Last updated on April 20th, 2017
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Kagi charts were developed in the 1870’s in Japan, and many of us in the US first learned about them from Steve Nison in his book Beyond Candlesticks. When we started using Range and Renko Charts with our systems here at NetPicks a while back, we got a lot of… Read more
Last updated on November 4th, 2019 If you’ve ever seen the movie “Trading Places”, you’ve seen how crazy it can be trading in the pits. A lot of yelling, screaming, and hand gestures with everyone trying to get the price they’ve been waiting for. The modern trader of today uses… Read more
Last updated on November 4th, 2019 Are the big swings in this market this week causing doubt as to what trades you should be placing? I have heard from numerous traders just over the last few days that are frustrated with the big volatility that seems to come out of… Read more
When a person first decides they want to be a professional trader, rarely do they ask just how this is likely to happen. Usually they are too busy counting their imaginary money in their imaginary mansion to be concerned by this minor detail! Even in the face of widely available… Read more
Last updated on November 9th, 2019 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… Read more
When you have been trading long enough, the dogma when it comes to trading education becomes obvious. In fact, there are too many courses, books, and trading forum professionals using words like “should”, “must”, as if they are talking about the only path to success. Having a belief that there… Read more
GLD is one of the few ETF’s in this market that has good volatility. As a result, the options are more expensive giving us more opportunity as an options seller rather than a buyer. For this week’s Options Trade Of The Week we are going to take a look at… Read more
Last updated on November 9th, 2019 Do you ever get the feeling that markets are rigged against you? Does it always seem like the market makes the exact opposite move that you are looking for? Why does it seem like the market reverses the very moment you put a trade… Read more
Summer trading is upon us and many times that means slow markets. But just as in life, we can’t get lulled into going through the motions when grinding price action takes over our screens. So let’s have a conversation about how markets can change their behavior very quickly. They can… 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
Last updated on November 8th, 2019 The 50-day moving average is one of the more popular technical indicators used in technical analysis. Like all simple moving averages, there is nothing magical about the 50 day SMA and here is how to calculate it: Add all the closing prices of the… Read more
One of the most popular chart patterns in technical analysis is the triangle pattern. The triangle pattern is considered a consolidation price pattern, generally a continuation pattern, where the range of price gets tighter. This getting tighter is an indication of lower volatility and there will eventually be a resolution from… Read more
Picking your markets to trade can make a huge difference to how profitable your trading strategy is, so it’s important that you have a good method of doing so. If you swing trade, simultaneously day trade multiple markets or if you’re considering a switch in product for your day… Read more
We continue to see markets driven by headlines here this week. Everyone’s focus is on the trade war with China, new tariffs ready to kick in over the weekend, and the Trump tweets that seem to come out every few hours. As a result, markets have been stuck on a… Read more
There are many types of trader personalities but I want to focus on two specific types. Both of these types have the potential to be successful as a trader only if they are able to get out of their own way. You may find yourself as one of these types… Read more
Have you been consistent with risk, position sizing, and keeping your focus on the trading method you have tested and shown to have a positive expectation? There is a very good chance that you have not been consistent and when faced with losing trades, you’ve either switched trading methods repeatedly… Read more
Last updated on December 1st, 2019 While there are many combinations of moving averages, there is none more popular than the golden cross. It does not happen too frequently as there have only been 16 S&P 500 golden crosses in the history of the index prior to the one in… Read more
Moving averages are a technical analysis tool that have been a staple of traders for decades. There are many types of moving averages that all use different formulas and the easiest one to understand is the simple moving average – the SMA. What Is The Simple Moving Average Indicator… Read more
Overthinking and subjectivity can be the downfall of many traders. Searching too hard for a trade or having flexible rules for determining market state is not the road to disciplined and consistency in trading. When I started trading, I had a tendency to over think many things. “If in doubt… Read more
The best way to answer the question “what are Renko charts”, is to describe them as fixed sized bricks that plot on your chart in relation to price movement. They are very different from the common bar chart, Japanese candlestick charts, or Heiken Ashi charts as Renko charts (Renko bricks)… Read more
13 Forex Trading Tips Every New and Experienced Trader Must KnowLast updated on November 7th, 2019 Some of the best Forex trading tips that can lead to trading success are usually the simple ones. Given that Forex market is popular for both experienced and beginning traders, you know there are quite a few tips available for all traders With low… Read more
Are You Ready For When Your Trading Strategy Begins To Fail?Markets and the traders that trade in each market, are constantly in a state of change. No two trades are ever exactly the same and that’s even if we’re looking at the same instrument on the same day in the same market phase. But markets evolve over time as they … Read more
Scale And Trail Your Trading Profits?Last updated on November 7th, 2019 Trade setups and entries are one of the most searched for topics when it comes to trading. What gets missed is the exit strategy you will use to exit your trade for profit or at your stop loss. I have a question for you: “How… Read more
Here Is How to Stop over Trading and Become a WinnerDay trading has the potential to keep you glued to the screen the entire day as you punch in and out of trades. It can actually be addicting as you watch the increase in your trading account – perhaps not so addicting when the losses come. But even with the… Read more
3 Things That Losing Day Trades Can Tell You – Are You Paying Attention?You are going to lose in trading but the trouble is, many traders make the mistake of attempting to avoid losing trades at all cost. Negative trade outcomes are a big part the trading business and for day traders, the fear of loss can paralyze them but they must accept… Read more
Lack Of Confidence Will Kill Your Trading DreamsThe success rate in terms of successful traders, by all accounts, is pretty poor. This has the potential to rip the confidence of anybody thinking of making trading an income producing activity. Trading is a performance sport and just like any performance endeavor, without confidence with what you are doing, you… Read more
90 Second Crude Oil Trade WinLast updated on November 4th, 2019 Another Crude Oil Inventory Report trade and our trading system, Counter Punch Trader, banked us (and our trading room members) a first trade winner with overall exposure time in the market of less than two minutes. This is what successfully trading for living is about – repeating… Read more
3 Principles Of Mindfulness TradingIn a post entitled Take A Break From Your Trading Screen, I touched on the benefits of shutting off your focus and letting her brain take a break. For traders, where the need of intense focus is immense, being able to step back mentally is vital. Up until the last several… Read more
Take A Break From Your Trading ScreenWe’ve all been there where trading consumes us to the point that we are living in front of the computer. “Take a break from trading” is probably something you’ve heard at least once during your trading career. It may not be time spent actually placing trades but learning and back… Read more
Is Your Trading Really Just A Hobby?There are quite a number of trading “cons” floating around the internet and people are rightly concerned about getting sucked into one of them. The Forex market seems to have a high number of “can’t miss” trading systems and the most aggressive marketing While these trading “cons” are so good… Read more
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