There are probably more emotions involved in trading, but as far as I am concerned there are only two – and the others are simply variations of one of those.
Fear and greed!
Fear keeps us out of the market when we should make an entry – and conversely keeps us in […]
My last post was that I was back and ready to trade – and I thought that to be true. However, Mother Nature had other plans for me. And you know that it is not nice to fool around with Mother Nature.
Living in Texas is always interesting, especially in the springtime when […]
Traders love volatility – usually the more the merrier. But the recent volatility in the USDCAD has been historically high.
That kind of volatility is usually only found in a market crisis. But this one has been all about crude oil.
Look at the following chart of The USDCAD pair for the […]
In a nutshell, the music of the market is the oscillations in price. These oscillations occur in all time frames. But they look different in different time frames Just like music the faster it is played the more different it sounds.
IN trading securities, price oscillations are […]
The Dow has been bouncing like a super ball. Crude Oil is heading down and no-one seems to know where the bottom might be.
The FOREX markets have been making moves in a day that usually take a week or more.
It appears that we are off to […]
I time my market entries from a very fast chart – in the case we will discuss today it is a 40 tick per bar chart of the USDCAD pair. The chart in Figure 1, shown below is the window on my workspace that contains the price bars. I plot two indicators over the price […]
Trading is hard work. That is the principal reason, in my humble opinion, why so few people who try it are successful. Get rich quick and/or easy schemes are everywhere in the world of trading securities.
So what is a trader supposed to do?
First and foremost – get real! There is no such thing […]
I had a trader ask me the above question. It is a very good question. So I am going to answer it as precisely as possible – and as simply as possible.
Those TBL lines represent probable future points of support or resistance.
Price oscillates over time as traders buy and sell a market.
One of the things that all FOREX trading companies always brag about is that FOREX trading is “commission free.” That is true, FOREX trading companies do not charge a commission – BUT for the trader, there is a charge for each FOREX trade – it’s called the spread. When you enter a trade – let’s […]
I prefer to talk about trading and leave the politics to the pols. But in the good ole US of A, politics can have a big effect on the markets. The reason is very simple – markets move on the emotion of the traders participating. I have said it before and I will say it […]
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Author & Trader
I trade the US Bond Markets exclusively – amazed at the accuracy of the SRV’s !!George SNew York, NY
….very impressed with the whole philosophy – both personal and trading, expressed in the book. I will read and revert !!Richard DUSA
Thanks for the method !! Very solid, very logical entry and exit and genius SRV’s !!Denis DRussia
Great system – couldn’t trade without it !!Frank YDavid, Panama
the SRV’s are spot on !!Tom CUSA
“The SRV’s are amazingly accurate”.Tony Texas
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