Some of the biggest obstacles in trading have to do with over trading and attempting to trade a choppy market. There are some traders who want to place five trades a day in the currency markets and expect to nail 100+ pip moves on each and every trade. Most of those traders expectations are just out of …
Originally posted at forexfactory on April 18, 2011: I will probably be preparing some sort of order flow guide, or series of articles to help people become an order flow trader. I would appreciate it if you guys would send in questions that you have. It has been many years since I underwent the …
The wonderful gold market. Small fortunes, large fortunes being made this year. Small fortunes being made by the small speculator who can trade just a few contracts. After all, most beginner traders and investors typically have a bullish bias built into them. All they had to do was just keep buying and pyramiding on the way …
Originally posted at forexfactory on April 11, 2011: I remember studying EMH when I was first starting. Didn’t get anywhere. Instead I think about order flow and liquidity and what will cause prices to move. I just throw that EMH in the garbage and think about what the market is pricing in now, and what …
Consciously or subconsciously every trader involved in the financial markets and trading gets what they want. Great Quote by the Market Wizard, Ed Seykota: The quote rings true for all sorts of different traders and market participants. The markets, trading, the internet, they are all capable of giving you what you want out of …
Originally posted at forexfactory on April 10, 2011: Well I am not necessarily going to try to figure out what % is speculative vs hedging vs other things. People interpret things in different ways. I just care about what will move the market. What market participants or combination of market participants will move the price. …
Evolve Or Die Trend following systems only work some of the time. They only work when there are huge sustained trends that occur in the markets. Those types of trends eventually reverse or there are many years where the markets can stay in a range for a long time. Trend following systems get destroyed in such market …
Originally posted at forexfactory on April 7, 2011: Yes I know what you are talking about. It is standard trader psychology and money management strategy to make sure you follow your trading rules and let the trade play out. I am just saying that for true order flow traders then they operate at a slightly …
People wonder what type of trading returns and gains they can make. Some people ask the question even before they take the leap to commit to learning how to trade. They want “to see if it is worth it.” As if they believe they are going to make huge trading gains from the very beginning. …
Originally posted at forexfactory on April 6, 2011: The whole place a trade, close your computer, and come back at a later point is a bit overrated at times. That strategy can work fine for swing trades, but not necessarily for day trades. The closing of the computer and coming back at a later …