Many people use indicators to give them buy and sell signals. Some may even go as far as buying software that gives them green-light/red-light trading indicators (does anyone remember Wizetrade?). Buying this crap will NOT make you a consistently profitable trader!
Successful traders use their indicators, price action, and an open-minded vision of the [...]
This afternoon, my buddy and I were talking about the Forex markets. We were looking at the EUR/USD pair and noticed a nice head and shoulders pattern. I explained that we would be looking for a pull back to a retracement area that would line up with resistance on our MACD BB indicator. [...]
I expected today to be a little slow with it being Columbus day. Even so, I was able to make a nice 6 points. This pales in comparison to a few of the days last week, but that makes no difference. All I’m concerned about is taking what the market shows me. [...]
Mike wants to become a profitable trader. After investing several thousands of dollars in his education, he wasn’t sure if it’s possible for him to be successful. He is continuing to focus on his mastery.
Travis wants a long-term relationship. Content for years to be a “lady’s man,” he recently recovered from a life-threatening [...]
What a day! I love roller coasters… especially the ones that pay you to ride them! Today was a perfect example of how “risk management” is so key to successful trading. In my 8 trades today, only 4 of them were winners. Even with a 50% win/loss ratio, I was able [...]
Who says this market sucks? If there was a way to make an incredible income with an extremely short “work day”, would you do it? I sure as heck would…
If you could consistently make 3-5 points a day on the e-mini’s, you’d be a million dollar earner. What if you could [...]
Let’s be real, the ideal job is the one that pays the most with as little time commitment and stress as possible. There are millions of people who go to work every single day, slaving away and hating their jobs! Here are a few questions I ask people who ask if they should [...]
Learning how to take trades on “the edge” or on a “pivot” is crutial in becoming a professional trader. While most traders are waiting for confirmation that an area has already held, we are pinpointing the exact area we anticipate a bounce. According to Bo Yoder, trading on the edge is a very [...]
Imagine there is a bank account that credits your account each morning with $86,400. It carries over no balance from day to day. Every evening the bank deletes whatever part of the balance you failed to use during the day. What would you do? Draw out every cent, of course. Each of us has [...]
Frequently, I face questions regarding automated trading systems, software and other such technological “money-makers” claimed in so many advertisements. Many self-proclaimed trading gurus talk about how they programmed their computer to make them millions. Any claim by a software developer that mentions profitable and automatic trading should immediately put a savvy trader on the back [...]