“Jane, an experienced trader, has had a few good months trading Forex. Her strategy is returning a pretty good profit. Her confidence is high. She thinks of making the good run count and starts playing with twice her normal position size. Unfortunately she has a string of losing trades and in a matter of days […]
Tag: Trading Strategies
If you have been trading for any length of time, you will have become aware of how important a right mindset is in order to achieve trading success. No trading book is complete without a chapter on psychology and how the emotions of ‘Fear’ and ’Greed’ influence trading. A lot of trading gurus and pundits […]
New traders and sometimes even experienced traders struggle to answer a key question – How much capital is good enough to make Forex trading a worthwhile pursuit? The expression worthwhile will have a different measure for different people. Some would like the trading activity to generate enough income to compensate for the hourly /monthly rate […]
In the previous post I discussed the fractal nature of markets. In this article I would like to discuss another structural phenomenon which characterises price movement. This concept is called ‘Reversion to the Mean’. Price for any asset class never moves in a straight line, it always forms waves of movements, thrusting forward, then retracing […]
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Fractals in trading
Understanding the fractal nature of price movement is an important concept to help you analyse the markets and optimise your entry and exist. So what is a fractal? A fractal is a natural phenomenon, a mathematical set or a geometrical pattern that exhibits a repeating pattern that displays at every scale. The key words are ‘repeating’ and ‘every […]
One of my long time colleagues and a mentor recently shared something very personal. He had invested in a property in London paying a staggering £650,000 for the one-bedroom flat. A similar sized property in Bristol (where I live) would be around £150,000. Why such a huge difference? Almost everyone would answer that with ‘it’s […]
One of the most important aspects of successful trading is knowing that your trading method has an edge over the market. Theoretically speaking an edge is defined as a set of conditions which when present gives a higher probability of a trade working than not working. These conditions can be based on price, indicators, chart […]
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Trade Management
Have you ever strangled a trade by a few pips and then see it motor along in your direction by hundreds of pips? Or failed to book profit at an opportune time only to see those profits evaporate quickly? I know I have. And if you have been trading for any length of time then […]
Hello Traders, I have shared a trading strategy using RSI trend lines – watch it on You Tube – https://www.youtube.com/watch?v=GUh6pLA8bGs. You may use key words ‘Knowledge Candles Forex’ in your search box. If you would like to discuss this or other ideas you are welcome to contact us by leaving a comment or writing to [email protected] If you trade […]