Categories
Tips / Psychology / General

Stick with It

Sticking to your trading strategy is often the most difficult thing for traders to do. That’s because sticking to your strategy means: you don’t hop from one strategy to the next, you manage your trades (stop losses and profit targets) according to you rules, your risk management is according to your rules and you don’t let all the noise (social media) influence your trading decisions.

Categories
Charts, Levels and Strategizing

GBPAUD: Week of 22 July 2024

See daily chart of GBPAUD below for the discussion that follows.

Categories
Charts, Levels and Strategizing

GBPUSD: Week of 15 July 2024

See daily chart of GBPUSD below for the discussion that follows.

Categories
Tips / Psychology / General

Patience and Trading

Aspiring traders often think that trading means trading / clicking buttons all the time, but it’s actually the opposite… Doing less / being more patient, is often what is needed. Let’s discuss.

Categories
Charts, Levels and Strategizing

AUDUSD: Week of 8 July 2024

See daily chart of AUDUSD below for the discussion that follows.

Categories
Charts, Levels and Strategizing

EURGBP: Week of 1 July 2024

See daily chart of EURGBP below for the discussion that follows.

Categories
Technical Analysis Tips / Psychology / General

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. And during the process of explaining their differences, I hope to guide towards better stop placement. This is discussed next.

Categories
Charts, Levels and Strategizing

EURAUD: Week of 24 June 2024

See daily chart of EURAUD below for the discussion that follows.

Categories
Charts, Levels and Strategizing

AUDCHF: Week of 17 June 2024

See daily chart of AUDCHF below for the discussion that follows.

Categories
Tips / Psychology / General

Howard Marks on Uncertainty and Risk

Mastering the Market Cycle: Getting the Odds on Your Side, is book written by legendary investor and co – founder of Oaktree Capital Management, Howard Marks. As the book’s title implies, its emphasis is mostly on different market cycles and how to make them work for you. But the book also contains many other market wisdom, such as his opinion on uncertainty and risk in markets.