Archive for the money Category

Some Simple DayTrading on the DOW

Some Simple DayTrading on the DOW

  I haven't daytraded for ages but sometimes I am tempted and today was one of those days. You can see where I've drawn a horizontal S/R line.. this tied in very nicely with the days price action and I was essentially looking for a break or rebound up  at this level. As the price broke below, I quickly went short and took a few points before it headed upwards. As it breached, I went long but lost a few points as it headed down. Then it became clear that it was going down so I sho

October 13, 2014 1 Comment Full Story

Developing your Trading Psychology

Developing your Trading Psychology

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 No Comments Full Story

Example of Pinbars not to Trade

Example of Pinbars not to Trade

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 No Comments Full Story

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