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Changes for page Forex

Last modified by Drunk Monkey on 2022-12-23 09:28
From version 14.1
edited by Drunk Monkey
on 2020-11-13 06:18
Change comment: There is no comment for this version
To version 16.1
edited by Drunk Monkey
on 2020-11-13 06:28
Change comment: There is no comment for this version

Summary

Details

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Content
... ... @@ -49,35 +49,35 @@
49 49  
50 50  === Abbreviations ===
51 51  
52 ->Abbreviations you might find helpful 
52 +>Abbreviations you might find helpful
53 53  >##PDH  - Previous day high##
54 ->PDL  - Previous Day Low
55 ->PWH  - Previous Week High
56 ->PWL  - Previous Week Low
57 ->BMS  - Break in Market Structure 
58 ->SMS  - Shift in Market Structure 
59 ->RTO  - Return to Order Block/Origin
60 ->OB  - Order Block
61 ->OTE  - Optimum trade Entry
62 ->IPDA  - Interbank Price Delivery Algorithm 
63 ->FVG  - Fair Value Gap
64 ->SMT  - Smart Money Tool
65 ->LP  - Liquidity Pool
66 ->IOF  - Institutional Order Flow
67 ->BISI  - Buy Side Imbalance Sell side Inefficient
68 ->SIBI  - Sell Side Imbalance Buy Side Inefficient 
69 ->COT  - Commitment of Traders
70 ->AMD  - Accumulation,Manipulation & Distribution
71 ->SH  - stop hunt 
72 ->RTBr  - return to breaker block
73 ->RTBm  - return to mitigation block
74 ->BuIOF - bullish IOF
75 ->BeIOF - bearish IOF
76 ->IOF  - Institutional Order Flow
77 ->OBr.  - Breaker block
78 ->OBm.  - Mitigation block
79 ->LSwH  - last swing high 
80 ->LSwL  - last swing low
54 +>##PDL  - Previous Day Low##
55 +>##PWH  - Previous Week High##
56 +>##PWL  - Previous Week Low##
57 +>##BMS  - Break in Market Structure##
58 +>##SMS  - Shift in Market Structure##
59 +>##RTO  - Return to Order Block/Origin##
60 +>##OB  - Order Block##
61 +>##OTE  - Optimum trade Entry##
62 +>##IPDA  - Interbank Price Delivery Algorithm##
63 +>##FVG  - Fair Value Gap##
64 +>##SMT  - Smart Money Tool##
65 +>##LP  - Liquidity Pool##
66 +>##IOF  - Institutional Order Flow##
67 +>##BISI  - Buy Side Imbalance Sell side Inefficient##
68 +>##SIBI  - Sell Side Imbalance Buy Side Inefficient##
69 +>##COT  - Commitment of Traders##
70 +>##AMD  - Accumulation,Manipulation & Distribution##
71 +>##SH  - stop hunt##
72 +>##RTBr  - return to breaker block##
73 +>##RTBm  - return to mitigation block##
74 +>##BuIOF - bullish IOF##
75 +>##BeIOF - bearish IOF##
76 +>##IOF  - Institutional Order Flow##
77 +>##OBr.  - Breaker block##
78 +>##OBm.  - Mitigation block##
79 +>##LSwH  - last swing high##
80 +>##LSwL  - last swing low##
81 81  
82 82  === fibb settings for OTE areas of interest ===
83 83  
... ... @@ -84,12 +84,38 @@
84 84  FIBBS setting (mt4)
85 85  
86 86  >## Levels Description##
87 -> 0 First Profit - Scaling
88 -> 0.50 50% Equilibrium
89 -> 0.618 %$-62%
90 -> 0.705 %$-OTE
91 -> 0.79 %$-79%
92 -> 1 100.0
93 ->-0.62 Target 2
94 ->-0.27 Target 1
95 ->-1 Symmetrical Swing
87 +>## 0 First Profit - Scaling##
88 +>## 0.50 50% Equilibrium##
89 +>## 0.618 %$-62%##
90 +>## 0.705 %$-OTE##
91 +>## 0.79 %$-79%##
92 +>## 1 100.0##
93 +>##-0.62 Target 2##
94 +>##-0.27 Target 1##
95 +>##-1 Symmetrical Swing##
96 +
97 +=== Psychology ===
98 +
99 +The four primary of trading fears.
100 +
101 +~1. Fear of being wrong.
102 +
103 +2. Fear of losing money.
104 +
105 +3. Fear of missing out.
106 +
107 +4. Fear of losing money on the table.
108 +
109 +Successful Trader need to overcome all these 4 things
110 +
111 +==== The 5 Stages Of A Trader’s Development: ====
112 +
113 +**Stage One: Unconscious Incompetence**
114 +
115 +This is the first step you take when starting to look into trading. You know that it is a good way of making money because you’ve heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy – after all, how hard can it be? Price either moves up or down – what’s the big secret to that then – let’s get cracking!
116 +
117 +Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven’t got the first damn clue about what you’re trying to do.
118 +
119 +You take lots of trades and lots of risks. When you enter a trade, it turns against you, so you reverse and it turns again, and again, and again. You may have initial success and that’s even worse because it tells your brain that this really is simple and you start to risk more money. You try to turn around your losses by doubling up every time you trade. Sometimes you’ll get away with it but more often than not you will come away scathed and bruised. You are totally oblivious to your incompetence at trading.
120 +
121 +