Articles on institutional positioning, options flow, price action, and the neuroscience of trading.
I am going to start this article with a question which could signify a major portion of your current level of success or failure in trading. The question is; Do you believe willpower (and specifically – your willpower) is a limited resource, and if so, what do you think it limits you to learn, achieve…
In one of my most recent webinars on FXStreet, I talked about a key method for detecting when a trend is over-extended, which is to look for a climax or exhaustion reversal bar. I had mentioned how from an order flow perspective why these exhaustion and climax bars tend to represent a high probability reversal…
Lately I have been spending a lot of time crunching data on some of the forex price action algorithms my programmer and I created, that the data can at times become overwhelming to digest. In times like these, in needing a break, I often enjoy reading something completely unrelated to forex so I can engage…
I was talking with one of my price action course students today who in some sense, has a very typical story – they tried everything, from forex robots, signal services, listening to expert trade advice, reading all kinds of books, etc. but no matter what they did, they still were consistently losing. They are definitely…
Often times, we measure our success as a trader by our account value, whether it has grown, perhaps doubled in size, or whether we have lost and are under water. Unfortunately, this is really a myopic way of measuring our success in trading. If this was the true benchmark, then for my first 6 mos…
In a constant effort to refine the trading and educational process in helping traders become profitable, I have put together this FX trading tip article which will give you four keys to improving your trading and particularly help with the learning process to becoming a successful trader. Key #1: The Zone of Proximal Development This…
I have been working really hard lately on my upcoming book ‘Trading Price Action‘ which I am seriously looking forward to finish and deliver to the world at large. Currently I am dissecting a chapter on pattern recognition and came across this interesting chart. In trading, we often look for fixed patterns we are trained…
I want to share with you some results and tell me if you think these would be considered professional grade, or highly impressive to say the least; 110% gain for 2011 124 Trades, 74 winners, 50 Losses 59.67% Accuracy Rate Largest Win: $14,360 Largest Loss: $8,180 Max Win = 43% larger than Max Loss Max…