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OK, so I’ve touched on the Commitments of Traders (COT) report several times now, most recently here. I’ve said a few times, I think the COT is gold dust for traders if you can pick out the useful bits. But as you’ll see in a minute, it’s pretty ugly to look at. You just need [...]
Identifying a trend will help your trading dramatically. However, if you can take the next step and put the trend in to context you will increase your strike rate instantly…
You wouldn’t buy a car if it doesn’t offer good value. And by the same logic, neither should you buy a currency if it doesn’t offer good value…
Pin bars are formed when price ‘rejects’ a strong move in one direction to reverse in the opposite direction. And the beauty of them is that they can highlight two things…
Pros spot their mistakes quite quickly and revert to their pattern. And often they find something else to do on these ‘down days’, as I call them…
I suspect there are three things that I use that some readers aren’t doing yet. Or at least they’re not doing properly yet. Get these going and I’m convinced you can improve your trading success…
Knowing the different types of trader and understanding your strengths and weaknesses should allow you to understand where you ought to be focusing your energy…
Over trading can kill your performance. I always give new forex traders two simple rules to combat the urge to over trade and I want to share them with you today.