This is a guest post by Andrew Bezen. Elliott Waves theory is considered to be one of the trading theories that perfectly illustrates human behavior. The market is moving based on imbalances between supply and demand levels. Unfortunately, these levels cannot be seen when trading the Forex market. There is a reason for that: the […]
Elliott Waves Theory with Forex Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. Consistency is the one skill that every aspiring trader desires to achieve. It is also the most difficult to master. However, with the correct tools and knowledge, anyone can enter the arena of trading and succeed.
How @TradersReality Became Consistent In Forex Read More »
The long term up trend is still in place for $SPY. $SPY has been going sideways inside a trading range since the beginning of June after the break out over $240 resistance. Resistance in this range is all time highs at $245 and support is at $240. A neutral RSI at 51.40 gives $SPY room
10 Fast Facts about the $SPY Chart Read More »
In trading your belief system will determine whether you win or lose over the long term. The trading method you choose to pursue for profits is really determined by your beliefs about the market and how it works. Choose your beliefs carefully because how you think the market works will play the key role in your
What is your Trading Religion? Read More »
Here is an example of a simple long term profitable trend following system for the $SPY ETF. This is really best compared with buy and hold investing and presents a simple alternate that creates more returns that buy and hold investing and cuts the draw down in capital by over half. It keeps you in
$SPY Golden Crossover Back Test Read More »
This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. How to Trade with Candlestick Charts Like a Pro (Everything You Need to Know+Applications+ Free E-Book) Bonus Material: Get the Free E-book on Candlesticks WHILE everyone is used to seeing the conventional line charts found
How to Trade with Candlestick Charts Read More »
This is a guest post by Martin Trader @EminiSurf and this post was originally posted at: “The importance of “emotional consistency” Becoming a consistently profitable trader is the goal of all traders. Let’s assume you a have a methodology with an edge and you apply it consistently. Let me ask you something… Is your emotional state
The Importance of Emotional Consistency Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. The majority of traders who enter into the world of Forex, pay no attention to what can go wrong, only how much money they can make. Bad Move… <img src=”https://static1.squarespace.com/static/59429a393a04111ae98a4617/t/5956cf9c8419c2523f0eee25/1498861476568/” alt=”Do not trade just for the "money"
The Right Way to Approach Trading Read More »
This is a guest post by Martin Trader @EminiSurf and this post was originally posted at: The 3 pillars of successful trading. Trading is simple, although not easy. In order to become a consistently profitable trader, you first need to grasp, at a theoretical level, what makes a good system profitable. These are the three pillars
The 3 Pillars of Successful Trading Read More »
The long term uptrend remains up with the 50 day SMA still not lost. Short term the market has gone sideways and momentum has slowed as price lost the 10 day EMA. Last week we saw resistance at all time highs of $244 and support at the 50 day SMA. Volatility has increased giving day
10 Facts about the $SPY Chart: 7/2/17 Read More »