Setting Trading Goals for 2013
Now that 2012 is wrapping up for traders, I’m guessing many of you (like myself) are dying to get into the new year of trading. During this time, it is a fantastic opportunity to reflect upon what successes you had last year, but also what you need to work on. A common practice and tradition for people before the new year is to set goals or what some refer to as ‘resolutions‘....
Read MoreMy Top Trading Mistakes for 2012
The learning process never ends for a trader. The market is always evolving and you have to adapt. Algorithmic trading was about 3% of the FX market in 04′. Now 28% of it is just HFT’s alone! Think that has changed the intraday price action? Absolutely! Thus, you must always be learning, evolving and challenging yourself. There are always refinements and greater depths to...
Read MoreDeveloping a Successful Forex Trading Mindset Pt. 1
Today’s lesson is just to give you some brief tips on how to develop a successful forex trading mindset. Without a profitable and successful trading mindset, you will be swimming upstream against your emotions/fears, thoughts and unconscious habits which undermine your success. Perhaps you have noticed this already in your trading, almost as if you are being kept at arms length from...
Read MoreThe Ideal Trader
Over the last two weeks, I wrote on the subjects of ‘Quality vs Quantity – Which is Better For Trading?’ and ‘What is A High Quality Signal‘. The main theme has been around dispelling some freshman arguments and confusions others have written espousing the quality is better than quantity argument,and what really constitutes a high quality signal. One question that...
Read MoreForex Price Action – EURUSD Pin Bar Off Highs | Dec. 20th
EURUSD As the Euro ramp-a-thon has gained +400 pips in the last 11 days, the pair has shown consistent continuation patterns all the way up. Until now that is. After forming a strong rejection at 1.3300, the pair pulled back and then re-challenged the 1.3300 highs, forming a LH (Lower High) and pin bar on the 4hr charts. Intraday players can definitely look for corrective price action...
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