Any trader worth her/his salt will "SEE" the trend before it starts (visualization). Just like a golfer as example "SEES" the drive off the "T" going straight down the visualized destination, the golfer pictures in the mind a perfect swing etc before the ball is even hit. Read Jack "golden Bear" book.
Would a General go into battle without a battle plan, would he not have the results pictured in his mind first? When the battle starts the General would adjust to the unfolding battle.
A trader must understand a trend is not a trend until it displays a trend. Taking a breakout is not trend trading, breakout failures and breakout retraces are not to be confused with trend trading.
Attempting to catch a trend before one starts is where the visualize comes into play. BEFORE you go doing something stupid like guessing the exact tick to fade etc, you must have a pre-set plan of action to deploy just in case a trend starts. You will know the odds of a breakout failure, you will have filters, such as a less than 5% move on a breakout is under suspicion, or if price loses momentum right after the breakout takes out stops. If price shows follow through then you are looking good baby.
Do you get in before filters? Do you get in before the breakout? Experience will answer many questions like those and a hundred more.
Do not trade like General Custer went into battle and get blindsided when the odds were against him and his only words were" where did all those fucking indians come from?" Be prepared and know what you are looking for.
Would a General go into battle without a battle plan, would he not have the results pictured in his mind first? When the battle starts the General would adjust to the unfolding battle.
A trader must understand a trend is not a trend until it displays a trend. Taking a breakout is not trend trading, breakout failures and breakout retraces are not to be confused with trend trading.
Attempting to catch a trend before one starts is where the visualize comes into play. BEFORE you go doing something stupid like guessing the exact tick to fade etc, you must have a pre-set plan of action to deploy just in case a trend starts. You will know the odds of a breakout failure, you will have filters, such as a less than 5% move on a breakout is under suspicion, or if price loses momentum right after the breakout takes out stops. If price shows follow through then you are looking good baby.
Do you get in before filters? Do you get in before the breakout? Experience will answer many questions like those and a hundred more.
Do not trade like General Custer went into battle and get blindsided when the odds were against him and his only words were" where did all those fucking indians come from?" Be prepared and know what you are looking for.
