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The 6-Candle Rule can be applied to any time frame chart of the traders choosing. 60 minute chart means that we have 6 hours for this trade to start moving. If the short is entered in that area and price doesn't begin to move down, we'd then make the adjustment. If the level is identified on a 15 minute chart, then we’d manage the trade after 90 minutes (6...

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Alright, before I show you the “light at the end of the tunnel,” we need to create a fictitious system so I can logically demonstrate my point. I want you to bear with me here— it may seem a little ridiculous, but trust me, there’s a solid point I’m going to make. Let’s face the facts here: It’s easy to blame the market and commiserate with other traders, but it’s...

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How often have you heard “90% of traders fail while only about 10% make consistent money”? Often, I am willing to bet. Whilst the exact ratio of traders who make money vs. those who lose money is obviously almost impossible to pinpoint, it probably is somewhere between 80/20 and 95/5. Have you ever thought to yourself “why is trading apparently so difficult that...

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The 80/20 Principle is an enormous time-saver. If you spend 10 minutes learning these skills now, it will have an endless return in the future. An example of a great reward: (lifetime saving of time) to risk (5-10 min of reading). The 80/20 Principle is a very effective concept in achieving efficiency. Instead of wasting resources on unimportant tasks, you can...

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If you told somebody new to trading that markets can only go in one of two directions, it would be natural for them to conclude that even a beginner could be right half the time. That’s not the reality because traders don’t make a binary up/down calls on their outright positions. What traders do is say, “I think it’s going to go up to point x (target) and in the...

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The lunar phase or Moon phase is the shape of the Moon's directly sunlit portion as viewed from Earth. The lunar phases gradually change over a synodic month (about 29.53 days or 29 days 12 hours 44 minutes 3 seconds); because of perturbations in the Moon's orbit, the lengths of all astronomical months vary slightly....) as the Moon's orbital positions around...

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Let's be honest: who doesn't want a magical computer program that runs on your computer and tells you the future price of your favourite ticker, be it EURUSD, GBPJPY, BTCUSD, XAUUSD. More so a automated trading strategy that runs in the background 24-7 and will trade away. Let's also be realistic : if someone has the code that can do this, they most likely won't...

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In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity. For every trading strategy one needs to define assets to trade, entry/exit points and money...

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Richard Feynman(1918-1988), an author, graphic novel hero, intellectual, philosopher, physicist, and No Ordinary Genius is considered to be one of the most important physicists of all time. He pioneered an entire field: quantum electrodynamics (QED) In the 1940s, his invention of the Feynman Diagram helped bring much-needed visual clarification to the...