Trader Blog

Small Pivot Point Range Trading: 3/3 ITM

Jul. 31, 2014

July 28, 2014 The benefits of having a tightly constricted set of pivot points is that the market may provide several areas of congestion. When they are close together, it may take only a few five-minute candlesticks before the next one is met. It really can make for an exciting and active trading session, as […]

Random Advice From One Trader to Another

Jul. 30, 2014

The following is an email I sent to an aspiring traders based on some questions he had asked me. So with that in mind here are some random pieces of advice from one trader to another. These points are based on how I day trade, and I typically day trade on very short time frames […]

Trading Around News Time

Jul. 27, 2014

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 […]

Ten Essential Truths on How to Trade Well

Jul. 26, 2014

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 […]

Applying Multiple Time Frame Analysis

Jul. 25, 2014

Multiple Time Frame Analysis, or MTA from here, is a well recognized form of technical analysis and one used by nearly every trader, even if they don’t realize it. I speak and write of it often, as does Cory, another of BONETS pro traders. While not a requirement for success, it is a strategy that […]

How to Avoid “Choking” While Trading

Not physically choking, but rather how do you avoid messing things up when the stakes are high, as they can be with trading? Research at Caltech found that our brains are wired to experience a decrease in performance as incentives rise. This is contrary to what most of us would intuitively think — “Pay me more and […]

Using Golf Swing Thoughts to Improve Trading

Jul. 24, 2014

When I first started golfing about 20 years ago I had to make a lot of improvements if I wanted to become good. I read loads of books and then would go to the driving range. At first I became even worse as I tried to think about the hundreds of things I was supposed […]

Trading Psychology, Discipline, and the Importance of Overall Balance

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.” […]

How to Effectively Trade Against a Trend

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 […]