Binary Options Trading for January 16, 2014 As I’ve mentioned to some extent in recent posts, one of the best things you can do to help your trading is to focus on a specific asset. Choose a specific asset, a particular charting timeframe, a time during the day to trade it, and a certain trade […]
I love it when fellow traders and aspiring traders ask me questions. It’s always nice to receive feedback on my blog material and to hear what others are most curious about or need clarification on with regard to trading. I’ve received a decent amount of private messages here on the website lately, so thank you […]
In this post I’d like to talk about some forex trades I made on the GBP/JPY in 2013 for those of you interested in further examples of how I approach spot forex trading. The GBP/JPY is well known as a volatile pair. There is a lot of movement of all timeframes, which I experienced when […]
Here is a list of essential things that I feel a trader needs to have in order to become successful. 1. Stop overtrading! Overtrading is the one thing that will destroy your account like nothing else. Obviously if you don’t trade or trade minimally it’s difficult to make money. Some newer traders are almost afraid […]
During the latter two days of this week I looked at the markets for over twelve hours and found a grand total of zero trades to take. Thursday Thursday provided some potential areas that could have possibly been worthy of trading. The pivot point and support 1 level came into play multiple times in addition […]
January 6 was an interesting day, as it directly related to several articles written recently. As the US session began today the EURUSD was moving within a triangle pattern, following a trending move down. The expectation based on the trend was that the price would break lower out of the triangle. Therefore, using the strategy […]
I wanted to address something I get asked probably the most often, which I can generally summarize as “How do I become good at trading in a very short period of time?” The truth is that the very best traders (and investors) are those that have put in the most time to become successful at […]
Those familiar with my blog here know that I tend to pretty much always stick with an overarching trading strategy centered around support and resistance levels. For binaries, that continues to be true. I have tried breakout strategies in the past for binary options, but I’m simply not very good at it to be perfectly […]
It was a few hours into the London session before a strong trend began. That is way I prefer not to range trade in the EURUSD. There is a high likelihood that the range won’t last very long, and what many traders view as ranges are just consolidations in a longer-term term trend (not always, […]
By creating your own strategies you will have a much better idea about how your strategies work, compared to if you just use someone else’s. You’ll know when your strategy works and when it doesn’t, which means you’re better able to filter trades and capitalize on good opportunities. Most of all, creating your own strategies […]