You’re trying to juggling watching multiple charts and you find you are missing trades because there is too much going on. Or maybe you are watching several assets but only want to buy the strongest or sell the weakest. In either case, to make life easier, you can watch multiple assets on one chart using […]
You have probably heard it from someone–possibly even me in prior articles–and wanted to punch them in the face for not explaining what they meant. It seems like logical advice: “Keep your trading simple.” But what does it mean? Should I only use one indicator? Should I use no indictors? Should I only buy on […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. The most recent Mondays haven’t been overly kind regarding my personal trading results. In fact, I know that over the previous […]
The MACD has a lot of uses, and one of them is divergence…one of the most misunderstood technical signals there is. It is very common to read articles or analysis discussing divergence as a reversal signal, but tucked somewhere in the text is usually a disclaimer something to the effect of “But divergence can last […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. I’ve broached this topic in the past during the course of my other posts, but only briefly and felt it would […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. I did not take a trade last Friday while watching the EUR/USD given that nothing set up to my liking. But […]
In his book S.C.O.R.E. for Life, Jim Fannin outlines 5 keys for achieving what you want. The focus of the book isn’t on trading, but the principles still apply. S.C.O.R.E stands for self-discipline, concentration, optimism, relaxation and enjoyment. Here’s my own adaptation of how these principles can be applied to making yourself a better trader. […]
The key word here is “deliberately.” Many people just try to passively learn to trade, reading a few books and then jumping in to make some trades…hoping it works out. To deliberately improve means taking precise steps to foster self-awareness so issues can be spotted and addressed. 1. Get Help When Needed I try to […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. The market has been surprisingly amenable to a decent amount of trade set-ups recently. Normally, during the lower-volatility period of the […]
Support and resistance are one of the most basic forms of technical analysis. Like many other tools of the trade, being basic does not make it simple. Identifying and using support and resistance, S/R, successfully as part of your daily trading routine takes time and practice. I am here today to help you gain an […]