📔There is something about mechanical models you should consider : we have no 100% mechanical model ,always there will be a difference between people on how the understand it.another thing you should keep in mind is that in these mechanical models you should check the market every day to see if the setup is happening else you are ruining the probabilities.
Inverse model results for the second quarter of 2023 on $EURUSD :
▶️total trades : 35
▶️wining trades : 22
▶️winrate : 63%
▶️R/R : 1
▶️consecutive win/loss : 5/2
⚠️I only backtested the asian high/low liquidity.
entry : 2:30 AM- 4:30 AM(london session)⚠️
▶️total trades : 35
▶️wining trades : 22
▶️winrate : 63%
▶️R/R : 1
▶️consecutive win/loss : 5/2
⚠️I only backtested the asian high/low liquidity.
entry : 2:30 AM- 4:30 AM(london session)⚠️
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⚠️Examples and possible trades discussed may not have been executed. Some of these results may have under-or-over-compensated to demonstrate a teaching concept. In addition, these results may be skewed due to market conditions, liquidity, and other market factors.
No representation is made that your account or you will be able to achieve profits or losses similar to the ones shown on our content.
No representation is made that your account or you will be able to achieve profits or losses similar to the ones shown on our content.
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Forwarded from Best Financial Books
In Mastering the Mental Game of Trading, Steven Goldstein shares his insights and experience as a renowned trading performance coach to help traders achieve success in the markets.
Through personal anecdotes and relatable stories of real traders, Goldstein explores the inner world of trading and reveals how our attitudes and misconceptions can prevent us from achieving our full potential.
Goldstein introduces his powerful model, the Performance Process Cycle, which teaches traders how to overcome their emotions and biases, improve self-awareness, and make sense of how they are impacted by their interactions with markets and uncertainty. By applying this model, traders can develop an unparalleled level of calm and objectivity, enabling them to navigate the treacherous terrain of financial markets with ease.
With Goldstein’s guidance, traders will be inspired to reflect on their own behaviours, beliefs, and actions as they work towards mastering the mental game of trading.
Through personal anecdotes and relatable stories of real traders, Goldstein explores the inner world of trading and reveals how our attitudes and misconceptions can prevent us from achieving our full potential.
Goldstein introduces his powerful model, the Performance Process Cycle, which teaches traders how to overcome their emotions and biases, improve self-awareness, and make sense of how they are impacted by their interactions with markets and uncertainty. By applying this model, traders can develop an unparalleled level of calm and objectivity, enabling them to navigate the treacherous terrain of financial markets with ease.
With Goldstein’s guidance, traders will be inspired to reflect on their own behaviours, beliefs, and actions as they work towards mastering the mental game of trading.