I trade stocks. My main methodology is based on simple supply and demand principles. Recently I opened a demo account to see if the forex market was anything like the stock market. I am so disgusted by what I see. It's like these...
I have recently been trying candlestick charts based on the number of ticks instead of time to trade forex. Its taken a bit of time to get use too, but it seems to offer more information about the movement of the price. where...
Hi traders, If you somehow knew that soon you would fall off of your roof and bang your head hard enough to give yourself amnesia, and you had the choice to remember only 3 things about trading, what would they be?
In this week's newsletter I ask our subscribers if they think it's appropriate to ask our interviewees how much money they make in the markets. I'm torn on the matter. If its someone selling a system they say they use...
I am currently working on a strategy and would really like some feedback. I am trading Forex using key support and resistance levels and entering on the mac/d histogram bars.EX: I wait until price hits support and the mac/d...
Tuesday, August 14, 2007 - Tokyo Update - 5:13 PM EST The Dow closed at 13,028 as we are rapidly approaching our 12,775 target set last week . Similarly we are below 160.50, and approaching 157.25 EURJPY target set last week....
Well, after 4 years of making lots of money over a two month time frame and then giving it all back in a couple of days, I have fully realyzed what I have done wrong. First off, there is NO perfect indicator. The...
I think the hardest thing for most people to develop in their trading career is being honest with themselves in what needs improvement in respects to their character. We all have character flaws and we’ve all...
Listed below are the points of control for trading on Friday June 1, 2007. If the market trades above these levels, then the bulls are in control and opportunities to buy weakness should be used, if the market is trading below...
My journey in trading has mirrored that of other disciplines I've engaged in throughout my life. When I was studying martial arts, my teacher shared with me a quote from Bruce Lee (I'm paraphrasing actually): "Before you take...
Blast From The Past If you're looking for support on the USD/CAD currency pair, then break out your platform shoes and polyester leisure suits, because the last time the Canadian Dollar reached this level vs. the U.S. Dollar,...
In my performance coaching work with traders, i frequently find the reason they fail to reach their potential is because they focus on the money rather than the trade. To be successful in trading, you need to reverse this thought...
