Good, very Good. When you lose your faith you start seeing reality as is. No bull, no hype, no illusion. Now you can become a decent trader, although, faith often returns to haunt you, like a bad dream, or a dodgy burger. Just remember that hope and faith are not market forces and you will
Continue reading Someone left my list because he lost faith ….
UK Industrial Production Intra day trade Video of live Trade
Continue reading UK Industrial Production Intra day trade
My observation is that most day traders buy and sell with market orders. This strategy tells your broker or platform to buy when you execute an order as soon as you hit the enter button on your computer and buy immediately at whatever price the market is trading. I want to qualify this before getting too far down the road, I trade in a scalping style and run reasonably tight stops and try to let my winners run. Of course, who does not try to let their winners run? Many people, believe it or not, especially if they are to heavy on the number of contracts they are trading relative to their futures account balance, trade not to lose, as oppose to maximizing their profit potential. They are fearful, and trade defensively. It’s not unusual to see a fearful trader trade the ES contract and bail at one point, even though the market is signaling there is good potential for the trade to continue in the direction of the trade. They just want out before something bad happens. Needless to say, trading in a fearful condition is not an enjoyable experience and makes for a long day.
Continue reading How to Enter and Scale Out of an ES Emini Trade
There are a variety of trading styles that traders employ, some with great success, others with less than satisfactory results. My style of trading, scalping, is a direct reflection of my personality, experience and emotional disposition. ES Emini traders who scalp typically stay in trades for five minutes or less, or longer, if need be.
Continue reading ES EminiMore on the Scalping Style of Trading
Many traders have asked me why I trade the pivot points and what is my fascination with them? Just to clarify, I regard the Pivots as areas of a certain width, so for GBP I allow upto 20 pips as the lower/higher region. The answer is very simple, here are the reasons:
Continue reading Why Trading pivot points on currency is a good idea?