Tuesday, August 20, 2019
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Strategies, guides, analysis tools and more for the experienced, advanced level Forex trader.

Trader’s Mindset, Why is it Important?

Things to do before entering a trade Not to have an attachment to a trade  The best traders never have an emotional attachment to an idea....

What is greed? and how greed will affect your trading

What is greed? Greed is an intense desire for something. This is high, especially for wealth. There’s no greed when we do not have any...

Different Types of Fear in Trading

What is fear? According to Dictionary definition, fear is a “distressing emotion aroused by impending danger, evil, pain etc.  or the condition of being afraid.”...

What are the biological consequences of stress and how your body...

There are many life situations which lead to stress. In trading, it is the market conditions the cause of stress. Whatever the reason might...

The Significance of Stress in Trading

When one reads books on trading and psychology, it is sure to have come across stress in trading. Famous trader W.D. Gann says that...

How to Protect Yourself from the Threat of Trading?

By now, you would have understood the psychological consequences of risking. Now we will see how to reduce risk while making bigger profits. Minimizing risk...

The Importance and Steps of Self-Evaluation in Trading

It is granted that you will come across psychological issues when you are planning a trade or in any other business development. Instead of...

What Is A Loss-Trap and Why Is It Important To...

Introduction You are allowed to take risk only if you thoroughly understand risk. Since there are so many parameters involved, it is not easy to...

The Major Tasks of Trading that you Should do Everyday

To be successful in trading, you need to perform all the tasks that are a part of a successful mindset. We present to you...

The Psychology of Risk Taking

It is a natural habit among non-professional traders to hang on to their losses and watch them grow. They are lured by fantastic profits...

Top Psychological Practices An Aspiring Professional Trader Should Master!

Introduction Most traders have certain fundamental psychological issues. They arise from the experience of the first five years of life. For example, the problem might...

GBPNZD – An Example of the Relationship Between Price and Time

This week the oceanic cross GBPNZD gains 0.78%. The bullish movement makes us expect fresh highs for the following trading sessions. The relationship between price...

Mastering Emotions – The Crux Of Being A Successful Trader

Introduction What comes to your mind when you think of trading? I'm sure that the majority of you would be thinking about buying, selling, technical...

How to Trade Crude Oil Using Correlations

In previous articles, we have talked about correlations, and we saw the direct relationship between Crude Oil and Gasoline. In this post, we will...

Elliott Wave Principle and News about Job Cuts

R.N. Elliott in his work Nature's Law, comments "The news fits the market and not the market to the news." Elliott adds "to the...

Trade The Divergence Like An Expert Price Action Trader

A newer version of this article will be available soon. Stay tuned.

Silver and Gold – An example of Correlation and Divergence

In a previous post, we introduced two key concepts from the Elliott Wave Analysis, correlation and divergence. In this post, we'll apply these two...

Gold – Watching Out Its Ascending Channel

The golden metal reached the highest level since 2013, surpassing the $1,400 level. In this post, we'll review what to expect for Gold in...

Watch Out These Confluence Zones in The NZDUSD Cross

In this educational post, we'll introduce the confluence concept. After this, we'll apply to analyse the NZDUSD cross. The confluence concept A confluence is a convergence...

Understanding Motive Waves – Part II – Extensions

In our previous post, we discussed the fifth wave and its importance in the Elliott Wave Theory. In this educational post, we'll review the...

EURGBP – An example of a speedy market!

Sometimes the price moves at high speed which doesn't allow to analyse or to enter in this market. R.N. Elliott in his Treatise "The...

Understanding Motive Waves – Part I – The Fifth Wave

The motive wave is the most profitable movement because it is the trend's direction. Elliott, in his Treatise "The Wave Principle," give special attention...

The Nature of Risk and Opportunity

The Nature of risk and opportunity To help us in the task of exploring and finding a sound trading system, we’ll examine the features of...

A stock company can predict the next path of Bitcoin?

Bitcoin, the most traded cryptocurrency and a stock company, what have in common? In this educational post, we'll apply two concepts, divergence and correlation,...

A Lesson from a Failed Breakout

In this article, we are going to demonstrate a recent breakout on EUROUSD which failed. The price was going down by obeying a down...

Understanding Corrective Waves – Part IV – Combinations

In this four-part series, we'll expand the complex corrective sequence concept. In particular, we'll present here a different corrective pattern combination. The double and triple...

Designing a Trading System: The Backtester and the Data

The Environment Developing a trading system nowadays involves some kind of developing platform able to backtest and optimise the parameters of the strategy in hand. There...

Understanding Corrective Waves – Part III – Strength and Complexity

In our previous posts, we presented the alternation principle, different simple corrective structures. Also, we showed different trading setups for each corrective pattern. In...

Designing a Trading System: Trading Ideas

  Introduction The figure on the left shows our proposed flowchart of the steps needed in the design of a trading system Click on it to...

Designing a Trading System – Find the Critical Key Factors to...

Critical Features for a Perfect System Systems are things that work by themselves. Van K. Tharp defined in reference to how McDonald's business works says: A...

Understanding Corrective Waves – Part II – Triangles and Trading Setups

In our previous post, we presented the first part of corrective waves. We discussed three basic corrective structures: zigzag, flat, and irregular. We also...

Wave Projection Forecasts Using Cynthia Kase’s Methods

It's tough to make predictions, especially about the future. Yogi Berra Cynthia Kase and Forecasting This is our second article in which we discuss Cynthia Kase’s excellent...

Understanding the Corrective Waves is Key to Succeed

In this post, we'll talk about the basic concepts of corrective waves. The importance of corrective structures comes from the fact that price consolidates...

Explaining the Statistical Information of the MT4 Strategy Tester

The Trading Simulator A good Trading Platform always includes a Trading Simulator that takes a trading system's rules and, applying them, calculates simulated paper-trades in...

Easy Guide to Wave Terminology and Labelling

In previous posts, we identified waves following the criteria commented in our post "Waves in Financial Markets." This approach allows us to have a...

How to Use Channels to Identify Waves

To differentiate a market movement is necessary to segregate the different waves. The price channelling allows us to identify each wave while the market...

Waves In The Financial Markets

In our previous post, we talked about the laws that govern nature and how observation and experience allow making predictions. We also comment that...

Understanding the Nature of the Wave

The Elliott Wave theory is a popular method currently applied to the analysis of the financial markets. In this articles series, we will explain...

What you should know about Statistics as a trader (and you...

  Deterministic and Random Processes Intuitively we can distinguish between a deterministic event and a random one. A Deterministic event is a process whose development we...

Position Size, Risk and Returns

Introducing the R concept When trading on the Forex markets, we are living in a world of leveraged instruments. Therefore our potential to control asset...

Risk Management, Pip Risk, and Pip Profit

What do we mean by Risk Management? Risk management is the part of the trading strategy that deals with how much risk are we willing...

The Trading System Basics I

  Automated versus discretionary The Discretionary trader People always get into the Forex market and start trading with no system at all.  They approach the markets applying...