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.

Categories
Charts, Levels and Strategizing

NZDUSD: Week of 10 June 2024

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

Categories
Charts, Levels and Strategizing

GBPCHF: Week of 3 June 2024

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

Categories
Technical Analysis

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.

Categories
Charts, Levels and Strategizing

GBPCAD: Week of 27 May 2024

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

Categories
Charts, Levels and Strategizing

EURCHF: Week of 20 May 2024

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

Categories
Tips / Psychology / General

Hard Work and Persistence: Keys to Trading Success

Hard work and persistence in trading, just like with any other worthwhile endeavor, is often required for success. In this post I draw from a quote of the late William J. O’Neil to elaborate.