This category consist of price action trading related blog posts.
You can’t trade support and resistance successfully if you don’t know how to draw them. You first need to learn how to draw support and resistance levels correctly before you should be thinking of trading it. A lot of new traders find it difficult to draw these levels. They make the mistake of drawing lines …
3 precise steps you need to draw accurate support and resistance levels. Read More »
If you have a good understanding of how support and resistance works, your trading results will become excellent. A trader cannot be successful without support and resistance, whether you trade currencies, stocks, commodities or any other financial instrument. Support and resistance trading is a strategy that is been implemented by millions of traders all over …
What is support and resistance and its challenges in the forex and futures market. Read More »
Trade like a casino. A guy named Tom was having a winning streak on a gaming table in a casino. His friend advised him you have benefited enough from your initial bet ($50,000), please collect your winnings, let’s leave. Tom refused, he wanted to stake more. The energy was high around the table, the drinks, …
Top 5 reasons you are loosing to the market makers. Read More »
Fred had just registered for driving lessons. He was to start on a Monday, the following week. The first week he learnt about the control panel of a car. The second week he would be moving on the road. He wasn’t that excited because driving didn’t seem like a big deal to him. Everyone drives, …
Risk is everywhere. When you drive to work every morning or you take a flight or you take a bus to a certain destination. There is this risk of mechanical failure. A house can be destroyed by natural disaster. A business can collapse. But we can manage them by taking precautionary measures. These risks can …
Risk management: How to perform position sizing in forex and futures market Read More »
“As to methods, there may be a million, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble.” RALPH WALDO EMERSON, POET AND ESSAYIST I used to trade only on the 1 hour and 4 hour time frame. …
Does price action trading work on the minutes timeframe. Read More »
A good price action trader is like someone who is good with the sniper. It was already a bad day. Fred’s business partner was unable to deliver. His supplies were delayed by the shipping company. There ship was experiencing some technical casualties. His phone rang by 9:00pm He starred at his phone. It was an …
The hardest part of profiting from the financial market is predicting the right direction of price. The ability to trade profitably and confidently requires good understanding of market behavior. If only that were to be easy, everybody will make a fortune from trading the markets. Trading is a probability game. To profit, the possible outcomes need …
The marketplace is a battlefield, a war between buyers and sellers. Sometimes the buyers win, sometimes the sellers win. But most times they are of equal strengths, there is no winner or loser. I’m referring to a consolidating market. In war books, war documentaries and movies, the generals or warlords are constantly planning on how …
Breakout strategy: 3 expert ways successful traders avoid false break out. Read More »
When I first got started with trading financial instruments. I admired trend traders a lot. I wanted to trade the trending markets. But I always got confused what time-frame to trade. I switched from weekly to daily time-frame to 5-minute time-frame. I move around the hourly to minutes time-frame. The inability to decide which timeframe …
What is the best time-frame to trade trending markets without second guessing. Read More »
