One of the more common mistakes I see new traders make is executing a trade idea that came from a larger time frame analysis, but justifying the entry from a set up appearing on a smaller time frame and expecting it to reach the greater target. It can be very confusing because the smaller time frame charts can offer refined … Read More
Forex Trading Room Recap 10/10/12
In this segment Marc Principato, CMT analyzes the 1 minute EUR/USD chart. He points out why it is so important to have the patience to wait for the 3 elements of a setup: Level, Pattern and Confirmation. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
Unleashing Trading Potential: Leveraging Market Profile Strategies
The new trader is usually in a rush. They want to be handed a system that will make them profitable practically overnight. A professional and consistent trader is one who is usually informed in a way that goes against the conventional. Getting to that level of knowledge requires building enough experience with conventional information so that you can make it … Read More
Three Ways To Gauge Volume in the Forex Market
Volume is a key component in technical analysis and in momentum based trading strategies. Heavy volume usually leads to sustained price trends and higher quality intraday momentum. In contrast, lack of volume usually leads to a lot of broken keyboards, computer screens and accounts. So it can be very beneficial for a trader of any instrument to have a sense … Read More