the current trend. These are areas that you want to pay particular attention to price action.



Most of the time, your candlesticks will show you the direction you must take at these areas. Learn to anticipate where your price is going to move. That is how your trend line, candlesticks and support and resistance work together to help show you the most profitable trades. If you are trending, buy pullback/sell rallies in harmony with that trend. If you hit a resistance, then look for a validate candlestick reversal before shorting that resistance, if you are at support begin to look for a valid candlestick reversal pattern to bounce off of that support area. If you don't get these patterns and price keeps going then it is time for a new strategy, but following your trend is going to yield your most profitable trades.



Follow where your price leads, but your trading tools help you to predict where price maybe headed. Anticipations makes for some very lucrative and profitable trades.........



YOU CAN DO THIS (^_^)





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LISTEN TO THE WISDOM OF THE CANDLES

Your candles always have a tale to tell and you would be very wise to listen as they whisper hints about what is going on in the market. In order to trade your very best, it is very very important for you to learn to properly interpret the language of your chart. Now you can use either the bar or candlestick chart to do this, there is really no real difference in the information between the two, but the candles give you a clear immediate visual advantage over your bars. Whether you use bars or candles isn't as important as being able to understand what they are saying to you.

Learning to properly interpret this language will save you hundreds to several thousands of dollars. The trader who has taken the time and patience to learn this language heaps huge rewards as a benefit, but those who don't suffer the wrath of the market time and time again.

Now it is possible to have a perfect understanding of the market and still miss it. All the proper interpretation does is give you an advantage that will put profits in your pocket most of the time.

Your charts are always telling a story and if you can properly interpret that story the market will pay you big dividends for that knowledge.

Here is one of my favorite beginner candlestick video:



Also pick up Steve Nison's candlestick book at your local library: THE KNOWLEDGE IS THE POWER IN TRADING, and having it is the difference between going broke and thriving.

YOU CAN DO THIS (^_^)

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