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Samurai

Hagakure : Trade Like A Samurai 🏯👺The Hagakure: The Book of The Samurai records Yamamoto Tsunetomo’s views on bushido and the warrior code of the samurai. It was written in the early 18th century and explains many principles of the Samurai warrior. Many of these same principles can be used in business, sports, trading, and investing to achieve a warrior mindset and overcome your ego and emotions along with your adversaries. Bushido Code The Bushido was a code of conduct for the Samurai consisting of 8 core principles. Righteousness Heroic Courage Benevolence & Compassion Respect Integrity Honor Duty & Loyalty Self-Control Let’s apply these same principles to success in trading and investing. Trading Like A Samurai Doing the right thing: If you have your own system, method, and process with an edge over the competition then if you follow it you should be free of guilt and regret. Knowing you are doing the right thing is a powerful psychological tactic that frees your energy and creates single-mindedness and focus of action. Confidence in yourself and your strategy : You can take immediate action to follow your strategy when you have faith in yourself and your process. Faith in action leads to less stress when facing unknown future events. Positive self talk : We must be a friend to ourself with internal self talk. Our own inner dialogue and thoughts should be positive and like that of a friend and coach not an enemy. Self respect: We must appreciate our past successes and have confidence in our path and future goals. We should never talk negatively about ourself to others. Right action and effort creates self respect, laziness and wrong action hurts it. Know yourself : Be whole and undivided in who you are and what you believe. Ensure your actions match your words and beliefs. Honor: Samurai were warriors with a sense of self worth and lived by the highest code of behavior and conduct. To abide by the principle of honor, we must acknowledge your moral responsibilities for taking actions consistent with or systems and beliefs. Doing the work consistently: We choose the method we will focus our work and effort on at the beginning of our journey. Then our path consists of executing loyally to our goals. Managing emotions, desires, and ego: The ability to use your mind and your principles to override feelings, wants, and arrogance is true power. A true samurai first defeats their self before facing any external enemy. "Study hard and all things can be accomplished. Give up, and you will amount to nothing." - Yamaoka Tesshu. Thank For Reading This, Hope You Find Something Useful In Here. Source The Hagakure : The Book Of Samurai By Yamamoto Tsunetomo ,Steve Burns.
BITSTAMP:BTCUSDEducation
by Zestiria
13
GBP/JPY Samurai master plan unveiled, short swing opportunityWhat we have here on the daily chart: - Those highs sitting right below the daily block - The daily breaker which should now act as temporary support So I'm thinking the Samurai will initiate a fake breakout of that inverse head and shoulders we're making, take those highs (loads of stops resting there by now), and proceed to sell off. Maybe aim for the red weekly level below in a few months. This could be a few weeks worth of trade but 1000 pips sure sounds nice. Of course, it's possible this theory gets invalidated, which would happen if we really get a breakout and then find support around the thick green level. Trade carefully, the Samurai are watching.
Short
by UnknownUnicorn3664665
USDJPY Warming up for a stop run and then DUMPThe Samurai are planning a surprise attack on Dixie. So we have: - A few highs resting just below a significant breaker (or just plain broken support that should now be resistance), creating a liquidity pool just above them (everyone who went short around this level now probably has their stops above that high. - Void left by the inefficient move down - Confluence with DXY since it broke some lows recently, making it more bearish. - The breaker I outlined above falls right on the .705 fib retracement for this whole move. This makes it a perfect candidate for a short play once it reaches that .705 level. I can see two targets here with decent R/R ratios, marked on the chart.
Short
by UnknownUnicorn3664665