The first clip confirms the “killer instinct”, “gut feeling” or “sixth sense” of trading.
Second clip is more general. I think the full interview would be interesting.
In the first clip he literally describe what I mean when I talk about killer instinct or sixth sense (not supporting him, he’s a real POS, but he still has experience with the markets) :
Jeffrey Epstein says the best traders act on intuition they don’t fully understand
"If you talk to really experienced and successful traders and you ask them how they know what’s going on, they can’t give you an answer. They don’t know.
They feel it. They can feel the way the market’s moving. They can feel the way the stock’s moving. And that these are not very well-defined terms.
Great traders feel it and then act on their feelings. That’s the difference.
Many people feel it but are afraid because they want a mathematical justification before they take that trade."
I just saw this posted by @SaintSovereign concerning the upcoming R.I.C.H releases, including RICH Trader and why they have slowed down the release and also updated the new listening protocols
Woo hoo. I’m literally a few months away from being ready to run the new RICH trader because I’m doing serious work on my core, but this is exciting news indeed.
Amen to that. I knew it had to be something really good that they decided to rewrite the script (it was mentioned before Christmas that it was finished and they needed to write the copy).
I am new to SubClub but also know that they’ve been working towards ZPU for a while. Add that with the new scripting technology and man, we will certainly be eating good with the new RICH Trader.
This is the second time in the last couple of weeks that @SaintSovereign has mentioned a stack with the upcoming RICH Trader, and this is the stack that I will most likely use when I start using RICH Trader in a few months.
One way to further filter subsequent operations is to use the 5 and 20-period moving averages.
So, observe the H1(daytrader, scalper), daily(swing) chart, then H1, m15, m5, and so you can enter M1, going down and visualizing the entry point. To maximize accuracy, you can enter only buy or only sell, when you are below or above the moving averages.
A very basic and powerful filter in the long term.
Yes, I usually only look at the M15 and M5 timeframes and then enter the M1 timeframe, leaving the charts open in MetaTrader 5.
I trade the XAUUSD and NASDAQ assets, which are well aligned in terms of volatility.
At the market opening or in NY there are always good entry points; depending on your strategy, you can filter even further to achieve success.
Do your research, regardless of what they say about moving averages, whether it’s the 50, 200, or 20/5. It’s just an idea they throw around, and we don’t know why they said that about the 50-period moving average, since it’s a complement, and we should create our own strategies and model them in our own way.