October 23, 2012 Support and resistance levels are essential to technical analysis as they reference areas on a chart where price has a tendency to consolidate and potentially reverse from its previous direction. You might also hear some traders refer to these as “demand zones” and “supply zones” for support and resistance, respectively. Conceptualizing it […]
22 October 2012 I headline this blogpost with “Too Easy” because it was an almost perfect day for my ALGOs. I had 8 wins with 8 trades 100%. I wish everyday could be like this. But markets don’t always flow as they should and that is ok. In the end you can only try to […]
Google was the poster boy for the extreme activity of the day and thankfully it helped make my day rock solid in the profit category. Google had earning released early by maybe a disgruntled employee or somebody that just did not set their watch correctly? Whatever the reason it sure threw the market into a […]
10/18/12 So in a post of mine the other day I spoke of some crazy witchcraft called “trend lines” and described how they are basically slanting support and resistance levels.. Well after thinking about that today I feel as though I may have missed a step, with having not gone over simple support and resistance […]
10/17/12 Hello again! I hope trading is going well for everyone and if not, I would like to think you are at least learning from your mistakes and getting better! Today I decided instead of just uploaded pictures of my wins I would uploaded a screenshot of an important but very underestimated tool for anyone’s […]
Today 10/17/2012 was a very good day for me, even with waking up late and seeing I had missed a few good signals. I examined the lines of the different commodities and seen they were all trading according to spec for what I look for. When I see a market behaving accordingly that is when […]
Hey everyone, tonight i made another 2/3 ITM. I decided to get rid of the Stochastic as i don’t really use it often and it doesn’t play a key role in my trading decisions. My ultimate goal is to simplify my charts so there’s no distractions. When i started looking at the charts, the market […]
Well hey everyone, so i traded once yesterday and twice today. overall i had 2/3 ITM. I’ve been reading Al Brooks books on price action,and it may take me a while to finish them, but they are very informative and i recommend them to everyone who wants to learn just about all you need to […]
One thing I have noticed in chatrooms online is that the average binary options trader has a hard time determining subjective and objective data. A simple way to overcome not knowing the “how when why how much” or any other variable in trading is to understand the MEAN and your own MEAN or else it […]
My name is Erik Von aka “Lotz of Botz”. My professional field of work in in Mech/Aeronautical Engineering. I happened into trading because of a commercial on tv from interactive brokers and thought “Wow that trading thing looks cool.” After examining pools of data from brokers, software and systems ect ect. I said “Ah no, […]