July 28, 2014 When I post articles discussing a day’s trading results, I have no issue going through and explaining losing trades. One reader actually expressed gratitude that I also discuss the trades that I lose. At first I thought it was a bit strange, given losing trades is simply part of the game and […]
July 26, 2014 Trading when the news is released as a binary options trader can be risky. In forex trading, managing risk is relatively simple in that you can adjust your stop-loss to a given pip value and if you’re wrong and your stop is hit then you’re out just a little bit. If you […]
July 25, 2014 This week, I haven’t had quite as much time to trade, although I provide up a write-up on Friday’s trading following this post. Consequently, I figured I would take a step back from the technical analysis articles and instead cover some topics and discussional tidbits that I often do not address directly […]
July 24, 2014 Oftentimes, the biggest hurdle any trader has in becoming successful at the pursuit is overcoming himself. The ability to manage one’s own mentality is instrumental in determining whether one can become successful over the long-run. You may have heard the assertion that trading is “1/3 strategy, 1/3 money management, and 1/3 psychology.” […]
July 23, 2014 The EUR/USD was stuck in a rut during Wednesday’s trading and nothing looked even remotely close to providing a solid trading opportunity. So I hopped over to my back-up pair, the GBP/JPY, which did have some interesting action going on. And just as a side note before jumping into the heart of […]
The most recent Mondays haven’t been overly kind regarding my personal trading results. In fact, I know that over the previous two Mondays I have gone 0-for-5 ITM on my trading results. :( But today, I was able to start out the week well. The first trade came at resistance 1 – 1.35427. In the […]
I’ve broached this topic in the past during the course of my other posts, but only briefly and felt it would be wise to dedicate an entire space to it. As always, I recommend that any individual trade at a time convenient for them and also one in which their mental energies are high, as […]
I did not take a trade last Friday while watching the EUR/USD given that nothing set up to my liking. But it was one of those days that could have turned out a lot worse if I was impatient and forced matters by taking trades that weren’t actually there. So I felt compelled to write […]
The market has been surprisingly amenable to a decent amount of trade set-ups recently. Normally, during the lower-volatility period of the mid-summer the market is at its most lackadaisical point. But for anyone looking for quality trade set-ups you definitely can’t complain about price movements backed by legitimate volatility. Needless to say, one needs a […]
Immediately when I began looking at the market, the resistance 1 level of 1.36073 stuck out as the first price level to consider trading. The market seemed to be venturing toward it so I set my alarm a few pips above it and it triggered about ten minutes later. The first touch occurred on the […]