10/25/12 Hello everyone! So today I have included a shot of some of my days trades, and want to explain a betting strategy I am a fan of.. This is the “Martingale” method of trade size amounts. A martingale is any of a class of betting strategies that originated from and were popular in 18th […]
10/25/2012 Trading has very much SUCKED for me both weds/thursday. This is where money management/risk management is job #1. This is where you will most likely be tempted to go TILT as a trader. To me its just an efficient marketplace cycling through kind of like a storm passing by. As a trader you can’t […]
24 October 2012 Yesterday was more of a normal day as my win streak came to an end :( Every week or so I catch a 6-10 trade streak that helps keep the balance of statistics in place for my 80% average. This balances off maybe a day or two of lackluster results. I often […]
October 24, 2012 I received some questions regarding this post and aim to address them all here. One question was how many bounces do I look for when considering a level as “valid” or not. The simple answer is that I usually look for at least two bounces. Exceptions might be for recent extremes on the chart […]
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 […]