There is always a small part of being a good trader that can't be quantified, explained with numbers or even taught. It's that point in trading where the technical and fundamental analysis is taken into account and then the "intuition" of a trader comes into play. In many
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interviews I've done with solid, successful traders, my interviewees come to a point where they realize that they "just know it when they see it." In other words, they take all the charts and news and information they have and place their "gut" on top of it all before making a decision to buy or sell. In this interview, trader Jim Gobetz discusses how he developed his intuition using candlestick charing. We discuss the timeframes he watches, and why he changes his chart timeframe at 11:00 am Eastern to something different. We also talk about how he does "forensic analysis" on all his trades to determine why they were profitable or not profitable. We also both come to a conclusion about an action every trader should take after they take a significant loss. Finally, we discuss the specific way he watches volume and price to find great trading opportunities.
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