I’ve broached this topic in the past during the course of my other posts, but only briefly and felt it would be wise to dedicate an entire space to it. As always, I recommend that any individual trade at a time convenient for them and also one in which their mental energies are high, as […]
I did not take a trade last Friday while watching the EUR/USD given that nothing set up to my liking. But it was one of those days that could have turned out a lot worse if I was impatient and forced matters by taking trades that weren’t actually there. So I felt compelled to write […]
In his book S.C.O.R.E. for Life, Jim Fannin outlines 5 keys for achieving what you want. The focus of the book isn’t on trading, but the principles still apply. S.C.O.R.E stands for self-discipline, concentration, optimism, relaxation and enjoyment. Here’s my own adaptation of how these principles can be applied to making yourself a better trader. […]
The key word here is “deliberately.” Many people just try to passively learn to trade, reading a few books and then jumping in to make some trades…hoping it works out. To deliberately improve means taking precise steps to foster self-awareness so issues can be spotted and addressed. 1. Get Help When Needed I try to […]
The market has been surprisingly amenable to a decent amount of trade set-ups recently. Normally, during the lower-volatility period of the mid-summer the market is at its most lackadaisical point. But for anyone looking for quality trade set-ups you definitely can’t complain about price movements backed by legitimate volatility. Needless to say, one needs a […]
Support and resistance are one of the most basic forms of technical analysis. Like many other tools of the trade, being basic does not make it simple. Identifying and using support and resistance, S/R, successfully as part of your daily trading routine takes time and practice. I am here today to help you gain an […]
Immediately when I began looking at the market, the resistance 1 level of 1.36073 stuck out as the first price level to consider trading. The market seemed to be venturing toward it so I set my alarm a few pips above it and it triggered about ten minutes later. The first touch occurred on the […]
As you may know, I really like Fibonacci Retracements. They are a fantastic tool for technical analysis with many uses and applications. Basically, FR’s are target areas for support and resistance based on ancient mathematical relationships found in nature. At heart is the Golden Ratio, which can be found between all living things such as […]
If you’re a day trader (or swing trader or even investor) you’ve probably asked yourself, or someone else, a similar question– “How often should I trade?” Trading too much can erase your edge in the market place, and highlight other problems such as lack of discipline or poorly defined trading strategies. Trading too little means […]
Today was an interesting trading day with many ebbs and flows in the market that made things interesting. Summer trading tends to always be lower in terms of volatility, but it did feel more like a day during the fall or spring where there’s a lot more up-and-down. And this, of course, was just the […]