Archive for the money Category
For those that haven’t come across Trading Psychology yet, this is something you need to know if you are to be successful at trading. It would take a whole book to give you an intro to it so I recommend reading a couple of books… Trading in the Zone by Mark Douglas, anything by Van Tharp and Brett Steenbarger
For those that do know about Trading Psychology, you’ll remember that having the right Trading Psychology is 80% towards your success towards financial trading. Some people think i
October 24, 2013
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Following on from my article on the pinbars to trade, i thought it would be a useful to identify some pinbars which are not good to trade. Hopefully between that article and this one, you’ll get a better idea of what is defined as a good one to trade and what is a bad one and hence avoid.
Pinbar against a strong trend (unless its a Massive Move Pinbar - see http://www.makemesomemoney.co.uk/select-pinbars-trade/)
Sometimes you see a 1 day reversal in an underlying trend.. quite often this is
October 22, 2013
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A lot of my trades have been off pinbars. Pinbars are great in that they show where there was some strong buying or selling. This gives you a clue as to what may happen next so it could potentially be a good place to place a trade in the direction of the pinbar and a stop underneath the wick. I’m writing in the context of bullish pinbars here but the same is true for bearish pinbars.
All my trades with pinbars are off the Daily charts.. I don’t trade the intraday timeframes as I want more t
October 19, 2013
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