Not only did I miss out for a time while recovering from surgery, but during that time TradeStation, which I use for chart analysis and trade execution decided to get out of FOREX trading completely and transferred (sold?) that portion of their business to Oanda. So I am now required to learn to navigate […]
I have been recovering from some minor surgery for about two weeks now and have not felt like trading or even writing about it – but I have been watching the markets and thinking about what is going on.
Once in awhile it is a good thing to just stop what you are doing and […]
Of all the major currencies, the Japanese yen probably has the worst fundamentals. The Japanese government is amassing debt with both hands and they already are deeper in debt than any other major currency – and by a very large margin. If there ever was a bug in search of a windshield it would have […]
Last week the Japanese yen moved from a high of 121.480 to a low of 116.277. That is a whopping 5203 pips of movement for one week.
Now let’s look at that in dollars. An average contract for USDJPY is about 100,000. The margin for that contract would probably be something like $3,000.00.
Let’s say […]
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 […]
Traders make their money (or lose it) on price oscillations. Price oscillations vary with time frame. Generally speaking, the shorter the time frame the shorter the oscillation amplitude will be – and vice versa.
This is true whether you use minute bars – or as I do, tick bars – to look at different time […]
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Author & Trader
Great system – couldn’t trade without it !!Frank YDavid, Panama
….very impressed with the whole philosophy – both personal and trading, expressed in the book. I will read and revert !!Richard DUSA
I trade the US Bond Markets exclusively – amazed at the accuracy of the SRV’s !!George SNew York, NY
the SRV’s are spot on !!Tom CUSA
Thanks for the method !! Very solid, very logical entry and exit and genius SRV’s !!Denis DRussia
“The SRV’s are amazingly accurate”.Tony Texas
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