HOW WE TRADE+

CONFLUENCE

Thoughts• One thing before we proceed. Posting good potential trade set ups on charts

after the fact is easy. I cant begin to tell you how many trading systems/ideas i have bought and attended based on looking at charts after the fact. Quite frankly its how a majority of system traders pull you in.

• You look at all their great charts and think you have found your ticket to riches. Reality strikes when you enter your first trade and it does not work. You then go back and look and find that they dont work a large portion of the time. You then chalk it up to experience and head down the road hoping to finally find the key to success. Well i have been chalking it up and walking the road of experience for years in this business. THERE IS NO HOLY GRAIL.

• You must find something that does work a majority of the time THEN try to find something that when combined with it makes it better and so on. This is what i have been doing for years.

• Price action analysis combined with patience and accepting that you are going to miss some good trades when none forms is crucial. The people in this business that trade the most lose the most. perioid-paragraph.

• The people in this business that trade the least and look for the optimal entries are far and away the winners. Master this stuff and combine it with the right mental approach you have a better chance at success than majority of the traders out there.

CONFLUENCE

• Trading With Confluence

Confluence is a joining of two or more levels of support or resistance. it can be two fib levels, two pivot levels or a combination.

In the system trading section it will include moving averages. lets look at some chart examples.

PRACTICE TIME