2x BreakEven trades today off the 15min chart on EURUSD and AUDUSD. What else is there to say…..but I am reading a great book at moment called Bird Watching in Lion Country by Dirk du Troit. Lots of paragraphs I could have chosen as my thought for the day but I liked this one the best:Who would have thought a deep connection exists between mass and energy? It’s perhaps not obvious, even counter-intuitive but there it is. Science in its most famous formula E=mc² has proven this relationship. You can understand all the different aspects of trading but without understanding their deep connections you are stumbling about in the dark. Deep connections help to formulate a picture you can rely on. It is so often the case; a novice trader diligently applies himself, a thorough study of technical analysis, fundamental analysis, and psychology is undertaken. He knows his stuff, no question. But still he can’t make money. What’s happening?
What’s happening is a short-circuit. The deep connection is not there. There may be many reasons why but they all come down to the same thing. The movement of currencies takes place in the real world in real time. A gap between your system and the real world is exactly where the money disappears into. Deep connections are what close this gap.