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Profits from Your CalendarMost traders have heard of seasonal patterns, something which is mostly associated with commodities. The foreign exchange market also has calendar patterns which influence trading, and just like in commodities, traders can take advantage of them to improve their odds for success and profits.

People are attracted to the markets to make money. They have high expectations about making this money using skills and techniques mostly learned from the experiences gained from other endeavours. Part of the attraction of investing in the stock market is also the apparent liberty to do whatever they like while the market is open. This feeling of freedom coupled with their high expectations will last for as long as their account is not in drawdown. This may take a single trade or many trades, however, drawdown is inevitable.

From time to time I get some very interesting confessions. Here is a very recent one, along with a solution. Hey Joe! I had been looking at a profitable trade setup all day. I studied indicator after indicator looking for confirmation, even though I know many are correlated and redundant. But I just kept on searching. I thought, 'Maybe I missed something.' My account is now so small that I just wanted to be sure that this was the right trade. My thought was that I must take into consideration anything and everything that could cause this trade to fail. I can't afford to lose any more money. What should I do?

What are Seven Key Areas that You Need to Work on to Become More Self-Aware? In my work with traders and investors I believe the most significant work that anyone can do to increase market returns is self work. Really understanding yourself and how you think can give you an edge that others in the market don't have.As part of my Super Trader Program, I give a long questionnaire to each trader to do an evaluation of themselves. Some of the feedback that I get is that taking the test is like doing a Ph.D. program! It's that involved.I consider the ten questions that I give my Super Traders to be the essence of this self-evaluation process— a minimum starting point for this type of work.

Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. As demand increases, prices advance and as supply increases, prices decline. When supply and demand are equal, prices move sideways as bulls and bears slug it out for control.

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