Intraday Price Action Trading – Breakout of Key Level
Video of a live price action trade I recently took on the NZDUSD using intraday price action trading analysis on the 5m chart.
From the blog
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Articles on institutional positioning, options flow, price action, and the neuroscience of trading.
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How To Deal With A Counter Trend Signal to Our Trade
Recently I got a question from a newer student asking the following; “Right now I’m short this pair. It’s in profit, but it just formed a pin bar against my trade before I hit my profit target. What should I do?” This is a common question I get about what to do when you see…
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Why We Close Winning Trades Early
Have you ever asked yourself why you close winning trades and take profits too early, but let your losses run to the full stop? Have you ever wondered why you feel the tension, emotion and desire to close your winning trades too early before hitting your take profit level – even though the trade is…
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Rule Based Systems vs. Discretionary Systems Part 1
I recently had a really good Q&A session with a student in my price action course, who had asked a really important question. He was having a hard time discerning when to follow the rules to develop consistency in their forex trading, while having flexibility to ‘adjust‘ the rules in the right circumstances. This is…
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How to Trade Forex Consistently
In one of my trader forums, I recently asked an important question to the students, ‘How does one trade consistently?‘ There were many interesting responses, some of them close, but none that hit the mark. There really is only one consistent trade strategy, yet it seems to elude most traders. My guess is most of…
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2 Tips For Summer Forex Trading
Often due to low liquidity, summer forex trading can be fickle, whimsical and often times dull. Staring at charts for hours or days when the price action is slow isn’t going to make you a better trader, or make more profits. We need to be using our time to improving our edge whether we are…
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The Fastest Way to Successful Forex Trading
I recently got an email from a new student who sent me a month of their trading prior to joining my course. Their story is just like many others – they traded well on demo, went live trading, and lost a fair amount of their account. Now they are trying to get back their losses…
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Why New York Close Charts are Not Important
In my prior article on the New York Daily Close Charts, I exposed the forex myth demonstrating how the New York Close Charts are not superior to the UK GMT 00.00 charts. For my price action course members, I just updated our stats on the inside bar strategy, and compared the NY 5pm Close vs. the…
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How To Turn Your Forex Trading Around – The 5 Solutions
Earlier lastweek I wrote a critical article titled ‘5 Things All Forex Traders Must Avoid‘. I covered some of the more prolific habits and pitfalls all struggling traders consistently fall into. Ironically these are some of the most common things I hear traders talking about when they are wondering why are they not making money…
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5 Things All Forex Traders Must Avoid
After working with thousands of trader, along with my 13+ year trading career, I have seen the dozens of pitfalls and traps developing or struggling traders continually fall into, that I myself have fallen into early on, and that separate oneself from trading profitably and consistently. In this article, I am going to share 5…