Traders wisdom part (10) Building a Relationship with Markets

If you can build a relationship with the market like you Should treat a friend, a Master Trader will let it guide their trading approach using the information that it provides right before them .

Traders should use this relationship & understanding with the markets as the perfect opportunity to enhance their Setups .

By accurately using your setup criteria you define and use to enter a trade, you will learn to remain patient of price pattern identification and wait for those certain characteristics to present itself like those of a friend or partnership
you find most attractive  .

Like all long term successful relationships – Good communication is an essential requirement to both parties involved .

The Master Traders understands this concept .

Only when the markets have communicated ” Shown its hand ” will the Master Trader feel the need to act accordingly with Execution as his only reply .

Become consistently profitable requires correct application of your Trading . Build a relationship with the market and let it confirm/deny your own trading ideas .

Listening to the Market & Patients

The baldy one has spoken – Copyright © 2011 tweeterTrades

Traders wisdom Edition

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One response to “Traders wisdom part (10) Building a Relationship with Markets

  1. My only thing is I hope my future relationship with my wife is not as volatile as this Euro 🙂

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