Hello Traders! A triangle break out is a high probability setup and can often be traded in either direction. A triangle is formed when there is a consolidation between buyers and sellers. The price range narrows progressively forming a nice symmetrical triangle indicating that there is near balance between buy and sell orders. It leads […]
Good morning traders! Key fundamental news can create a lot of volatility in some markets. Increased volatility also provides an opportunity to traders to take advantage of fast movements and make some money. To my retail trader friends I would like to suggest that they should exercise great care if they want to trade the […]
One common mistake most new traders and even some experienced traders make is to add to a losing position! In early years of my trading, I heard about this in a number of seminars and training sessions I attended, and read about it in a number of books and material available on the internet. Yet […]
Have you had this feeling at times about an asset class you think you know very well, ‘Oh this has rallied too much, can’t go any further so let me short it’ or conversely, ‘ Oh this thing has fallen too much and there is value in buying so let me go long.’ I bet […]
Gambling draws a negative emotion and is considered an indulgence in most cultures. At best it is seen as a recreational activity. In gambling most of the time the odds are known and are decided by the market maker (or the house as often referred to). Statistically over a long period (i.e. extended run of […]
Theoretically speaking, one only needs a tick, a point, or a pip a day to make any amount of money one needs. Why then is it so difficult to make trading a successful career. Trading is one of the simplest of professions to get into, but one of the hardest to get successful at. Not because it […]
I strongly believe that simplicity brings clarity of thinking, clarity brings decisive actions and actions produce results. In the trading profession many traders make their lives far too complicated for their own good. It comes from trying to find a Holy Grail, and being right all the time. The bad news is – in trading […]
One of the things that hurt me quite a bit early in my trading career was not to have a good money management plan. I used to randomly change the position sizing depending upon how good I felt about a trade, or to scale up by compounding after a series of winners. The result was […]