If you’re a day trader (or swing trader or even investor) you’ve probably asked yourself, or someone else, a similar question– “How often should I trade?” Trading too much can erase your edge in the market place, and highlight other problems such as lack of discipline or poorly defined trading strategies. Trading too little means […]
Today was an interesting trading day with many ebbs and flows in the market that made things interesting. Summer trading tends to always be lower in terms of volatility, but it did feel more like a day during the fall or spring where there’s a lot more up-and-down. And this, of course, was just the […]
As has been customary this summer, more support and resistance trading mainly through the primary use of pivot points as my guiding influence was the basis behind today’s trading. The pair made a steady decline back down toward the daily pivot level of 1.36324 around the beginnning of the 3AM (EST) hour. It came agonizingly […]
I found a solid trade set-up on the support 1 level of 1.36153. As I stated in my post on the GBP/JPY trading from yesterday, my favorite type of trades are those that go with the general trend at retracements back to recent support and resistance levels. By “trend” in the case of short-term binaries, […]
Best and Worst Ways to Learn to Trade New traders take all sorts of different approaches to learn to trade. Here’s a look at some of the common methods, with thoughts on each to help you make the most of them. Trading Books: I personally love trading books (see 4 Great Trading Books You Should […]
Historical charts, or just charts, are the means by which we do what we do. Trade. Charts of historical price action are incredibly valuable and there is no question of there importance to technical analysis. However, there is widespread debate over the importance of using historical data to back test and its reliability on future […]
Tuesday offered a very trade-able market, with a decent amount of volatility and trades setting up well right on expected points of resistance. The first trade came at the resistance 1 level of 174.524. A touch of 174.524 had become pretty readily foreseeable for the past fifteen minutes with the market moving up on the […]
If you are looking for an article about trading techniques or tactics this is not it. This is an article unveiling many of the truths, or half truths, surrounding the binary options industry. Am I talking about scams, affiliate marketers, tipsters or gurus? No, I am talking about the industry itself, where it came from, […]
Knowing these four things about every trade you take will not only help you avoid making foolish mistakes, but can also help you read the market better. These concepts are derived (but added to) from The Complete Turtle Trader, a book that is entertaining, has some great lessons, and is worth the read. 1. What […]
I’m still doing early morning trading and probably will for the remainder of the summer. Today I traded the GBP/JPY, which is usually my back-up option to the EUR/USD. But I had the chart of this pair open and saw price lingering around an area where a set-up could possibly take place, so I rolled […]