Your daily thread to exchange trading ideas and discussion 26 April – ForexLive

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ForexLive

Your daily thread to exchange trading ideas and discussion 26 April
ForexLive
Markets in the now customary early-European pause mode again but how are you all playing it? Being patient? Happy to job the ranges still? Month-end EURGBP buying and ECB/BOJ tomorrow in play but are there a few clouds still obscuring your view?

April 26, 2017 at 12:53PM

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10 Jobs That Pay More Than Minimum Wage for Teenagers

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If you are a teenager who is eager to work and earn money without being paid poorly, pay attention to our article about 10 jobs that pay more than minimum wage for teenagers. I started working when I was just 16 years old. I remember my first job being in my older sister’s shop. She […]

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April 26, 2017 at 12:45PM

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from Aida Salihović

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25 best States For Industrial Engineers

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If you don’t have anything against relocating to a place better suited for your skill set, check out our list of best states for industrial engineers. Bureau of Labor Statistics data tells us that there were 241,100 industrial engineers employed in the United States in 2014. Most of them were…

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April 26, 2017 at 12:30PM

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from Jasmin Cilas

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21 Easiest Songs To Sing That Sound Impressive

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For the times where you’re singing somewhere that’s not your shower, you might want to try out one of the easiest songs to sing that sound impressive. The most annoying people in the world are the ones who try really, really, really hard to sound amazing at karaoke night. I’m sure in some…

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April 26, 2017 at 12:30PM

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from Amber Hewitt

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Eurostoxx 50 futures +0.1% in early European trading – ForexLive

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Eurostoxx 50 futures +0.1% in early European trading
ForexLive
All the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.

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April 26, 2017 at 12:22PM

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Mastery

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The current Mastery course is proving to be a gold mine of information.

Participation was only by invitation  – perhaps that accounts for the fact that the commitment to succeed is so high among the attendees. That’s not to say that the commitment is uniform – in any group, there will be those with a higher drive to succeed than the others. But, it is to say, that as a group, the commitment is higher than most.

Perhaps I should take a step back and outline the purpose of the course. Mastery assumes you have integrated the basic knowledge for trading success: you have a method with a positive expectancy, you keep your journals, you apply ACT so as to remain calm enough to allow your neocortex to manage the fight, flight or fear response, you execute your risk management and method rules with a high degree of consistency, etc., etc.

Mastery assumes you have integrated the basic knowledge for trading success:

  • you have a method with a positive expectancy,
  • you keep your journals,
  • you apply ACT so as to remain calm enough to allow your neocortex to manage the fight, flight or fear response,
  • you execute your risk management and method rules with a high degree of consistency, etc., etc.

Its objective is to move to the next level of discretionary rule-based trading: rather than see the chart as a series of individual patterns & processes; traders start to see the whole picture, they start to see what is important, in this instance, and what is not.

Think of the as a course designed to produce chess grandmasters. They scour the board and see the patterns that are developing rather than merely seeing individual tactics.

What I’ve found with my group is while they are competent in seeing trading as a single pattern e.g. they see a Spring Change in Trend Pattern, they aren’t quite there when it comes to seeing the whole picture e.g. why in this case, the pattern is likely to fail.

BUT, the fab thing is I am seeing such rapid improvement that it has made the endeavour well worthwhile. In the process, I’ve been taught what works and what doesn’t. The course has certainly put paid to the idea that you can become a master by attending a tw0-day or three-day seminar.

The course has certainly put paid to the idea that you can become a master by attending a tw0-day or three-day seminar. The attendance is but a start. After the seminar, you need to put in the work – first attain competence, and then to seek Mastery.

So where are you at? Beginner, Competent, Master? And what are you going to do to get to the next level?

The post Mastery appeared first on Ray Barros’ Blog for Trading Success.

April 26, 2017 at 12:12PM

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from ray

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15 Best Karaoke Songs To Sing On Your Birthday

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If your birthday is coming up and you want to have a singing and dancing party, you might be interested to know the best karaoke songs to sing on your birthday. Birthday parties are the best opportunity to go wild on a night out and have a great time with your friends. I just had […]

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April 26, 2017 at 11:28AM

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from Amber Hewitt

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