The book also includes "tips on how to recognize and control costly emotional decisions." This focus on psychology is what separates his work from purely mechanical systems. No indicator or strategy can succeed without the discipline to follow its rules and the emotional control to accept losses as part of the process.
I can provide a tailored chart configuration or checklist based on your specific software and style. The book also includes "tips on how to
Entering on a lower timeframe minimizes the distance to your stop-loss, vastly improving your risk reward ratio. Entering on a lower timeframe minimizes the distance
While the PDF is technical in nature, Shannon frequently touches on the psychology of trading. Using multiple time frames requires . The amateur trader sees a spike on a 1-minute chart and fears missing out. The Shannon-discipline requires waiting for three time frames to align. The amateur trader sees a spike on a