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M and W formation patters.
The first leg rise/fall induces traders to take long/short positions, often after a breakout of a previous area of consolidation.
The center leg reversal trigggers those stops and […]
Hi fellow NY Traders! I am in the state of Tennessee, anyone close to the Southeastern US? I am here every trading day and look forward to collaborating with everyone. I have not posted in awhile but am going to start back up. I typically try to trade $ pairs but also look for S vs W pairs.
You can IM me on skype and I will kick around Ideas in…[Read more]
My favorite rule is to fib practically everything. If you study the ratio theory you will
find it at work in practically all of nature and our DNA.
I like to keep the fib on every swing because it keeps me focused on the expansion and
contraction of the march of price. The process of just picking a place where price will…[Read more]
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The Cable in a downtrend channel is eyeing a third visit to the 1.2800-1.2850 area. We will see if the bulls can hold the line. I am looking for a retracement to gather contracts for the push down. Maybe a […]
I like this topic. I find that if I don’t risk at least a small amount on the trade that I tend to lose focus and
not follow my trading rules as closely as I do when have capital at risk.
Risking capital lets me know when my internal beliefs about the market and trading in general are in conflict.
I highly recommend Mark Douglas’s book…[Read more]