Sequences and signals in the moment

In “Moonwalking with Einstein: The Art and Science of Remembering everything”, Joshua Foer considers that chess masters don’t plan ahead as far as we think they do.

Actually, Foer shows how such players don’t plan their moves ahead of time more than the next couple. However, he does show that through a great deal of practise chess masters rely on recognising, in the moment, many sequences of moves.

Clearly the more skilled an opponent then the more subtle, seemingly random or non standard a response of effective play can be expected.

In the same way as a chess master will remain open and reactive, so must a short-term trader, and particularly in the markets of heavily traded currency pairings.

The expert trader does not fall in love with a preconceived trade. It’s simply a trade that is happening in the moment and one that the trader will reverse their decision on in a heartbeat if a sequence or signal gives predetermined reason for change.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s