Only one trade fulfilled my trade requirements during the late London and early US session, yet the trade is worth discussing since it encompasses many of the concepts I have discussed in other articles. For about an hour before the US session began the EURUSD was moving predominantly sideways. Not price action I am interested […]
So while all the strategy posts, and articles on money management, trading psychology, brokers, trading software options, indicators, and so forth might provide the foundation to getting yourself personally set up in the trading business, the main question that everybody should be applying to themselves is, can I actually trade binary options for a living? […]
I wasn’t able to trade the final two days of last week (which probably wasn’t a bad thing because the market didn’t look very amenable to solid trade set-ups anyway). But I did want to share a couple things I saw just from looking at the five-minute chart of the USD/CHF, the asset I typically […]
One of the greatest problems most traders face can be summarized as “Not following their trading plan or strategy.” As humans beings we have several tendencies which cause this. One of the main culprits is that once we have a plan that works (or at least was shown to work in the past), we try […]
When I first began trading, I had a really lousy trading strategy that I picked up from somewhere on the Internet. It involved using three indicators – MACD, stochastic oscillator, and simple momentum indicator – to make trades. When all three indicators would match up in the downward direction at the top of the chart, […]
Reminiscences of a Stock Operator, one of the most popular trading books of all time, is based on the life of Jesse Livermore who was born in 1877. He made $100 million in the great crash of 1929, which depending on the gauge you use, is about $1.5 to $2.3 billion in today’s dollars. Jesse […]
The opening range breakout has long been a daily event many stock traders monitor. It is a way to let volatility subside a bit by waiting on the sidelines when the market opens (or trading another strategy), and then taking advantage of the trend that follows. The Right Stocks Before getting into what the opening […]
Binary Options Trading for January 16, 2014 As I’ve mentioned to some extent in recent posts, one of the best things you can do to help your trading is to focus on a specific asset. Choose a specific asset, a particular charting timeframe, a time during the day to trade it, and a certain trade […]
I love it when fellow traders and aspiring traders ask me questions. It’s always nice to receive feedback on my blog material and to hear what others are most curious about or need clarification on with regard to trading. I’ve received a decent amount of private messages here on the website lately, so thank you […]
In this post I’d like to talk about some forex trades I made on the GBP/JPY in 2013 for those of you interested in further examples of how I approach spot forex trading. The GBP/JPY is well known as a volatile pair. There is a lot of movement of all timeframes, which I experienced when […]