Revenge Trading and How to Deal with It
Revenge trading is one of the most common problems many traders face. Some deal with it quickly, others not so much. This post explores revenge trading and provides some tips…
Tips / Psychology / General
Trading Wisdom from Marty Schwartz
In this post I’m quoting from Pit Bull: Lessons from Wall Street’s Champion Day Trader, a popular trading book written by Martin “Buzzy” Schwartz to highlight the importance of removing your…
Want to get Better at Trading? Focus on What’s in Your Control
Just like traders – and humans in general – crave certainty in the the markets, they also love to be in control (or think they are in control) of the…
The Directional Movement Index (DMI)
The Directional Movement Indicator (DMI) was created by J. Welles Wilder, and is explained fully in his book, New Concepts in Technical Trading Systems. I delve into this indicator in…
EURGBP: Week of 12 May 2025
See daily chart of EURGBP below for the discussion that follows. (more…)
Technical Analysis
Bollinger Bands
This post introduces Bollinger Bands, a very popular trading indicator. Please read on. (more…)
The Harami Candlestick Pattern
This post will cover the bullish and bearish harami candlestick pattern. Before I start, if you are new to candlesticks and want an introduction, you can start here. (more…)
Tight Stops or Wide Stops?
I can’t decide for you (the trader) on how tight or wide your stops must be, but I can explain how they (tight or wide stops) will affect your trading.…
Charts, Levels and Strategizing
AUDNZD: Week of 31 March 2025
See daily chart of AUDNZD below for the discussion that follows. (more…)
NZDCAD: Week of 24 March 2025
See daily chart of NZDCAD below for the discussion that follows. (more…)
USDCHF: Week of 17 March 2025
I don’t see anything of real interest for this coming week, so I’m still watching USDCHF which I wrote about last week. Remember, always have your own trading plan and never follow…