In this lesson we are going to look at the different stages of a trend and how it can help you position yourself for a trade. It is commonly accepted that there are four stages of a trend. These stages make up a cycle and each cycle has smaller cycles contained within them. It doesn’t [...]
Continue reading...Thursday, December 30, 2010
Establish a plan and define specific risk and profit objectives before trading. Maintain the necessary discipline to follow that plan through both good and bad times. Successful traders will agree that discipline contributed more to their success than their trading philosophy itself. Remember that the key to any plan is how well it holds over [...]
Continue reading...Monday, December 6, 2010
I have successfully given up two unhelpful behaviours, one was smoking which I stopped 10 years ago; and the other was drinking alcohol, which I gave up last year. Most people these days agree that smoking is a bad habit, but equally most people still consider drinking to be perfectly healthy in moderation. I no [...]
Continue reading...Monday, November 29, 2010
Trading spikes in any time frame can be a very high probability trade with low risk relative to reward if our unique set up is followed. Spikes fall under exhaust patterns and signal that the market is ready to reverse. Traditionally the spike or ”V pattern” as it is sometimes known will reverse very quickly [...]
Continue reading...
Wednesday, January 19, 2011
0 Comments