Cory Mitchell
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The “Action-Reaction” Model: Another Trading Mistake
One of the first things many traders learn when they begin studying technical analysis is that the market moves before the economy. So why is it then, even…
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Trend Extrapolation–A Common Novice Trader Error
Trend extrapolation is when you assume a current trend will persist, and thus make predictions out into the future based on the current trend. Now sometimes this can…
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The Secret to Trading: “I am not unique”
“What! But growing up I was told we are all unique!” We all have different personalities, skills and tendencies, but when it comes to trading we aren’t unique.…
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Prominent Stock Market Cycles
The cycles discussed here are longer-term cycles, and not pressingly relevant to short-term traders. Yet, by seeing these cycles and understanding how cycles work, you may be able…
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Big Moves – April 23 Forex Trades
April 23 started with big moves in the AUD Forex pairs, following CPI numbers. The action continued following GBP Bank of England Minutes several hours later. AUD/USD Trades…
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Dealing with Distractions While Trading
When trading you are bound to face distractions. Learning to effectively deal with these distractions can mean the difference between a profitable day and a disastrous one. Here…
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The Valley Floor Trading Approach
For lack of a better word, I call it the “valley floor.” During a trend the price will often pull back to this area. Not always, but whether…
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Are You Addicted to New Highs and New Lows?
Maybe because it is discussed in most basic trading books, and is a often referred to as a “break to new highs (or lows),” that trading a new…
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Things you Need to Know About Forex Charts
Whether you trade options, binary options, or forex, if you use forex charts, you may notice a couple strange things at first. Here we will look at some…
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How Many Assets to Watch/Trade?
Had dinner last night with a few other traders, and one topic that came up was how many stocks/forex pairs/etc each trader watches. We all concluded that typically…
