The GBP has been playing games with my trading setups this week. A short play that triggered in, stopped out and then dropped hard to my target. A long play that had the entry price missed by a mere handful of pips. When price came back again to the area, again, price hovered above my [...] Read more »
To chase or not to chase
That is the question. Well, not really. It is a no brainer to know that chasing price is a sure way to increase your risk, decrease your profit potential and, in time, probably blow your account. It can be tough to not pull the trigger when your initial price point was missed. Below, is an [...] Read more »
News releases can move the markets
It has been awhile since I added some content to my blog. Nothing has changed except that it is summer and there is only so much time in the day. I have put together a few videos over the last week covering some of the important news releases. Interesting enough, not many traders pay attention [...] Read more »
Bad habits will weigh you down
On a recent flight from New York, I needed some reading material to pass the time. I picked up a book about Warren Buffett. A quote stuck out from a few pages: “The chains of habit are too light to be felt until they are too heavy to be broken” Warren Buffett is a smart [...] Read more »
Are you looking here?
This short video is going to highlight one of the more important actions a trader can take before taking a trade. This is important not only for your entry, but stops and targets as well. It is only four words and is covered in this video. Read more »
Not all trading strategies are good
Talk about some wild market moves. The Aussie letting us short. 400 pip moves in the Euro. Sometimes it boggles my mind the amount of pips available to the astute trader! I find it incredible that many people still don’t take this seriously. Jumping from strategy to strategy. Blowing out accounts. To be fair, in [...] Read more »
Sometimes you get it wrong
I always say, well not always, that to admit your mistakes cuts down on you making them again. That is the purpose of this post and video. No matter how long you have been trading, there will be times that you do something and only later realize you had a brain cramp. Believe me, it [...] Read more »
Did you get sharkbit?
There is nothing more interesting than sitting back and watching the big players manipulate the average trader. How? They take advantage of how the average trader works: big red candles…they sell. Opposite for big green candles. I put together this PDF walking through what happened today around 9:30 a.m est. It was played out with [...] Read more »
How would you feel
I am writing this on thursday night at 8:50 p.m. est. By now, you have all seen the absolute carnage in the markets today courtesy of the JPY. In a previous post, I had written about missing a trade. I spoke about how there is always another train. If you have read it, I hope [...] Read more »
Daytrade and swingtrade success
Today was a pretty quick day trading day as my top pair to trade with the SST, the EU found some serious weakness off the highs and set up a nice short trade for a pain free 21 pips. SCREEN CAPTURE The all forex edition of the SST is now on the market. No need [...] Read more »