An Affirmation Is Defined As An Assertion That Something Exists Or Is True. An Affirmation Is Designed To Help Remind You And Encourage You That Something Must Be Done And It Must Be Adhered To As The Saying Goes... As A Trader “You Cannot Change The Markets... You can Only Change Your Response To What They Do.” Trading Affirmations Are Very Important And Very...
An Affirmation Is Defined As An Assertion That Something Exists Or Is True. An Affirmation Is Designed To Help Remind You And Encourage You That Something Must Be Done And It Must Be Adhered To As The Saying Goes... As A Trader “You Cannot Change The Markets... You can Only Change Your Response To What They Do.” Trading Affirmations Are Very Important And Very...
HOW you can get control of your emotions when trading So if trading is stressful or a rollercoaster, you're not alone. 🎢 BUT, its quite a simple fix really.🤔 You're pushing things a little too hard. Chasing an expectation that in return is causing you stress. 😢 Thing is, its actually pushing you further away from your long term goals too. Long term hopes...
Hello traders! In the previous Educational Post (4 of 20) we learned what FIST (Fundamentals, Intermarket, Sentiment, Technicals) is about and why you need to use this trading framework in your trading. I strongly believe that incorporating a range of analytical disciplines returns better trading results than focusing only on one tool. This is how big players play...
... and try to find multiple-100s of pips, even in over-manipulated junk such as the USDCHF. Let's see if it's possible... The title chart is the USDCHF Monthly, as it stands at the end of this quarter - 03/2021. What is the story here?... It appears that this pair is rather predictable and has been obeying all the major support/resistance levels (PRZs), going...
I've spent around 9/10 years trading with technical analysis. I used to spend 2/3 hours on a weekend and easily 1/2 hours each day on the screen - that doesn't include the amount of times I'd be checking from my phones on and off throughout the day too! So add that all up - its 620-700 hours per year. Frightening. We trade for freedom and time - not to spend...
A quick video running through how my ideas work and why they're different! Trading for me is all in the detail and the planning now. Know your numbers and your data and you can plan properly. You know if your strategy or system works or not and you can ensure your risk management is in line with probability. Rule number one is... You cant run out of money,...
Here is a list of what impacts the strength of a currency, as well as the impacts this strength has on the currency country(ies). Things are of course more subtle than a simple excel list binary check. For example, some inflation is not automatically bad, it can be the sign of a country economic growth, and as it gets bad the relationship is not linear, inflation...
EDU 3 of 20: What Moves the Forex Market? Hello traders! First of all, I wish you a merry Christmas and a happy holiday season. Now that markets are closed and liquidity is thin, we have got some time to learn more about what it takes to become a successful Forex trader. In the last educational post (2 of 20), we have covered why you shouldn’t rely only on...
The Butterfly pattern, is a harmonic pattern discovered by Bryce Gilmore using his Wave trader software program. The pattern structure was further refined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The Butterfly pattern must include an AB=CD pattern to be a valid signal. In general, the...
Here's a couple of tips from me that might help in your trading. Those are just my opinions and all are belong to me. Practice think practice think review old ones repeat repeat repeat. It takes a whole lot of thinking and a whole lot of practicing to be good. Give your brain practice all the time like a muscle, and just repeat over and over. Look at examples,...
The Gartley Pattern , is a harmonic pattern discovered by H M Gartley and outlined in his book 'Profits in the Stock market', published in 1935. The pattern was further defined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The pattern incorporates the 78.6% retracement of XA, as the...
Here we look at 3 traders, all claiming to have a winning trade with 100 pips - however, with very different % gains on their accounts. The main part of trading is profitability, you can not pay your bills with pips. This explains what you need to focus on and be aware of! Hope it helps, Regards Darren
The Bat Pattern, is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD...
Percy is a great guy... he can be a girl too and you can call him or her whatever you wish. I just chose the name Percy, I think its quirky. :-) BUT .... Percy can help you like he helps me - Let me introduce you to him. He tells me when to enter a trade, when to close a trade, what lot size to use - he helps me stay on track when I feel like closing early...
An alternative way of assessing currency flow is the ratio between the ETFs of each currency. For example, the EZU that gives exposure to a developed market countries using the Euro currency, divided by IVV that gives exposure to large, established U.S. companies. The direction of this ratio shows us whether companies in one country (or region) are growing faster...
We believe and support the idea there are 3 pillars of profitable trading; 1. Strategy 2. Risk Management 3. Psychology This video is just 17 mins long but explains how we believe we can help you in all of the 3 areas above. Would love to read your comments, please let me know what you think. Thank you, Darren
The idea of this post is to use this current scenario to provide an idea of how to work with clear Support and Resistances zones. a) LOOK AT THE PAST: What we mean by this is to look for zones that you can define as reversal areas (support/resistance), this must be Evident if it is not then you should not be paying attention to that chart b) Once you have...