Do You Know What You Are Being Patient for?Patience in trading is the discipline of being with your restless energy when things aren't happening they way you want them to. If we are to be patient, we must know what it is we are being patient for. That is part of what making a trade plan is all about.
I know I’m being patient for the conditions of my setup to line up. After that i know I’m being patient for my planned entry to hit. Then I know being patient and waiting to either get stopped out or start to manage profits. There is no escape other than to make up some justification to break my discipline and try to make something happen or force the trade.
The analysis for this trade is simple and straightforward. FNV is going down according to the fixed cycle (amount of bars on the chart) I’m looking at, therefore I want to sell a pullback. The rest is just structuring an exact entry and stop along with management after im in the trade.
Understanding and practicing patience in trading is not just about waiting; it's about disciplined waiting with a clear purpose and strategy. Its a practice.
Shane
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SIMPLE RULE BASED Structure FOR BEGINNERS☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment.
5 Economic Benefits Of Interest Rate Decisions in BankingInterest rate decisions play a crucial role in the functioning of the banking sector and the broader economy. Here are five economic benefits associated with interest rate decisions in banking:
1. Monetary Policy Tool:
- Central banks, such as the Federal Reserve in the United States or the European Central Bank, use interest rates as a primary tool for implementing monetary policy. By adjusting interest rates, central banks can influence the money supply, inflation, and economic growth. This helps in maintaining price stability and promoting sustainable economic development.
2. Inflation Control:
- One of the primary objectives of central banks is to control inflation. Adjusting interest rates can impact consumer spending and business investment. Higher interest rates can discourage borrowing and spending, which may help to cool down an overheating economy and control inflation. Conversely, lower interest rates can stimulate economic activity during periods of low inflation or deflation.
3. Encouraging Investment and Borrowing:
- Lower interest rates make borrowing more attractive for businesses and individuals. This encourages investment in capital projects, expansion, and consumption. This, in turn, stimulates economic growth and job creation. Conversely, higher interest rates may discourage borrowing and spending, which can be useful in preventing excessive borrowing and speculative bubbles.
4. Stabilizing Financial Markets:
- Interest rate decisions can have a significant impact on financial markets. By adjusting rates, central banks aim to stabilize financial markets and prevent excessive volatility. For example, during times of economic uncertainty or financial crisis, central banks may lower interest rates to provide liquidity and stabilize financial institutions.
5. Exchange Rate Impact:
- Interest rates can influence exchange rates, and changes in exchange rates can have implications for international trade and investment. Higher interest rates may attract foreign capital, leading to an appreciation of the currency. Conversely, lower interest rates may lead to a depreciation of the currency, potentially boosting exports. Central banks consider these effects when making interest rate decisions to maintain a balance in the external sector.
It's important to note that the impact of interest rate decisions can vary depending on the overall economic conditions, including the stage of the economic cycle, inflationary pressures, and global economic factors. Additionally, the effectiveness of interest rate policies may have limitations, and central banks often need to consider a combination of monetary and fiscal measures to achieve their economic objectives.
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The information provided above or below is for educational and informational purposes only.
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It does not constitute financial advice, and trading always involves
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a risk of substantial losses, regardless of the margin levels
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used. Before engaging in any trading activities, it is crucial to
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conduct thorough research, consider your financial situation,
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and, if necessary, consult with a qualified financial advisor. Past
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performance is not indicative of future results, and market
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conditions can change rapidly. Trading decisions should be made
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based on careful analysis and consideration of individual
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circumstances. The user is solely responsible for any decisions made
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and should be aware of the inherent risks associated with trading in
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financial markets.
Live stream - Forex Trading Analysis: Technical Market ForecastGame Time !.. 🙌 Tune in to see what i will be trading for this Week! Let's see what opportunities are showing 🙌 8 years of experience🏌🏽📉 ❤️Please support by liking/hitting the rocket button, thank you!❤️ #forex #forexanalysis #forexoutlook
The Trader's Toolkit: Building a Dynamic Trading JournalJoin us in this comprehensive tutorial as we walk through the essential process of building a personalized trading journal. Whether you're new to trading or aiming to elevate your strategies, this educational video empowers you with the knowledge of why building a trading journal is a critical step in your trading journey. Learn with us, and discover why a trading journal is a crucial addition to your trading toolkit.
Predict the clarity of the price, not it's direction☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment.
Navigating Markets with Gann Fans: A Step-by-Step GuideWelcome to our comprehensive tutorial on placing and utilizing Gann Fans. In this step-by-step guide, we'll dive into the practical aspects of Gann Fans, a powerful tool for assessing non-horizontal support in resistance for technical analysis. We will thoroughly explain how Gann Fans are placed and what pitfalls to avoid when placing them. Whether you're new to Gann Fans or looking to enhance your trading strategy, this video provides actionable insights and a real-world example to help you harness the potential of Gann Fans with confidence. Join us as we demystify Gann Fans and empower you to navigate market swings with precision and skill.
HOW-TO: Use the Universal Forecaster IndicatorHello everyone,
I apologize for the delay in posting this tutorial.
This is the tutorial for the Universal Forecaster. In it, I cover:
1. What it is,
2. How to use it,
3. Its associated strategy,
4. Its functionality
As always, let me know any suggestions, comments or questions for the indicator here or on the indicator page.
To view the indicator, you can check it out below:
Thanks for watching and safe trades!
Wyckoff Optimism-Pessimism Index Discussion on BitcoinWe show why our proprietary indicator is much better than a normal On Balance Volume indicator, by showing three recent chart points where our indicator warned you of an possible trade, where as the On Balance Volume did not.
We are launching a suite of Wyckoff indicators here on TradingView in the coming days that will be Invite-Only but very affordable.