Perhaps the most used cliché in securities trading is “The trend is your friend.”
Okay, I agree with that. But there are many trends – each time frame has its trend. As with friends, you must select your trends carefully if you expect to be […]
Let’s start with what all trading is about: buying low and selling high – or in the case of short trading – the reverse – sell high and buy back low.
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Technical Analysis vs Fundamental Analysis
I have to admit it – after thirty plus years of studying technical analysis – and after writing three books on the subject – I am still swayed by market fundamentals. An example occurred just recently.
My technical analysis system suggested that a large move up […]
Mid December I came down with a virus – I call it “The creeping Crud” because it acts slowly, but over a long time and makes you feel bad – not really sick – just cruddy. Since the first of the year I have slowly begun to feel better but have not been trading. […]
I love to trade, write about trading and talk to other traders.
In my spare time, I have also started writing fiction. What I call light science fiction (Sci-Fi) and tales from my early home back in Alabama – Sand Mountain. The reviews have been pretty good so far.
All novels […]
Why my FOREX workspace is set up with three charts of different time frames.
This probably the most often asked question about my trading method. I was explaining it the other day to another trader and for the first time I used weather forecasting as an example. That Trader seemed to pick up […]
I haven’t written a post in several weeks. One of the nice things about being semi-retired is the possibility of simply not working for a while and relax for a bit. I have been doing precisely that. But all the while I have been watching the markets, FOREX in particular, take a wild ride […]
I am now convinced that the Fed is an ill conceived institution currently run by ivory tower idealists who cannot connect to reality.
I was raised in the country and generally believe that if something doesn’t work doing more of it is not usually the wisest course of action. Virtually zero interest rates […]
Okay, I agree, a picture is worth a lot of words. A friend of mine called me up and complained about the article on FMP. He just wasn’t able to visualize what I was talking about. After reading the article again, I agree. It is not easy to visualize. Probably because FMP is a […]
Published Articles
"Selecting the time frame to trade"
"FOREX is a Tug of War"
"See the music of the Market"
"Minding our P's & Q's"
"It's just a matter of Time"
"To Trade or not to Trade"
"Let the Competition begin"
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Author & Trader
Phil Elrod
Instructional Videos
Feedback
….very impressed with the whole philosophy – both personal and trading, expressed in the book. I will read and revert !!
Richard DUSAThanks for the method !! Very solid, very logical entry and exit and genius SRV’s !!
Denis DRussiaGreat system – couldn’t trade without it !!
Frank YDavid, PanamaI trade the US Bond Markets exclusively – amazed at the accuracy of the SRV’s !!
George SNew York, NY“The SRV’s are amazingly accurate”.
Tony Texasthe SRV’s are spot on !!
Tom CUSACategories
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FOREX Markets (and others)
WOW! What the hell can happen next? The Washington DC (the DC in this case stands for Dumb Circus) is enough to keep the market on edge. Throw in one of the most devastating hurricanes in history hitting the Texas/Louisiana coast and you have enough to roil the markets.
Now, with the […]