A Good Review of Trading Mistakes is an important part of the trading experience. It helps to understand what is wrong and why. Then it is a good way to improve the trading practice and make money better than before. May 1, 2015 GBPUSD moved down from 1.5396 to 1.5114, enough quickly. I was late, I was sleeping, […]
Price Action
Cup Handle. How to trade the Convergence to the Break Out?
Cup and Handle (better known as Cup Handle or Cup with Handle) is a Price Action Pattern that shows a convergence curve to a specific level and a relative retracing back before to break the level. The specific level of the convergence is a key level where the selling pressure becomes relevant. This can generate a […]
Choppy Charts. Why don’t Force a Trade – $USDJPY $EURUSD
Choppy Charts are difficult to trade. The best thing is just to stay away. When a chart is not clear and you are looking for an opportunity to trade a Great Trader knows that it is the time to wait and to spend his time on other things. The big risk that occurs when you […]
Break Even and Break Out. How to Anticipate them – $EURUSD $USDJPY
Anticipate the Break Even or Break Out of a key level can be a great opportunity, but it gives a high risk to be squeezed. Then when the trade does not go as you expected to stop it. Rule 1: Cut the Losses quickly If you trade stocks, following the news, confirmed by the price moving, you know if […]
Cut Losses Quickly and wait the Right Pattern to trade
This $SPX500 is risky as always and to beat the wrong trades the key is the patience to wait a real breaking of key levels. Be squeezed is very easy when you don’t follow very well the chart. One trade squeezed is ok, but 2 or 3 before to get the good one that we are waiting bring our day […]
Price Action Patterns, a solid base to be a Great Trader – $SPX500 $USDJPY
if you have learned and if you follow a Good Mentor, understand the Price Action Patterns is very easy. In the same way, define the Risk Reward is easy if you have in mind a specific plan that respect the pattern. Instead, the most difficult thing, and this depends only from you, is just be able to trigger […]
