CONTROLLING RISK

One of the most important things You can do as a trader is to control your risk. In other words pre-set a point that You have determined th...

SEASONS

This was an amazing gift from a Friend this morning and I had to share it: There was a man who had four sons. He wanted his sons to learn no...

A LOSS IS LIKE A RATTLE SNAKE

A loss is like a rattle snake, DROP IT BEFORE IT KILLS YOU !!!!!!! As of late, I have been getting emails from traders who have blown u...

SAVE YOURSELF!!!!!

Last week we got a huge surprise in the market when the bank of Japan intervened to devalue the yen against other major pairs. Most traders ...

DANCING WITH THE MARKET

Dancing with the market can often be a frustrating experience because it is constantly attempting to trip You up on the dance floor. To make...

EVERY BROKE TRADER DOES IT THE SAME WAY

Every trader who ever goes broke does it the same way. I have heard it said that Traders go broke because they are under capitalized, that i...

HOW I TELL I AM LOSING MY ADVANTAGE

When trading the 1 min time frame it is essential for You to be able to recognize when You have lost Your trading advantage. These are way...

KEEPING RISK SMALL

Keeping risk small and rewards big is what a good trader is always attempting to do. How can we do that??? How can we gain that kind of adva...

WHY DO WE HOLD ON TO LOSSES ???

Why do we as traders hold on to our losses??????? Hope, Fear, Anger, Apathy, Confusion, When we see ourselves on the wrong side of a trade, ...

FINDING THE PERFECT ENTRY

While finding the perfect entry is the fantasy of every trader. There is no such thing. It is pure myth. If you get an exact top/bottom i...

BEFORE YOU TAKE THAT TRADE

STOP !!!!!!!!!!!! before you enter that trade: Did You see how far it was from yesterdays support or resistance? Is it ascending or descend...

DEMO ACCOUNT

I am always telling new traders to practice on their demo account until they become consistently profitable. WHY????? Because I have found t...

RUNNING PRICE

Many times when price is running like a mad train on steroids, it is very unsettling because all of your emotions are screaming for you to j...

LIKE FINE WINE

Like a fine wine the surety of a trend reversal gets better with time. The more a trend has aged, the more likely you are to get a valid re...

FEAR

How many times have you let the perfect trade pass you by? The trade that was screaming for you to take it, but fear kept you from pulling t...

WHAT ARE MARKET MAKERS

In the financial markets, we often hear the term Market Makers, but who are the Market Makers and what do they do???????????? Market Makers ...

RESISTANCE, DROP

Resistance is a powerful word, but in the market it can mean the end of a long climb up the latter of a successful bullish run. Points of re...

TAMING A HOSTILE MARKET

Every day you get up to face a hostile market where the odds are stacked against you....... How do you Win in the face of such odds ????????...

DON'T HUNT TRADES !!!!!!

You don't have to hunt profitable trades, if you will wait, they will come to you. LET PROFITABLE TRADES FIND THEIR WAY TO YOU!!!!!!!!!...

ANTICIPATE

One of the biggest mistakes traders make is jumping in at the end of a price move. Once price has a direction, we expect for price to move ...

LISTEN TO THE WISDOM OF THE CANDLES

Your candles always have a tale to tell and you would be very wise to listen as they whisper hints about what is going on in the market. I...

DUMP THAT LOSER

One of the biggest mistakes that traders make is holding on to losers too long. The reason we do this is because we can't stand to lose...

The Price Yo-Yo

What is the Price Yo-Yo??????? It is the price dance that keeps traders confused and keeps them off guard. Every hour, every day, every wee...