In 1909 a magazine called the Ticker and Investment Digest interviewed a mysterious investor named W.D. Gann. Gann had already achieved infamy and to get to the bottom of his methods, they decided to audit his trades in real-time over the space of a month. He made 286...
I first set off trying to find my own way through the trading jungle, just like you probably have. I bought the books, followed the ‘gurus’, set about looking for the Holy Grail – you know, the ‘one system that rules them all’! But it was only when I...
What I’m going to talk about today is one of the first bits of technical analysis I ever used. I think I got the bones of it from one of Alexander Elder’s books but I’ve mixed in my own candlestick patterns. I’ve got an old hard drive at home with...
Two days is a long time in trading. And when brokers close up for the weekend from late Friday evening, it can leave your trades open to sudden and wild swings in trading sentiment. It can make for a bit of a restless weekend! This was the exact situation a reader...
I’m going to share a quick and easy trading technique with you today. And like I suggested, this particular set-up uses solid long term trading levels that can be identified in advance. It’ll give you a ‘floor’ or ‘ceiling’ price...
**BREAKING NEWS….A quick briefing on the General Election vote PM Theresa May has called for a Commons vote on a General Election to be held on 8th June. There will be a vote tomorrow (19th April) to decide. GBP markets have already reacted with strong...
Let me tell you about ‘scaled exits’. Now let me be clear, scaled exits are nothing new. It’s not some cutting edge technique I’ve just invented. You’ll read about the old masters of trading scaling out of their trades, they were doing it...
If you’ve been trading for a while you’ll know it’s possible to trade comfortably from home around a day-job… And, if I have been doing my job properly, you’ll know my material — both on the Trader’s Nest website, and inside my members-only...
So, you’re headed to the casino and your plan is to make a stack of £5k at the roulette table. In fact, this is how you plan to support yourself on a permanent basis from now on. What do you think your chances of gambling your way to £5k actually are?...
I remember it very well. Autumn 2006. It was a Friday. Rumours were circulating of big stop orders on the current T-Bond market price and the big players were going to go after them. All I had to do was jump in and get involved too. The information was solid, they DID...
Let me show you how to make economic data work for you… Even if the thought of all those dull statistics makes you feel like nodding off to sleep! First things first, would you agree that to make money as a trader you must have an opinion, that you need to...
So last week we looked at the 7 ‘meta-habits’ I believe are essential for effective trading. They were: 1) Respecting that the market is never wrong 2) Trading for consistency instead of accuracy 3) Keeping your expectations realistic 4) Sticking at it! 5)...
Well, I finally took the plunge… After being pestered to death by my two boys I bought a laptop for them to do their homework on… Of course, this can be roughly translated into boy-speak as “play as many games as we can get away with and do a bit of homework...
Back in the early eighties, when I was around 8 or 9 years old, we lived a few miles away from a town called Northwich that had a huge chemical works at its centre. It was actually the birthplace of the Brunner Mond company, which later became Imperial Chemical...
Let’s be honest, it’s so tempting to stay focused on finding entry points for trades… But how much time do you spend considering your management of open positions? It’s a weird one because the management of your trades is where you’ll...
It was like time travelling into the past… One of my boys enrolled into the local Cub Scouts pack last night and I went to watch the ceremony. The Cubs chanted as the flag was hoisted (“A-ke-la, we will-do-our-best”). And they made the same promise to do their duty to...
If you’ve been reading my stuff for a while, you’ve probably heard me talk about the five essential parts of a well-rounded trading strategy. They are: what to trade, when to enter a trade, when to exit a winning trade, when to exit a losing trade, and...
You know the first thing that gave me good, reliable trading results? It was looking for a simple candlestick pattern: the bullish and bearish ‘engulfing’ pattern. Of course, this only came along once I’d been through the mill a bit… I’d fallen prey to trading various...
What do you see when you look at a trading chart? ‘Price’ will almost certainly be there. ‘Time’ may or may not make an appearance (depending on which kind of chart you’re using) and there may also be your own personal selection of indicators and studies. But have you...
When newer traders make their way to the Metatrader platform for the first time it’s easy to become overwhelmed by the range of options on the MT4 order ticket. “Surely it should only be a button for buy and a button for sell, shouldn’t it? Why am I seeing...
Controlling your emotions – that’s all successful trading boils down to… “Fight greed. Overcome fears of pulling the trigger on trades. Adjust your position size until you sleep easy at night…” They are all great pieces of advice. But have you ever stopped...
In the early 1900s, a wealthy grain trader lay on his deathbed. He’d lost his wife many decades earlier and had since dedicated himself to his three children. The children led lives of privilege. They’d been sent to the best schools and never wanted for a...
Two groups file into a room… Eyeing each other they settle into private booths. They’re about to do battle. To the left we have the psychopaths: the hooligans, the violent serial offenders, and worse. And to the right we have the financial traders. To win this game of...
I’ve been working with a new coaching student this week. We’re just getting into the swing of things – he sends me details of the trades that he made following the methodology I share in the Forex Breakthrough Academy and I give him my feedback. And...
