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His heart pounded like a too-tight base drum as he looked at the set-up. He could feel the grip of anxiety that circled his neck like a pair of sinful hands pressing on his throat. The YM E-mini 60 minute chart stared blankly back at him from his screen as Roland... read more
EURUSD: The pair continues to seek for recovery though closing marginally higher on Friday. On the down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Conversely, on the upside,... read more
A lot of traders wrestle with the question of what types of protective stops to place and how to place them. There are many different styles of stops that you can place. I think they are all beneficial. In fact the only one I do not agree with is the mental stop. I... read more
I just finished teaching a class on the importance of documenting your trading. It was called “Awareness and Reprogramming.” One of the students complained that documenting was something that they did not enjoy and that it was therefore difficult to follow-through... read more
Do me a favor please and fill in the blank in this sentence, “The road to _______ is paved with good intentions.” Most of you probably replaced the blank with the word “hell”. It’s an old cliché that is popular in the US and in other parts of the planet. This saying... read more
The world of market speculating is made up of everyone from the active day trader to the longer term investor, to major corporations and banks worldwide, speculating in all kinds of markets and asset classes, people all around the globe pushing buy and sell buttons... read more
Linda had visualized the trade over and over. She saw herself sitting at her trading platform, cool as a cucumber, back straight, brow smooth, heart beating evenly with dry palms and saying to herself, “Patience, …patience…patience.” And what’s more important, she... read more
How do you describe your trading process? What are your biases and beliefs about trading and about yourself, and how do you express them? Actually, language and how you use it defines your reality; it can make your reality positive or negative, promising or... read more
Ralph looked on feeling anxious and tense as the price action inched toward his stop. He had drawn a supply zone on the ES E-mini 60 minute chart and had placed his stop 2 ticks above the top line of the zone. He told himself, “Oh, crap, it’s going to take me out.” He... read more
The trader stared at her screen, it was like she had been in a bad dream and had just awakened to find that it was not a dream at all. She couldn’t believe it. She had been doing so well…and for weeks now. But there it was in front of her eyes; one of her largest... read more
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London, United Kingdom
You really do great technical analysis research. Very impressive, you know your job. Over the years, I have read so much technical analysis from many authors, and you can really tell their personal bias is affecting what they see in the charts. You do great work, very impressive.
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