Fibonacci levels are just a tool and like any tool and any type of trading system, the usefulness depends on the user and the rules they follow in their application. You have probably heard that the main knock of Fibonacci levels is: “place a bunch of Fibonacci retracements and extensions on... Read more… read more
The auction in any market is straightforward: There are two types of market participant- buyers and sellers The degree to which these buyers and sellers are motivated by current price or market behavior Yes, there are lots of nuances to complicate things but the fundamentally important factors are straight forward.... Read more… read more
Whenever you take a trade, you should be looking to profit from certain market behavior: a reaction to a level market momentum break out trailing your stop looking for bigger gains. Prices set the limits of our risk and potential profits, but at what point does the market behavior no... Read more… read more
Every trader needs an exit strategy thought out before they actually enter on their trading setups. For day trades, even an “exit before market close”, while basic, still has you with a plan for ending the trade. Without a trading exit being part of your overall trading strategy, you are... Read more… read more
“Make sure you put in the screen time”. That is something you hear often when reading information about becoming a successful trader. It is hard to argue with it taking time to become effective at most things and trading is no different. What is more important than simply screen time,... Read more… read more
Winning trading plans are the secret to successful trading and our trading of the Crude Oil Inventory Report Live Session proves that to be true. Again, our day trading plan and strategy posted another efficient winner. What was interesting about this session was how lucky we were that our full... Read more… read more
The desire to reach a level where you’re making money on a consistent basis in trading can be a frustrating and often disheartening business. There’s a certain stage in a trader’s career where they know quite a bit about the markets, how markets move, and can see the intent in... Read more… read more
We’ve seen many traders come and go through the two plus decades that Netpicks has been in the business of helping traders succeed. Whether they were great traders from the start or could not grasp this business, throughout that mix we’ve seen many who have experienced some degree of trading... Read more… read more
Achieving success at anything in life is about planning. But it’s about more than just writing down a list of things you’ll do and never get to actually doing them. It’s about envisioning success and the behaviors which are likely to lead long term objectives being met. Most things in... Read more… read more
Our best day trading blueprint for success has to be our Crude Oil Inventory Report trade that we do each Wednesday. Whether you use Counter Punch Trader as is the case with this video, or Spotlight Power Trader which works equally as well, the point is that this approach can... Read more… read more
