April 23 started with big moves in the AUD forex pairs, following CPI numbers. The action continued following GBP Bank of England Minutes several hours later. AUDUSD Trades If you were quick you could have gotten in on the short right after the news announcement (4:30 on chart below). Typically I don’t trade right at […]
I began today’s project by searching for a real binary options strategy that I could give my seal of approval to. After searching and searching I was rewarded with nothing more than what I usually find. A lot of BS. There are a lot of bogus web sites out there with claims of winning strategies, […]
For lack of a better word, I call it the “valley floor.” During a trend the price will often pull back to this area. Not always, but whether it does or doesn’t provides some valuable insight. The main reason I look for it, is that if the price is trending well, then this valley floor […]
Maybe because it is discussed in most basic trading books, and is a often referred to as a “break to new highs (or lows),” that trading a new high or new low seems so appealing. Most traders are taught by basic strategies or free guides to trade an uptrend by buying (shorting) when the price […]
Had dinner last night with a few other traders, and one topic that came up was how many stocks/forex pairs/etc each trader watches. We all concluded that typically day trading 3 to 5 provided a good assortment of opportunities, but more than that and it could actually be detrimental. That was just our number, yours […]
In former articles I have talked a lot about utilizing multiple time frames to make trading decisions, as well as discussing strategies for making trades. These can seem like independent topics though, and sometimes traders aren’t sure how to combine looking at multiple time frames, and then deciding when to pull the trigger on a […]
A recent discussion with fellow traders brought up the query “Can we be taught to trade?” There were wide ranging views, opinions, studies and personal stories brought up, and needless to say it was a very engaging, and at times heated, debate. Not many traders think about this question when they start trading. Most of […]
Today it seems like our lives are ruled by “quantity”. How much money we make, how many toys we own, how many 10-second texts we get/send, throw-away electronics and cheap processed food. Quantity has become very important, and quality has been left in the dust in many ways. The ironic thing is that to get […]
Directional Trading With Ichi Moku Ichi Moku, or Ichi Moku Hiyo Kinko, is an indicator created by a journalist in the 1960’s to help simplify market analysis. At first glance the Ichi Moku clouds are quite intimidating and hard to understand. The good thing is that it is actually a very simple indicator to use […]
Markets never stay the same for long. Your trading may be going very well for a time, and then all of a sudden more losing trades start popping up. You haven’t changed anything, so why will your strategy all of a sudden stop working? While it isn’t always the case, a lot of times it […]