It is by no feat of chance or trickery that a small nation on the Tiber five hundred years before the birth of Christ, grew into a global empire. we speak of Rome and it's ambitions matched by it's political ambition, engineering ingenuity and courageous discipline in the face of many foe.
Since the 5th century B.C. the Roman Army was known to have carried out a ruthless process known as 'decimation' to instill discipline amongst the ranks in the face of failure
Please read here at Wikipedia -
http://en.wikipedia.org/wiki/Decimation_%28Roman_army%29
For those of you familiar with the recent
television series - Spartacus - War of
Please read here -
http://en.wikipedia.org/wiki/Marcus_Licinius_Crassus
His lieutenant Mummius, bringing up the rear, had ignored his consul's orders not to attack the 70,000 strong slave army with his 2 legions, and consequently was routed. In fury Crassus ordered the decimation - execution of 1 in 10 men - irrespective of nature of birth, or friendship, or experience. some 500 soldiers in all from a force of 5000 men in 2 legions were thus harshly executed in full view of the entire Roman army. Thus Crassus restored discipline amongst his ranks to overcome this humiliating military setback and defeat the rebel Spartacus.
History has many pertinent morals. Events of the past, the stories of man, shape our minds and determine the present. As the scientific historian J. Bronowski once wrote in his book - the Ascent of Man - man is the architect of his environment.
For those of us who dare to face the financial markets and make a career from it, the morals of this historical narrative can never be lost upon us. Daily we are surrounded by opportunity and the perplexity of selecting choices. We live by our decisions and in choosing our directions we require the cold hard discipline of steel to effect our regimental trading manoeuvres. We sow our own seeds of success or destruction. Through rote learning we accumulate a disciplinary methodology. We repeat and repeat and repeat.
Please go back to http://forexeducationperspective.blogspot.com/2014/12/article-markets-and-battlefields-2.html and follow the series again and again until the lessons of candlestick lessons become ingrained in the mind with discipline.
Only through repetition comes success. You hit the wall and keep on hitting, eventually the wall comes down in your mind. You overcome fears and losses through your own process of mental decimation.
In military history smaller organized forces often obtain victories through speed of thought, decision and clarity of understanding. For us who choose to be traders the lessons of history are there to be followed. The currency markets maybe dominated by giants, but with the discipline of steel a small trader can cut himself a field of successes through discipline. with an adoption of rules and discipline the currency trader can select his forays with equal decisiveness as a market Titan. We repeat and learn through our painful memories. We overcome our fears of time, we do not rush, we observe the enemy and we select our terrain. Always we observe and resist the kind of impulse that Mummius took upon himself to attack the slave army of Spartacus. We enter the field with cold calculating determination of entry number and target number and in the face of adversity we retreat as a unit with cohesive order to live to fight another day.
Further recommended readings -
http://forexeducationperspective.blogspot.com/2014/12/article-markets-and-battlefields-2.html
and
http://forexeducationperspective.blogspot.com/2015/01/article-markets-and-battlefields-2b.html
and
http://forexeducationperspective.blogspot.com/2015/01/article-markets-and-battlefields-2c.html
Pieter Bergli - DeLoren Trust Holdings
Currency Market Education
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer - http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers.
