moonchild
VIP Contributor
Patternicity is a new terms coined recently by a financial expert, who has been trading for a while, he observed a problem in traders which is basically trying to lump patterns and structures into one lens and also expecting the market to act a certain way just because it did sometime back.
It is important to understand that every moment is unique in forex trading, or any type of trading, no outcomes are the same and you should make that part of your trading mantra, by doing this you'll be able to treat every moment differently from the next.
You can lose money if you lump marlet moves together and try to see them the same, you should adjust your risk according to what you can see in the market as at that moment, because that's the only thing that matters.
Mark Douglas also emphasize this point in his book trading in the zone.
It is important to understand that every moment is unique in forex trading, or any type of trading, no outcomes are the same and you should make that part of your trading mantra, by doing this you'll be able to treat every moment differently from the next.
You can lose money if you lump marlet moves together and try to see them the same, you should adjust your risk according to what you can see in the market as at that moment, because that's the only thing that matters.
Mark Douglas also emphasize this point in his book trading in the zone.
