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Last week, I tweeted what I see as my trade entry process. This was the tweet: For every trade, I structure my process from 1 to 6. Each step isn’t possible without the previous one. Anytime, certain price action can invalidate the entire setup and make me abandon it. 1. Analysis 2. Directional bias […]
If you ask me how much pips I made last month, I will tell you I don’t know. But I will know my R-multiple of last month: a 6.1R profit. This R number often results in confused looks. What does R stand for? In order to figure this out, we need to take a step […]
Imagine the following scenario: you’re starting the year, completely motivated. This is going to be YOUR trading year! This is the year where you will make it happen. When you look at your trading, a few things need to be fixed, though. You know you should start a trading journal. You need to stop […]
This article is part of a series. Here are the other parts: Part 1: MT4 EA Forex Course: Intro Part 2: MT4 EA Forex Course: our first forex expert advisor Part 3: MT4 EA Forex Course: trailing stops Part 4: MT4 EA Forex Course: buy and sell Part 5: MT4 EA Forex Course: ATR stops and position […]
Hi there, traders! Last week was a bit slower than usual. Friday was basically a day off due to Good Friday holiday and most of the setups played out on the 4H and daily timeframes. This made for a more relaxing trading week and even though the number of setups that materialized was a […]
As a swing trader, I’m traditionally trading setups on timeframes like 1H, 4H and daily. In the past couple of months, however, I’ve changed my approach a little and will often trade other time frames such as 2H or 8H too. My Trade Advisor members have seen and used these custom timeframe setups to their advantage many […]