Perhaps you use Bollinger bands or Fibonacci? What about trend lines or moving averages? Have you back-tested and live-tested a few technical strategies and been disappointed with mediocre results? If you are anything like me, you take the disappointment in stride. After all, a few bumps in the road isn’t going to stop the dream of becoming a professional trader. And so, you double down.
WHAT IS YOUR FAVORITE METHOD OF TECHNICAL ANALYSIS?
The Ichimoku Kinko Hyo is one of those indicators you should have at least an understanding of because of its originality compared to Western technical indicators. It is advisable to use this tool in the long-term on daily and weekly charts, where it best displays a panoramic view of what is happening with a certain currency pair. One great thing about the Ichimoku Clouds, for instance, is that it doesn't need any filters as it has them already incorporated...
The brain was not built to trade successfully. In fact, it evolved to do the exact opposite of what is required for successful trading. Your emotional brain’s mandate is self-preservation in the short term – keeping you alive reactively in the moment. To carry out this mission, it simply hijacks thinking if thinking gets in its mandate of carrying out this most basic of survival functions. To do this, it must control outcome in the short term.