As well as pointing you towards trading strategies that are doing well, I also like to look at ways in which you can develop and adapt your own ideas in order to perfect your trading strategy. We’ve looked at lots of technical analysis that can help you with set-ups....
It’s a lament I often hear about trading strategies: It was doing just fine, then suddenly it stopped working. The conclusion many traders draw from this is that: The trading strategy must have been fundamentally flawed in the first place. The truth is actually...
The markets are constantly in flux – and the rulebook is always under revision. But the past couple of years have seen more change than most. If you’re new to forex, you may not find this information in the standard books and guides (unless they’ve been updated very...
Having your cake and eating it The technique I’m going to talk about today is called taking partial profits. And it’s a great way to deal with the “Should I? Shouldn’t I?” feeling that we all get when we’re nearing our profit targets. How the partial profits method...
The global markets are in a very uncomfortable place. They jump on every rumour leaked from the Eurozone, be it what George Papandreou ate for breakfast, the colour of Nicolas Sarkozy’s socks, or the smirk on Angela Merkel’s lips. If you’ve grown tired of trying to...
What is “the 1 percent rule”? It claims that in online communities, 1% of users are creators… 9% of users are occasional contributors… and 90% of users are “lurkers” who never contribute. I’d probably have to place myself in the 9% (I don’t send out a tweet every time...
Most of us struggle to know which trading strategies to stick with, and which to abandon… which indicators are worth keeping and which we should be discarding… If you’ve ever watched an animal collecting material for a nest, you’ll have seen how they know exactly what...
Since the markets jumped off a cliff back at the beginning of August, most of the major indices have been jittering about in a wide sideways range. For the FTSE, the upper boundary of this range has been marked by the 5450 level, with plenty of activity below this...
“Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life. Because almost everything – all external expectations, all pride, all fear of embarrassment or failure – these...
The sad truth is that most forex trading robots are developed by people who have no clue about trading or system development, hoping to hook people in more with the idea of what robots could do rather than what the software’s results actually are in reality. I’m not...
As 2010 draws to a close, all eyes are looking for the “next big story” for the coming year. And you’re unlikely hear market analysts making predications for 2011 without the mention of “commodities”. Commodities are pretty much any...
If you wanted a great example of how hard it is to trade fundamentals, you could have watched the value of the pound between 12 and 2pm on Wednesday, as George Osborne stood up to deliver the most important budgetary announcement this country has seen since the Second...
Last Friday, for various reasons, I wasn’t able to watch the England game against Algeria. However, it wasn’t long before I realized that I’d been spared an exquisite torture. Shouting at the TV screen during a footie match is a frustrating pastime...
Germany are in charge and working hard to highlight the how inclusive they can be towards the rest of Europe. But they haven’t done enough to save the tragic Greek act. Greece are about to go out … … can Cyprus save them? Will Portugual be next?...
In a bid to rid myself of the aches and pains of old age, last week I tried out a yoga class. I was fully expecting to be the only man in the room, and I was ready for the screaming pain of being forced to stretch out hamstrings that have been contracted by years of...
Recent price data can show you the future… Okay, it’s a bold claim. But I can show you how to use recent price data to find some pretty good clues about where prices may be heading. There are a lot of good things about being in a long-term trending market. However, in...
I haven’t yet turned the central heating on and my kids are already whipped up into a frenzy about Christmas. My 6-year-old, who usually has to be bribed to pick up a book, has turned into an avid reader of the Argos catalogue, helpfully adding a yellow Post-it...
If we’re looking for answers, and the prices don’t seem to make any sense – most traders turn to a strategy. This can give clear signals – based on price action, without factoring all the will-they, won’t-they worries that we really can’t predict. The right trading...
It’s teeth-pulling time for the Eurozone economy… And I really don’t know how much longer they can carry on numbing the pain with handouts, rather than dealing with the uncomfortable issue at hand. The Eurozone economy and the balance of power In 1923, following the...
The USD/CHF has been such a god-send to forex traders over the past year. While everyone else has been up and down like a fiddler’s elbow, USD/CHF has been trading in a nice, steady downward channel. Loads of opportunities to sell on each retracement. This kind...
In recent months I’ve been working with planners over a building plot. Anyone who’s ever had to deal with local planning authorities will know what I’m talking about … You look back over what’s been approved in the past, you collect all...
Later today, I’ll be turning off the computer, picking the kids up from school, and joining the A303 in search of some half-term sunshine… I have a suspicion that I won’t be alone. In fact, it’s not just every Brit who’ll be on the roads...
The doji candle and market reversal Back in July, just before the markets fell off a cliff, Market Maven looked at three signs that can warn us of a market reversal. You can find the original article here. 3 Warning Signs of a Market Reversal The first was a change in...
Last time I talked about how it feels when our trading strategy goes through a period of draw down. And I talked about the importance of sitting tight and sticking with a system. It’s not a good idea to be constantly chopping and changing the parameters of your...
