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Hi All
Yes, I'm still around and don't post as frequent as I used to but I think that's part of the evolutionary process with regards to trading. Initially, you have so many questions, so many thoughts and just want to document everything. I've felt that I had nothing new to add with regards to n
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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
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So this week was quite an adventure with Crude Oil. I had a long trade outstanding from last week. I had gone long at point 1 in the chart. You can see that, at the time, the price action was right at support (as designated by the blue line). If you believed that the uptrend was intact, as I did, yo
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First of all, Happy New Year to you all! I wish you the very best in your trading for 2014 and beyond! The blog is now almost 7 years old.. can you believe it? Well, my trading has evolved leaps and bounds over the years and I think it's a thoroughly worthwhile pursuit despite the many years of frustration and losses at the start.
These days, I find that it difficult to always update the blog as I'm trading pretty much the same consistent way and although there is always learning to be had,
January 13, 2014
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Unfortunately, trading the markets incurs losses.. there is no way about it.. trading is the art of managing losses. As a new trader or someone learning to trade, you will feel a lot of emotions when you lose money and these emotions will be counterproductive to you making money from the market. It's a funny thing trading psychology... we have evolved as human beings to be completely crap at trading which is why it's so difficult to do. However, personally, I've found trading to be extreme
November 13, 2013
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Today I was have a quiet and thought I’d play around with the binary markets. They have 5 minute binaries which can even make the most boring quiet market days really exciting. With binaries, the market goes from 0 to 100 and in 5 minutes, it’s can traverse from one extreme to the other.
However, any short term market.. and especially a very short timeframe such as 5 minutes, you’re practically dealing with ‘noise’ and therefore, randomness. There’s no skill in this, it’s ju
October 31, 2013
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