Continuing my series to determine what type of trader you are here  is an article on trading styles. I have a belief that trading strategies come down to two simple variations. Either: a.  A bounce off a line of support or resistance, or  b. A break of a line of support or resistance. Some may say […]

We have all heard about using Physical Stop Losses in the markets to avoid the chance of financial catastrophe, but how many have heard or use a Psychological Stop on their trading? For me there is no trading for me at the moment as I am packing up and moving house.  So I have placed […]

Oh well another early start followed by another early morning break out opportunity for me on GBPUSD. As you can see at Point 1 I was offered a breakout opportunity which broke strongly not long after setting. Once again I was concerned that we were near a Big Round Number and also the 4 hour […]

I bet you never thought that you’d hear a Coach say that Goals can hurt performance?  Well it’s true. You will have all read about how goals can focus your attention, provide direction, deliver encouragment and develop persistence amongst other attributes. And that’s all very true. However if goals are pitched at the wrong level […]

So after spending last week avoiding the snow and cold this week I would start to move through the gears on my trading. Early start of 0545 and there was a 6am set-up for me.  Looked to trade the break in the direction of the trend.  Trade was placed to go long at 1.6104.  I […]

Easing myself back into trading after the winter break.  This morning was an early start looking for opportunities from 0540. When price formed a low point at point 1 I placed an order to go short below that level.  I placed my order to go short at 1.5947 ( 5 points below the low) with […]

Welcome to 2010 fellow Traders!  I’ve taken a couple of weeks break and not even looked at charts during this period. However that does not mean that I can still not work on improving my trading.  This is a great time to reflect on 2009 and plan for greater success in 2010.  With the help […]