Multitasking Brain

Most traders, professionals and non-professionals, do not have a department with technical analysts who process information and prepare the report for the trader to operates in markets. Just the same person is the technical analyst and trader, this usually leads to errors in interpreting charts and especially for traders who operate following  price action  these faults surely lead us to a bad execution of operations. Regardless of price action.

This means that we sort and organize our work before, during and after each day.

The first thing to do is get the suit of  Technical Analyst market and get quality information that will allow the trader to make better decisions, identify profitable opportunities, try to act on the right side of the market, and avoid false signals.

Our first job is to define in our charts  support levels and resistance that the price is marking us, I personally divided into two groups, long-range and short-range in annual daily bar charts as the example. The task is "simple" but not easy. (takes practice). In the short range of only left the last quarter.

When in doubt or simply believe that a certain price is a support or resistance level mark on the chart and then the time and price show you if that level was really important for the market. The correctly identify these levels will provide more than 60% of the work.

As seen in the chart do not use Lagging indicators  that are behind the price action. Respect for traders who  can interpret other indicators and even many lagging indicators which combine with other techniques ... but not me.

We also have projection indicators such as support and resistance, pivots, trendlines and Fibo's. Many of these tools use daily.

The single biggest indicator we use is the price.

An analyst price action is a technical analyst, uses price as its main indicator, studies the structure of charts and price action, this makes only believe what you see and not what you imagine or would like happened. The technical analyst  no seeks  entries, no trade, just looking for quality information and filtered noise excluding graphs.

This way of ordering the head and work has some advantages: it reduces the perception of randomness, minimizes the contradiction between indicators, regardless of the trading platform, and enable immediate adaptation to changing market conditions, which happens frequently .

Summarizing the technical analyst will configure in our brain, or "our new employee" will prioritize and deliver tasks before informing the trader:

• identify trends
• identify levels
• Identify patterns (Breakout - pullbacks)
• Quality information

Remember you only need look information when making this analysis, no seek operations.

In the next post will develop many technical concepts and words I have used.

Right Side

I mean the right side of your monitor.... there where the graphics are generated, the place where everything often becomes in doubt.

I see hundreds of graphic analysis, but not one on the "right side" all the graphics are very nice to finish the session, all analysts demonstrate his great theories and trading systems, and all lines that match to perfection with theories.

But neither does his analysis of the right side, none acknowledge that your system or magic formula has the same problems as any trader when analyzing that side.

Hundreds of indicators, lines and FIBO's match to perfection in the post-session analysis, hundreds of graphics and videos begin to be published online every day with the analysis of each analyst to the end session. In all demonstrated how perfect are their systems, all winners systems. Occasionally  any one post  losing trade, and we all believe...... it is human after all ....

After many years in the markets, as individual professional trader, I can tell you that there are people with common sense and a great approach to trading, and are the first to recognize that they have lost and often lost, but his balance is positive to end of the month and end of each year.

Their system is based on many factors (develop this concept later) but the most important is that they know they will lose and the most important thing is to minimize these losses.
It is the cornerstone of any trading system, recognizing that there are lost and to quantify.


Unfortunately abound "illusionists market experts" who try to give you free advice, signals and settings for your trading. And then over the years you will realize that nothing is free.
You paid advice, courses and intraday signals, you've wasted your time and most importate, "your capital."


This post is not meant to attack anyone in particular, just encourage you to try making your own system and way of working, which take into account important factors when designing a trading system.

I repeat that I know and there are many traders who are winners, my biggest advice is to stay near of these traders, you can learn the most important of them.

...Sorry if you were expecting thousands of graphics or past graphical analysis , my interest is that you can make an analysis of the "right side" of your monitor and this will serve to obtain a positive balance in your account at the end of each month...

Particularly after a long time I could make my own trading system, that would allow me to live and devote full time to this activity. And I must share with you my minimalist trend when designing an effective system trading, so my trading is based on price action.

Only left in each post my invitation to join a community of independent traders we can share knowledge and experience, we can do some trading sessions together. That is why I decided to open a trading webinar as a meeting, if you are interested leave your comment or send me an twett.

If you have any questions or topic you'd like to develop just let me know.

Thank´s 

Emotional Intelligence

"Anyone can become angry, that's very simple. But to be angry with the right person, to the exact degree, at the right time, with the right purpose and in the right way, it certainly is not easy"
Aristoteles....

Despite the abundance of bad news over the last decade has seen an explosion of unprecedented scientific research on emosion. This contribution of neurobiological data allows us to understand more clearly than ever how the brain's emotional centers encourage us to anger or tears, how their regions more archaic drag us into war or love.

The purpose of this post is to understand the meaning and how we equip ourselves with emotional intelligence, a comprencion that in itself, can be of great help, because the fact of being aware of the domain of feelings can have a like effect that causes an observer in the world of quantum physics, transform the object of observation.


In the world of trading has always spoken of psycho trading, and its importance, I am in concordance with that, but emotional intelligence is the explanation and application of the scientific study of the brain.

1) How emotions serve us?
2) Impulses for action.
3) Emotional hijacking.

and more concepts will help you make better trading.

There is much material available about emotional intelligence and then read several books about it I believe that is one of the most potent weapons with which a trader should know.

If this topic interests you just write me and I'll tell the bibliography.

Free Webinar

On Tuesday Dicember 4 (8:30 up to 10:30 CTM)  will be open free webinar, live trading and explain basic concepts. Enter the virtual classroom section and click the link, it does not matter if you are a beginner or a professional.

Updates on our section of the price action, I recommend to enter in the virtual classroom to understand better these and other concepts.

Join our community on Twitter, will soon begin to inform about new features, graphics and webinars.
Join and participate!!!