I was thinking how we can improve our performance if we trade together.
I think I have argument about why we must share our expectations.
We are representatives of different nations: US, UK, Japan and so on. we have different psychology and habits. Each of us trades based on their own expectation about market and sometimes our expectations are identical. What I mean is that if our expectations are identical we can consider that most of traders in the world think so. Choosing is the well-known method of statistical investigation. Consider that we are representatives of groups of traders and one trader from one group represents whole group.
Now think about what moves currency market. Market moves is caused only by traders' decisions. Nothing can move currency market except traders' orders.
So as traders make their decisions based on their beliefs we can find out this decisions easily.
Let's just try. lets all members of FF write somewhere their expectations and market entry points (stop orders). And if this expectations are identical we have great picture of the market.
comments please!
thanks
I think I have argument about why we must share our expectations.
We are representatives of different nations: US, UK, Japan and so on. we have different psychology and habits. Each of us trades based on their own expectation about market and sometimes our expectations are identical. What I mean is that if our expectations are identical we can consider that most of traders in the world think so. Choosing is the well-known method of statistical investigation. Consider that we are representatives of groups of traders and one trader from one group represents whole group.
Now think about what moves currency market. Market moves is caused only by traders' decisions. Nothing can move currency market except traders' orders.
So as traders make their decisions based on their beliefs we can find out this decisions easily.
Let's just try. lets all members of FF write somewhere their expectations and market entry points (stop orders). And if this expectations are identical we have great picture of the market.
comments please!
thanks
kiss the trend