Join me - to boldly go where 'no man' has gone before. This is the Final Frontier. I take on the big issue - head on. This is the one that is more likely to make the biggest difference to achieving consistent profitability. I assert that it technical and fundamental analysis are not most important issues in trading - at all! If 'everybody' could simply do...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Creating your own Trading Strategy "In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets".Whats your Trading Plan/Strategy? Some of the questions you need to ask yourself when creating your own strategy are as follows; How much time during...
Traders layering into TRY potentially got burnt last week as the Turkish Central Bank intervened to halt the local currency's worrying devaluation by raising interest rates by a whopping 3% Whilst i tend to let the majority of fundamental data pass me by , it often pays to atleast maintain a health awareness of key macro factors that might have a direct impact...
This is based on the Bitcoin Market Cycle 2017 - 2018. Please note that this for Uptrend Market and it's totally Opposite for Downtrend Market if you are able to Short. Also note that you can apply the same for any Market not just for Bitcoin. - In a Uptrend We have 5 Waves followed by 3 Corrective Waves - In that 5 Waves 1,3 & 5 are Impulsive Waves Going up...
I'm exploring the psychological torture of managing equity gains - mostly in trend-following. I shall not go into methods. I wish to distinguish trend-following from trend-continuation trading. Those who do not know the difference can read up on the net, or start here . At the outset traders will have watched their positions move into much positive equity in a...
S&P 500 Oanda Hello Dear followers, last week was a great start but we have far more fun in stalled for you this week. Here is something a little different for those wanting to see how simple trading can be, and make some money in different areas. MY S & P strategy is simple, and wins a lot I only trade the S&P 9-12 days a year. I use the same order, strategy...
TEST YOUR TRADING SYSTEM I will not go deep into this, because it quickly becomes a shouting match on who has the best system, which is usually more about ego than fact. It is sufficient to say that I have seen / know of profitable traders who use fundamentals, price patterns, Elliot waves, renko, moving averages, structure levels, pitchforks, trend rules and...
As we all know, when we open a trade, there is no guarantee it will be a winner. Given the win rate of a certain trading strategy, there is a random distribution between wins and losses. We trade to make money over a larger number of trades, not to win every individual trade, which would simply be unrealistic. That is why it’s important to be confident when we...