Many traders use discretion the wrong way. Trading is all about following certain rules, principles, and strategies. The majority of what we teach in Trading MasterClass is very mechanical and straight to the point (with minimal discretion), however, discretion can be applied in certain cases and this lesson will break it down.
In this lesson, Irek explains why the 1% rule is the most important risk management technique that we have within Trading MasterClass. Oftentimes traders will blow their entire accounts because they risk too much. Follow the 1% rule that Irek explains in this lesson, and only scale up to 2% risk ...
Learn about head & shoulder patterns (including inverted ones) and what they can signal in the market. Typically this pattern is a really good sign that a trend has reversed, because either a lower high or a higher low has developed.
Trade breakdown by Irek: ABO - NZDJPY (L) 25 APRIL 2019
