Candlestick Patterns – Candle Addition and Development
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EMAIL QUESTION: Do you ever use a limit order to trigger into a trade? I've been trying to use limit orders when the market is in a trading range, selling at the top, buying at the bottom. If this is a fools game could you please set me straight with an explanation of why this…
What is Market Replay?
Recent articles on my session review process mentioned the use of a market replay feature. I’ve been asked for some information on this tool. Not surprising really – it’s something that most forex traders will not have experienced. Market replay is a feature that has appeared on many futures platforms in recent years. It allows…
Asian Session False Breakout
Wednesday’s price action (3 Nov 2010) in the GBP/USD provided a good reminder of the importance of being aware of the key market structure and timeframe influences that exist in our markets. In forex, one of the most obvious features is the typically narrow range Asian Session. (See here for a related article on the…
Stopped Out… But The Premise Remains Valid!
The recent Winning Through Losing Better series talked, amongst other topics, about the importance of pre-acceptance of risk. In particular the following: Pre-acceptance of trade risk means that I'm not overly concerned with the monetary loss and can keep my focus on the process of analysis and effective decision making. My focus remains on process,…
Success Depends upon How Well You Manage the Crap
I promise you this… Not every trade will go according to plan. Not every trading session will go according to plan. You will have to deal with a LOT of crap outcomes in this business. And your success DEPENDS upon how well you manage that crap. The market is opening… and I REALLY LIKE…