Do You Have the Willpower to Trade Successfully?
I am going to start this article with a question which could signify a major portion of your current level of success or failure in trading. The question is; Do you believe willpower (and specifically – your willpower) is a limited resource, and if so, what do you think it limits you to learn, achieve and accomplish? A follow up question to this is: If you work on a difficult task, say...
Read MorePrice Action Forex Trading – Climax & Exhaustion Reversal Bars
In one of my most recent webinars on price action forex trading, I talked about a key method for detecting when a trend is over-extended, which is to look for a climax or exhaustion reversal bar. I had mentioned how from an order flow perspective why these exhaustion and climax bars tend to represent a high probability reversal coming based on the various participants and how they tend to trade...
Read More5 Mantras For The Developing Forex Trader
Lately I have been spending a lot of time crunching data on some of the forex price action algorithms my programmer and I created, that the data can at times become overwhelming to digest. In times like these, in needing a break, I often enjoy reading something completely unrelated to forex so I can engage other aspects of my brain. Recently, the subject and person which has consumed my...
Read MorePrice Action Forex Trading – Engulfing Bar Reversals
One of the more popular price action forex reversal patterns people trade today is the engulfing bar reversal pattern which is one of many two bar reversal patterns or AB reversal patterns (AB as in it has an A bar and B bar as part of the pattern) available. Although this is a commonly traded pattern, many traders fail to find the best entry or are able to gauge a proper target using any sort...
Read MoreThe Mindset of A Successful Forex Trader
I was talking with one of my price action forex students today who in some sense, has a very typical story – they tried everything, from forex robots, signal services, listening to expert trade advice, reading all kinds of books, etc. but no matter what they did, they still were consistently losing. They are definitely dedicated and sincerely want to learn to trade the forex market...
Read More7 Signs You Know Your Maturing As A Trader
Often times, we measure our success as a trader by our account value, whether it has grown, perhaps doubled in size, or whether we have lost and are under water. Unfortunately, this is really a myopic way of measuring our success in trading. If this was the true benchmark, then for my first 6 mos of trading, I must have been a rock star turning 3k into 83k. How did I do it?...
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