Between the lines

One of the words we get used to hearing and reading at the very start of our journey as a trader is the word “discipline”. Despite the majority of us knowing what the word generally means, what the word actually means when considered in the context of trading can often be confusing. Without a doubt […]

Presumably the majority of our readers are now passed the belief, often mistakenly peddled on trading forums or through articles on trading websites that traders should trade without using stops. Of all the myths propagated in the industry the “trading without stops” myth is probably one of the most pernicious and dangerous, and using ‘mental’

One of the most important subjects, that new traders fail to address in their trading plan, is the element of drawdown. There are several reasons for this but we’ll highlight just two. Firstly, it could be that the overt optimism new traders experience, shortly after finding the industry, prevents them from accepting that losses are

Recently we covered the use of the most widely held indicators and how adjusting them and using them in a counter intuitive way to their accepted use, can provide a very simple ‘one indicator’ method to enter and perhaps more importantly exit the market. We illustrated how to adjust the settings on indicators such as

One of the most apt phrases in relation to news trading that has stood the test of time is; “don’t trade the news, trade the reaction to the news”. Nowhere is this more evident than on the day the NFP data (non farm payrolls) is delivered by the USA bureau of labor statistics. We’ve advised

There is an inevitability, once traders begin to discover trading indicators, that they’ll begin to experiment with many (if not all) of the recognised most popular indicators. Perhaps they’ll start with one indicator, such as the MACD, and begin to add layers upon layers of indicators onto their chart. Then they’ll begin to adjust the

Whether in articles, on trading forums, or various blogs, losing at trading is not a concept discussed as much as winning for an obvious reason; no writer or poster wants to come across as negative, or wants to damage the optimism that envelopes the whole retail trading market. Ego also gets in the way as

Far too many trading articles concentrate on experienced traders and trading mentors offering up advice on how to be successful. Very few articles quiz the inexperienced trader and ask for a synopsis of where they are on the ladder of trading success and what remedies they’ve applied, to their overall trading system and strategy, if

There are many successful traders who thrive by keeping their trading methods very simple. They’ll look for the same method of entry, time after time. They won’t detour from their set up and can easily adapt this set up to any form of automation. They look for the same confluence of indicators, or indications, to

How far into the past should you actually ‘back-test’ a method you’re convinced has a chance of working live in the market? This is a question high on the majority of traders’ agenda. Many experienced traders would immediately suggest that backward testing is irrelevant, only “forward testing is valid” and they’d be right, but only