3 ways to use Volume for high-probability trading

3 ways to use Volume for high-probability trading

I must admit, I’ve got a bit of a soft spot for volume. You might have heard me talk about it before. It tends to be followed more closely by futures and stock traders than Forex traders, and it has a certain sentimental appeal to it. Traders like Jesse...
7 keys to winning the mental game of trading

7 keys to winning the mental game of trading

I was flicking through an old trading journal of mine the other day. It’s a bit tattered around the edges but when I look at them now, I can see that those pages contain absolute pearls of wisdom. At the time, I was still desperately trying to figure things out....
The wonky 3-legged stool of trading

The wonky 3-legged stool of trading

I’ve been doing some work on trading Mindset this week. It’s for the ‘Campaign Management’ module of my new strategy (more on that to come in a minute). Now traders typically put all their energy and effort into ‘Method.’ You know...
How to swerve ‘toxic trading’ temptations

How to swerve ‘toxic trading’ temptations

Do you know one of the single biggest problems traders face? You might not agree at first glance because it actually sounds like a BENEFIT rather than a potential threat. But it’s been the ruin of many a trader over the years. And it’s a particular threat...
Arrgh! 90% drawdown, what now? *starts crying*

Arrgh! 90% drawdown, what now? *starts crying*

Remember last week I told you about a strategy that had been making 7% per day? Well, it was until it grew to a size too ‘unwieldy.’ And the trader’s own orders began moving the market against them costing valuable pips on both entry and exit. And do...
See why ‘tactical’ strategies choke and die

See why ‘tactical’ strategies choke and die

Imagine: you’ve spent weeks, months even, developing a trading strategy. Your back-testing is complete. And on paper this strategy has the potential to make an eye-popping 7% return on account per day. Yes, 7% return on account PER DAY! That’s not 7% per...
The indisputable top-priority for traders

The indisputable top-priority for traders

You never really know what the market will serve up next. Will it be a profit or will it be a losing trade? Consistent profits actually come from a random pattern of winning trades and losing trades. It’s only when you’ve got a proven system in place you’ll have...
A System V Strategy Death Match

A System V Strategy Death Match

A question comes in from a TN reader: ‘Aren’t you contradicting yourself when you’re dissing off the peg “forex systems” at the very same time you’re promoting the use of them?’ It’s a fair point, and one that probably...
The 5 essentials of ‘unshakable’ trading

The 5 essentials of ‘unshakable’ trading

Happy New Year! I hope you and your family had a happy festive period and didn’t overindulge too much. Anyway, the markets are back in action, and the brokers returned to full and normal hours this week, so it’s back to business… Now, the big thing...
This will NOT suit show-offs

This will NOT suit show-offs

Here’s a question I get asked on a regular basis: How can I fit trading in around my job and still make consistent profits without having to check charts during the day? The good news is there are loads of ways! The trick of course is finding the way that has...
3 ways to avoid weekend market carnage

3 ways to avoid weekend market carnage

A question comes in from a worried Trader’s Nest reader… “I’ve got this trade that’s well in profit. My usual strategy is to trail the stop loss so I can lock in some of the profits and then give the trade a chance to turn into a long-term one....
3 ways to use Moving Average Envelopes

3 ways to use Moving Average Envelopes

The trend is your friend (well, until it bends at the end). Cheeky, I know! But I’m only poking a bit of light-hearted fun here. 9.76 times out of 10 following the trend is EXACTLY what you should do. But… isn’t it a thrill when you DO nail a...
5 signs you are a ‘punter’ not a trader

5 signs you are a ‘punter’ not a trader

You know, there’s a fine line between trading and gambling. One way has you flying by the seat of your pants. The other has you operating with cool calculated professionalism. But to all intents and purposes the exact same actions are taken either way. So how on...
The deadly dangers of ‘Pip-thinking’

The deadly dangers of ‘Pip-thinking’

Sometimes, traders come to me with a glaring gap in their strategy. One common oversight can be the thing getting in the way of good results. It’s this… Many traders think of their trade results ONLY in terms of pips won or lost. Nothing wrong with that...
7 trading demons that will steal your soul

7 trading demons that will steal your soul

It’s Halloween tomorrow. So we’re off on a journey into the ‘dark underworld’ of trading… There are many ways to complicate the trading process and mess things up. And I wanted to get them all laid out in the open today. To beat these trading demons...
What to do if ESMA killed your system

What to do if ESMA killed your system

I’ve had emails from traders at their wit’s end. The new ESMA regulations have pretty much put them out of business. At least, as far as trading in their ‘old ways’ goes. Personally, I don’t think ESMA is a big deal. At least not for...
Death of the DIY trader?

Death of the DIY trader?

I detect a whiff of panic… All these emails I’ve been receiving about the new ESMA regulations. Honestly, you’d think the world was coming to an end or something. And I don’t mean emails I’ve been receiving from TN readers – most of...