Reading Price Action – EURUSD Long

Reading & Trading the FX Price Action

Reading Price Action – GBPJPY Long

Video: Reading Price Action – GBPJPY Long

My First Video Post – Intro

The first of several weekly (hopefully) video posts – most will focus on a trade of the week review. I’ll focus on interpreting price action – the way I do it. Check out the vid for more info.

Kill Your Trading Account – Fast!

Want to destroy your trading account the fastest way possible? Then all you need to do is flip your positions constantly and aimlessly…

Unstable Market – Stable Emotions

The past couple of weeks in the market was a harsh reminder of what the market can do to one’s focus and emotional stability.

April Fool’s – Navigating the Sovereign Debt Storm

Last month (April) was one of the most challenging months of trading for me in a while. Unfortunately, it took me most of last month and part of this month to figure out that I had to re-tool my approach in order for it to start working again. The grueling experienced last month was due to the bad timing – my decision to get aggressive with trading in April and the unfortunate change of market behavior getting weird…

Discipline Revisited – Don’t Be Fooled

There’s a difference between having the discipline to stick to your trading plan and having an unbiased perspective to see the market clearly. Though related, they each require different parts of your attention to master…

Price Action Trading – Around the News

As traders, one of the most exciting and dangerous periods of trading is when news events (i.e. economic data releases) occur.

Unexpected events like those due to geo-political events or natural disasters are the type of event-risk one just has to suck-up and deal with if and when it happens. Event risk though that is expected like those associated with economic data releases can be managed by preparedness. Even though you have no idea how the market will react to news regardless if the news comes out as expected or not, you will be prepared with the knowledge that the market could get very weird just before and after the news is released. How should one approach these types of days?