Right and wrong are actually poor terms to use when discussing analysis. Everything is of course “probabilities”. More correctly we should possibly refer to our ability to make positive or negative expectancy decisions and whether not the outcome falls in our favour. But I assume you know what I mean. So let’s go… You WILL…
Let’s take a brief look at Monday’s daily chart from the E-mini Nasdaq futures (NQ). And let’s ignore any hindsight analysis, given that you possibly already know the outcome of this price sequence. The chart and subsequent discussion occurred at this point here (as did the writing of this post): And now, a comment that…
One of the essential breakthroughs we need to make in our journey involves learning to think in probabilities. It's something that all traders say they understand. But, for most new traders, their behaviour and decision-making shows that it has not been accepted. This came to mind when I received the following email question: –…
