As you may know, I really like Fibonacci Retracements. They are a fantastic tool for technical analysis with many uses and applications. Basically, FR’s are target areas for support and resistance based on ancient mathematical relationships found in nature. At heart is the Golden Ratio, which can be found between all living things such as […]
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 […]
It’s a very common question; let’s break it down so you can see exactly how much you will need to start day trading binary options to forex. It’s recommended that until you have the minimum balance required, don’t start trading. If you don’t have enough capital to start with, it will force you to take […]
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 […]
A trading log is where you keep a record of your trades. As a day trader logging every trade during the day is almost impossible…at least for me, because I am fairly active in multiple markets. Yet it is still important to keep a record of trades…and not just the trade record your broker should […]