Boy do I have to write some things down now. It’s what hit me this morning. Kind of a major breakthrough.
But first…I see Win came on first here.
Thanks for the encouragement.
Ok here we go.
I think this is what I’ve been looking for. And it makes sense. My predominant issue lately is about my approach. There are many different ones, but this one I like. I will uncover it now, from general to specific.
See, I want to be an observer. Not a predictor. I want to be most objective when I view the market. Meaning, trying to see what is happening without any view of trying to predict where price might want to go. Just simply wanting to see the market as it is. An observer. One who is not biased in any way. One who does not have in mind, one way or the other, where things should go. Completely unbiased. And also to understand what is actually taking place, which is an unbalance of orders from traders (as the bottom line).
And given all that, as a precursor, this is what makes sense to me. The market has structure. The market is either trending high, tending low, or ranging. It’s a set of conditions that can have probabilities to it. It’s an outcome of what takes place from the participants. And if there’s one thing that I realize where I went wrong before, it’s this. I rooted for the subjects. If it was the AUD, the USD, or any currency, that was my focus! I was one sided. There was such a bias. That is a very, very difficult thing to avoid when my most fundamental view was on the currencies themselves. A lot of hope goes into it. How long will a currencies strength/weakness last, hoping that its trend will continue, or waiting for a turn of sentiment, etc…
But now, I want to turn my focus on the conditions that take place in the market, [I]as my primary focus[/I].
Price will either be trending high, low, or ranging.
That subject, in itself, requires much understanding. It can be studied. One of the most important aspects I remember is [I]putting trends into perspective[/I]. And that’s one thing I love to do. I put [I]all[/I] things into perspective, in my life. So, my point is, I will be looking for these states in the market. Uncovering them in regards to the different time frames. Being aware of the long term, medium term, and short term trends.
And what should naturally follow this focus is probability thinking. And Unbias and objective way to trade must be a more probable way to trade. I know that I need to see both sides of a trade. It only makes sense.
Well, this is what I want. This is how I want to be. I have so much work to do. But, this is my starting point, my angle.
I’ve been writing down a lot of stuff on the subject. Because I need to have knowledge, skills, and abilities. I’ll get to putting it out here next. I just needed to start with this.