“Being aware of uncertainty and understanding the nature of probabilities does not equate with an ability to actually function effectively from a probabilistic perspective. Thinking in probabilities can be difficult to master, because our minds don’t naturally process information in this manner. Quite the contrary, our minds cause us to perceive what we know, and what we know is part of our past, whereas, in the market, every moment is new and unique, even though there may be similarities to something that occurred in the past.
“This means that unless we train our minds to perceive the uniqueness of each moment,
that uniqueness will automatically be filtered out of our perception.”
Mark Douglas, Trading in the Zone
FX Trading – Euro bounce? That is a big maybe! – HERE
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