BlogHide Resteemsmartialchartsfx (27)in forex • last yearThe “Condition-Setup-Entry” Trade ModelThe condition is the container for the setup and the setup is the container for the entry, thus an entry cannot be valid if it is not within a valid setup, and a setup cannot be valid if it is not…martialchartsfx (27)in money • last yearMoney Can't Buy Happiness...Or Can It?We have all heard the saying that "money can't buy happiness", but we don't hear that phrase with full context of what that implies. We can all agree that money cannot be used to create a…martialchartsfx (27)in forex • last yearThe Relationship Between Price Action and Market StructureMarket Structure is the structure of the market based on price either making higher lows and higher highs, making lower highs and lows, or making equal highs and equal lows. Market structure defines…martialchartsfx (27)in forex • last yearWhat Exactly Is Confluence?Confluence is defined as a situation in which two things come together or happen at the same time or a coming or flowing together, meeting, or gathering at one point. In trading, confluence is…martialchartsfx (27)in forex • last yearLearning Psychology: When The Student Is Ready, The Teacher Will AppearIn trading we are most often concerned with the psychology of trading itself, while mostly ignoring learning psychology. To me that is putting the cart in front of the horse. How does a trader…martialchartsfx (27)in forex • last yearIs Having A Forex Mentor A Waste Of Money? Is Not Having A Forex Mentor A Waste Of Time?These are loaded questions and both may be right or wrong depending on both the trader and or the mentor. The mileage varies for everyone based on the available resources and prior experience.…martialchartsfx (27)in forex • last yearThe Difference Between Support & Resistance and Supply & Demand ExplainedSupply is Resistance and Demand is Support, but Resistance is not Supply and Support is not Demand. They may change roles from Support & Resistance to Supply & Demand and from Supply & Demand into…martialchartsfx (27)in forex • last year7 Important Components of a Trading SystemWhile on your journey to learn how to trade, you may be looking for the latest strategy that promises maximum rewards with seemingly minimal effort. I hate to break the news to you, but such a thing…martialchartsfx (27)in forex • last yearThe Trader or The Strategy - Which Is More Important?Too much importance is placed on the strategy and setup rather than the trader that employs the strategy and picks the setup. The fact is, almost any strategy can make money if it is paired with the…martialchartsfx (27)in forex • last yearSome Tips for Selecting Supply & Demand and Imbalance POIsSupply and Demand POIs Use S&D POIs that create imbalance and violate an opposing Supply or Demand. Supply and Demand that have inducement prior to price reaching the S&D zone have a higher…martialchartsfx (27)in forex • last yearWhat Is A Breaker?The Breaker is basically an institutional break and retest or supply turned demand or demand turned supply. In most cases the nature (bullish or bearish) of the candle that initiates the creation…martialchartsfx (27)in forex • last yearHow Much Money Do You Need To Trade Forex?I firmly believe that an underfunded account will soon be a blown account. No army attempts to go to war with 1 bullet and expect to win the war. The minimum deposit is a donation to the broker…martialchartsfx (27)in forex • last yearHow Many Times Can Support & Resistance Levels and Trendlines Be Tested Before They Break?Any touch after the 3rd touch is very likely to break in my opinion. For me 2 points make a level or trendline and it's only usable for 1 more touch (3rd touch). After the 3rd touch they teach that…martialchartsfx (27)in forex • last yearThe 3 Rights For Qualifying Trade SetupsSetups need to be in the Right Place, at the Right Time, and for the Right Reason. Examples: Right Place + Right Time Price is at an unmitigated demand zone (Right Place) at the open of…martialchartsfx (27)in forex • last yearDealing With Confirmation Bias In TradingConfirmation bias is a self defeating attempt to impose one's own bias on the market. This most often results in pre-trade chart blindness. When we analyze the market with a preset bias, we will…martialchartsfx (27)in forex • last yearThe Truth About Fibonacci...Just as Columbus didn't actually discover the Americas which were already inhabited by indigenous people, Leonardo Bonacci Pisano ("of Pisa") later known as Leonardo Fibonacci didn't discover the…martialchartsfx (27)in forex • last yearAlgorithm vs Liquidity In Determining Price (Part 2)Algos used by smart money break up large orders in to smaller chunks and funnel them to multiple liquidity providers (market makers) for fulfillment since forex is decentralized. If there is enough…martialchartsfx (27)in forex • last yearAlgorithm vs Liquidity In Determining Price (Part 1)Based on my research into IPDA and algorithms, central banks, trading firms/hedge funds, and smaller banks use execution algos (EAs) for trading with different objectives. Small banks use EAs to…
