Articles on institutional positioning, options flow, price action, and the neuroscience of trading.
Have you ever said this to yourself in trading? Most of us have, present trader included back in the day. You don’t know it, but this statement is a trap. Unconsciously you believe you are a victim of cause and effect. What you have to see is that you can ‘cause an effect’, particularly the…
Having trouble building your skill set for finding key support & resistance levels? Then you’ll need to train in finding them. The key lies is first identifying the price action context. Once you have this is in place, then you know what levels to look for. In the beginning, we talk about one type of…
I was listening intently to an interview of a professional athlete, talking about playing against one of the best teams in their league. Instead of being intimidated by the prospect of playing such a highly dominant team, they had the following to say; “These are the games you really look for. They force you to…
I recently got a daily forex trading plan from a new student and eager beaver who asked for some help with their plan. The moment I opened it, I realized it was incomplete and needed work. To be fair, they had gotten this template from another course, so cannot fault the student. I generally suggest having…
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In a new series of articles, I will be reviewing books approximately once a month specifically related to trading. I am a fanatic reader, consuming on avg. 1-3 books a week, and often come across some great reads on trading, or building a successful mindset. Today’s forex trading book review is one my most recent reads Cultures…
Last week in a free private webinar for my course members, I asked a key question about what builds confidence in trading. Trading is without a doubt, an endeavor you need confidence in. Having a confidence that you can do this will be a fuel when you need it, clear obstacles when you face them,…
In a great study by Thomas Corley on the daily habits of successful wealthy business people vs. the poor, some fascinating statistics were unearthed. Here are several below: 76% of wealthy people exercise aerobically at least 4 days a week vs. 23% for the poor Those same wealthy people eat over 30% less junk food…
Last year Nathan at winnerstradingedge.com wrote a brilliant piece which you can find here talking about Why Nial Fuller’s Method Doesn’t Work (referring specifically to his risk models). In this article, he is responding to Nial’s claim that the superior forex risk management system is to risk a fixed dollar amount per trade. It should…