Seasonality refers to recurring patterns in asset classes, often due to a time of the year impact. For example, summer may push up the price of crude of oil as more people drive cars and go on holidays, or heating oil prices may be pushed up in the winter as more people require heat in […]
This article is in response to a question I get asked, or see asked, just about every week. There are dozens of great answers out there but none seem to focus on the mechanics of actually drawing the lines and how that may affect your analysis. I began this article by grouping support, resistance and […]
Sitting at dinner last night with several friends I was asked my thoughts on the stock market — a question I get asked numerous times each day. My response is usually the same “I am a trader, I don’t have thoughts on the what the future holds for the market.” I like saying it because […]
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 […]
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 […]
July 28, 2014 When I post articles discussing a day’s trading results, I have no issue going through and explaining losing trades. One reader actually expressed gratitude that I also discuss the trades that I lose. At first I thought it was a bit strange, given losing trades is simply part of the game and […]
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 […]
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 […]
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 […]
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 […]