How long have you been trading? If you have been trading any more than a few months, chances are you have gone through many cycles of trading systems, timeframes, and strategies. You have probably tried multitudes of different indicators, stop-loss strategies, entry signals, and alert services, and more than likely
So here is how I see it, you go to the effort of backtesting a system, working out an entry and exit strategy, fine tune your stop loss levels and are ready to go. You watch the markets, the news, the stars and numerology until you find the exact point
News, most people watch it, many want to be in it, but how many trades it? I am writing this a day after some poor housing data in the US saw the USD get kicked, mashed, belly-flopped, Chinese burned (the most painful) and jumped on to the tune of 200
The foreign exchange market, in which investors buy and sell currencies around the globe, is the world's largest financial market.
To be wealthy is to have enough money to live the way you wish to, while having enough to branch out and achieve your life goals.
If you are going to use indicators, then you had better known when they are telling you the truth and when they are not, as well as how or when to use them. It is only fair that I elaborate on this subject. I do so for those of you
I am writing in a somewhat frustrated mood at the moment, so I will apologize in advance, but here is what is getting under my skin … what I now refer to as the humbug trader. For those that celebrate Christmas, they will be familiar with the story of the Christmas
Time to chat about a topic of the human brain vs the computer in trading. Unfortunately, as I am yet to find mine, I have had to go elsewhere for answers, but let’s not let that stop us The latest quest to build a custom indicator and a trading
When beginner traders start looking for that magic "make me a bucket load of cash" trading system, quite often the last thing thought about is their exit strategy. Usually the first and most important thing on a traders mind is when to enter a market, forgetting that you actually make
It's been a while, I was kept away from the markets for a while, then after that deliberately hid away. Trading can be a taxing endeavor (in both senses of the word), the market is a real moody beast, and any guy that is married will know, pay attention to
Four Indicators: * CCI (5) Line at +100, 0, and -100 * Forecast Oscillator: Rperiod (15) t3_period (3) and b(0.7) Line at 0 * Relative Vigor Index (1) Line at 0 * ADX (14) Line at 20 (“Pivot” custom indicators / BT1 / BT2Sig / BT2Stop / Volume /) Directional Indicators: * 5MA (Linear Weighted/Close) * 20MA
... I can't tell you what to trade as much as the next person, essentially you need to make that decision yourself ... Time for another theory article while the markets are quiet, this time on the first question asked by every new trader I see in the chat rooms, "Can someone
Humans really are amazing creatures, it amazes me every time I look at my little son Lachlan and see how much he can learn in a single day. There is so much information to take in each and every minute, yet somehow our brains can process it and turn it
Hi all, I am very appreciative of all the comments about this blog (even the negative ones ;)), but I thought I would give you an idea on why I trade rather than how I trade, and perhaps it will get you all thinking along the same lines as well. I