Dapo willis

Give enough Room for the Price to Breath
:
 
Patience is a virtue, and it took me many years of my trading 
journey before I could adhere to it. To be right 7 out of 10 
times in the market, you need a high probability setup.
A strategy helps you look out for trading opportunities, but 
patience exposes you to more opportunities. As a trader who 
wants to be right 7 out of 10 times, you must understand that 
the market is full of ups and downs, session by session, 
volatility, non-volatility, and more. 
With all these fluctuations in the market, it requires a high 
level of patience for the price to provide you with a high-
probability setup that keeps you consistently right. 
That's one reason traders with the best strategy still lose 
because they're not patient enough for the price to form the 
appropriate setup that aligns with their strategy. 

---

The Millionaire Trader's Handbook 
Page 45 
If you don't learn how to be patient enough and be well 
disciplined, then the market will teach you the hard way.
And once that happens, you'll keep paying your broker bills 
until you learn to be patient enough. 
So, with all these concepts and misconceptions, the best way 
to understand and get the most out of price action is by 
doing a top-down analysis. 
Top-down Analysis: 
I struggled to make money from the market during my early 
days of trading Forex. I was very young in 2011, but I was 
desperate to do what it took to become a successful financial 
trader.
As I mentioned earlier, I was fortunate enough to meet one 
of those analysts who worked for a firm in the UK that 
managed people's funds worth billions of dollars in A.U.M, 
which was a game-changer for me. 
He was such a busy person that valued every second of his 
time to do something tangible and productive, meaning 
squeezing out time to guide me through trading was a tough 
decision for him to make.
Luckily, I had all the information about Forex, but I needed 
someone to simplify things for me, so he found a way to put 
me through.
Fast forward, we had to book a paid session on weekends for 
his teachings on Skype. And the very first thing he said to me 
during my training session was “
Zoom-Out.
” 

---

The Millionaire Trader's Handbook 
Page 46 
Now, what does he actually mean by “
Zooming-Out
”? It 
simply means opening your charts and using the following 
keyboard shortcuts. 
Ctrl + Mouse wheel or the scroll button 
This is wrong!! 
It simply means looking at the market from a broader 
perspective or going on a higher timeframe to see the overall 
trend of the market. 
After years of practice and testing, I came up with the name 
“Top-down analysis” with modifications.