Sentences with phrase «discretionary trading skill»

A computer program will simply see a «pin bar» or some other definable signal, but what it can not do is decide effectively whether or not that pin bar SHOULD be traded according to the discretionary trading skill that the human mind can achieve.

This is the discretionary trading skill that is largely responsible for separating the winners from the losers.

I talk about gut feel and discretionary trading skill and it's really an important thing to develop as a trader.

Discretionary Trading: Discretionary Forex trading depends on a trader's «gut» trading feel or discretionary trading skill to analyze and trade the markets.

I talk about gut feel and discretionary trading skill and it's really an important thing to develop as a trader.

Learning to trade in this manner takes a lot of time and effort up front, but as you proceed and learn, you will refine your discretionary trading skills and eventually you will become a confident price action trader.

There is something to be said for developing your discretionary trading skills, as having a sharpened sense for spotting well defined trade setups at the right place and time is definitely a necessary ingredient to successful trading.

Not exact matches

Knowing when to try and let a trade run and when to take the more certain 1 to 1, 2 to 1 or 3 to 1 reward is really where your discretionary price action trading skill comes into play.

However, it is possible to make consistent money even if your discretionary trade setup identification skills are not fully matured yet.