Shoot First, Ask Questions Later (Trading Related)
Sticking to stop losses can be tough, especially for newer traders. This post offers some tips. Read on. (more…)
Tips / Psychology / General
An Example of How Anything Can Happen in Trading
I wrote about Mark Douglas and his 5 Fundamental Truths of trading here. In this post I give an example of how anything can happen (one of his fundamental truths).…
Stop Losses: An Essential Part of Risk Management
In this post I’m quoting from a book called Trade Like a Casino to highlight reasons why stop losses are so important in trading. If this sounds interesting to you,…
GBPUSD: Week of 17 February 2025
See daily chart of GBPUSD below for the discussion that follows. (more…)
EURJPY: Week of 10 February 2025
See daily chart of EURJPY below for the discussion that follows. (more…)
Technical Analysis
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.…
The Relative Strength Index (RSI)
The Relative Strength Indicator (RSI) is a technical indicator that was created by J. Welles Wilder and is explained fully in his book, New Concepts in Technical Trading Systems. (more…)
Charts, Levels and Strategizing
EURAUD: Week of 30 December 2024
See weekly chart of EURAUD below for the discussion that follows. (more…)
EURNZD: Week of 23 December 2024
See weekly chart of EURNZD below for the discussion that follows. (more…)
AUDUSD: Week of 16 December 2024
See daily chart of AUDUSD below for the discussion that follows. (more…)