I had another 2 Binary positions close yesterday.  Both on the NASDAQ.  As always lets cut straight to the chart. NASDAQ – WEEKLY The NASDAQ has been on a bullish tear north for the first 13 weeks of 2012.  It was simply unstoppable and trying to short it would have been futile (not that I [...]

Here’s an elegant piece from Brian Lunds blog on StockTwits.  He describes some simple rule for trading a reversal hammer.  Many of the rules fit my own style of trading this price action pattern. http://bclund.com/2012/05/07/5-rules-for-trading-a-reversal-hammer/ Brian’s blog is a good read so you may want to sign-up to his posts. Enjoy Paul

I’ve mentioned that I had a few longer-term Binary Positions that are running and I thought I’d update you on a position that closed out last night. After many years in decline the USDJPY trend broke with a strong move north from the end of January.  People far smarter than I can explain why it [...]

Many of you will have heard me evangelise (or maybe drone on, depending upon your view-point) about the work of Atul Gawande for 18 months or so.  In particular his book the Checklist Manifesto is an excellent read and is immensely relevant to traders.  I think its a fascinating book and I suggest it to all my clients to [...]

Yep, I know I’ve been a bit lax on the blog posting, There’s been other trading committment going on. So I figured I would get back in to it but posting a snapshot of GBP.  Take a look, any thoughts or opinions welcome. Trade Well. FXTraderPaul

Hello fellow traders, I hope you’re all trading well during these first few weeks of January 2012. You may or may not be aware that I’ve been writing a monthly article for Traders’ Magazine on What Type Of Trader Are You? This month’s article is on the difference between Greed Based Traders vs. Fear Based [...]

I’ve mentioned Peter Brandt’s writings before here on my blog.  Whilst I don’t trade like him there’s always some excellent advice & anecdotes on his blog that are suitable for traders regardless of their experience. In this post Peter talks about how his firm keep excellent records (a personal hobby-horse of mine as regular readers [...]

Here’s a blog post written by Tom Willard about Maxwell Maltz, Psycho-Cybernetics and trading. For those who’ve never heard of Maxwell Maltz and psycho-cybernetics I would heartily recommend all traders take the time to read and digest the book. (You can pick up a copy of the book here should you wish to read more.) [...]

Hey traders, Here’s a blog piece by Tony Schwartz on the Harvard Business Review Blog Network on how to accomplish more by doing less. Not surprisingly if you sit at your desk from 7am till 10pm you are likely to reach a point of diminishing returns more quickly than if you work in 90 minute [...]

Hello fellow traders from Co Louth, Ireland where I find myself this week with my family. Its been an interesting week to hear the Irish Governments Budget and their austerity plans (and the people’s reaction) in the context of the Friday 9th Euro Summit and all that it holds.  It’s also been interesting to hear [...]