I did some more thinking over the weekend - mostly about losing trades and how the mess with our heads!
I recorded the video below if you fancy checking out my thought process! Enjoy!
Hey Guys, Happy Monday!
Just to keep you in the loop - one of the pairs I'm interested in at the moment is EURGBP.
This is the monthly chart, so we have to be patient.
But the chart is showing a long wick reversal, followed by a strong reversal, followed by another long wick reversal candle...
Final video on our January series on Risk Management guys, you can check it out below if you fancy it!
We speak about "Trader's Ruin", look at an interesting academic studies about it, and see if we can do anything to avoid it.
Enjoy, any comments welcome!
Nigel
Hi all,
I came across a really interesting test recently which I think might be of interest to some you.
It's very simple, but the implications for your trading could be profound. Put it this way, you could learn a lot about the sustainability of your trading style by taking it and seeing...
Hello there Traders!
Check out the latest video below.
We are starting to see some weakness in the NZDUSD pair now (finally!)
Hopefully you can see how we can stack the overall odds in our favour by limiting our exposure if price moves against us, but making sure we squeeze every last pip...
Hello Traders,
After a lot of false starts, it looks like we might have got a good potential low risk/high reward position in play on NZDUSD.
This hasn't been a straightforward trading setup but the complexity makes for a good learning example. If you can trade around NZDUSD lately, you can...
I posted a new video over the weekend guys - I'm still stalking NZDUSD to the short side.
Any questions let me know!
--Every Trend Has To Start Somewhere--
Take it easy, Nigel
Funny you should ask Price Action Pro, I just did one yesterday!
Here it is:
I think we might be coming into a nice sell zone on NZDUSD. Obviously we can't know for certain whether price will turn around here or not, but if it does, there could be some very nice risk v reward to be had...
Couple of new videos for you here guys - enjoy!
Here's Why Your Trading Is Driving You Mad Right Now
How Persistence Pays In Forex Trading: A Real Life Example
Hi there Gary,
Yes, I know exactly what you mean - sometimes candle charts can be a little messy. As you say, they can have spikes and false breaks and that can make them a little hard to read. Yes, if you want to take a step back and see the big picture, there is nothing better than a line...
Thanks Gary - yes you are absolutely correct - I have tried my best to look over the shoulder of many traders over the years, and there are definitely commonalities between profitable strategies and approaches. Sensible money-management and asymmetric risk v reward are the two things that I come...
Hi Guys, I did a pretty comprehensive review video over the weekend - thought I would share it with you here too. In the video I look at a fantastic losing trade in EURGBP, undertake a review of current open positions in USDJPY, EURJPY, AUDJPY, EURAUD and take a look to see if there are any good...
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