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By far, one of the most common questions I get these days is how to trade supply and demand. Even though the concept is essential to how free markets operate, it has gotten a lot more popular as the basis for trading strategies in recent years. And it makes sense! Using supply and demand as […]
What I’ve been reading and listening to in the trading and finance space: House Money and the Break-even Effect: Imagine that you are attending a convention in Las Vegas, and you walk into a casino. While passing the slot machines, you put a quarter into one machine and, surprisingly, you win $100. Now what? Will […]
What I’ve been reading in the trading and finance space: The Millionth-Of-A-Second Advantage: Traders’ quest for the slimmest sliver of advantage is as old as markets. In the 19th century, Reuters used carrier pigeons to speed the delivery of stock prices. More recently, Chicago pit traders donned platform shoes so they could see and be […]
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 […]