Archive for the Trading Category
My first thought is that new traders should start off with the longer timeframes… shorter timeframes are extremely stressful and a quick way to lose money particularly when you’re starting out. That’s not to say that it’s not possible but the likelihood that you will burn out is greatly increased if you run before you can walk.
Trading the Daily timeframes work better as there’s less ‘noise’ in the markets.. you’ll see less signals but the moves should be bigger and you igno
October 29, 2013
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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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