as the confirmation of my previous post, i'm expecting the price lower.

Difference between those who trading patterns and those who trading logic..

1st scenario - patterns. the reversal is high risk and low probability.
2nd scenario - logic. the price breaks the logic of short order flow and making a change. high probability.
#academy #lesson #logic #reversal #patterns

The large number of trading opportunities on LTF leads to a large number of decisions. When a trader encounters information on a chart that he understands, his thinking rushes to realizing the reward as quickly as possible. This is due to the phenomenon of hyperbolic discounting, which states that people prefer a smaller reward in the here and now rather than a larger reward delayed in time. A quick reward is easier to observe and experience, so it has a higher subjective value.

A market order in trading is a mechanism for bringing a reward closer in time, be it premature profit taking or impulsive opening of a position.

Market orders promote impulsiveness and gambling. If you only had limit orders in your toolkit, you would approach opening and closing positions more carefully and rationally, since these orders offer a more delayed reward.

#psycho #Education #academy #sscrooge #trading

Why is paper trading or demo account a pitfall?

Trading on paper does not cause the same level of stress when opening a trade as real trading. Therefore, such conditions are not indicative and do not contribute to effective learning and experience. The value of such trades is lower.

To have an effective experience, you always need to take some risks.

Instead of paper trading, it is better to use minimal risk, which will allow you to feel a little stress. For example, 0.25% is enough: 4 losing trades in a row in this case amount to only -1% of the deposit, but at the same time there are 4 mistakes, which, if you sort them out, you will gain experience.

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As you can see in red circle - liquidity sweeps not necessarily provides us with the reversal.. only with local reaction.. That's why sweep is just the beginning of the potential context. Wait for valid reversals first to start looking for longs on a pullbacks in discount.

Overall we are htf Bearish and ltf locally bullish due to PWL sweep.

Be careful. Cheers!

#ETH #AcademyCourse #trading

Remember not to fall in a volatile Monday's trap. It's still not Bullish yet. Better to take it upper but with more confirmations and greater Order Flow, then to risk for nothing right now.

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