One of the more entertaining things I hear out of forex traders that I talk to is, “I can’t believe I missed that 40-pip move! I left so much money on the table!”. My question is whose table did you leave that money on? What’s even funnier is when traders claim they’re losing money because they’re missing nice moves. This … Read More
Forex Trading Room Recap 10.16.12
In this segment, Marc Principato, CMT explains how he likes to utilize whole numbers as part of his price action analysis. Whole numbers like 1.3000 and 1.3050 can serve as potential support and resistance levels where trading opportunities can emerge. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
Free Options Webinar: Today at 5:00PM EDT. Mike Bellafiore: One Good Trade
Tuesday October 23, 2012 at 5:00 pm Eastern Daylight TimeSMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading.This … Read More
The happier Toronto trader
I am an hour away from my presentation at Quant Invest Canada and instead of preparing I thought I would share some thoughts from a few meetings with Canadian traders with whom I met. I take the Coach K approach to presentations. If you cannot get up there and speak on a subject without notes then they probably should not … Read More
Forex Trading Room Recap 10.15.12
In this segment, Marc Principato, CMT talks about price behavior nuances around pivot points. A pivot point indicator is a common tool, yet it can offer potential reaction points where you can uncover attractive trading opportunities. It is the first step in a sequence of price action that can lead to quality trade setups. — Marc Principato, CMT Risk Disclaimer … Read More
It’s The Forex Dealer’s Fault!
Let’s talk conspiracy theories. Many new traders get caught up in the idea that they cannot make any money because the spot forex market is manipulated. The dealer, (aka your broker) knows where your stops are and purposely runs them in order to generate losses for you and wins for him. They don’t let you out of your winner at … Read More
Live From The Trading Floor – 10.15.12
Steve will be broadcasting every Monday, Wednesday and Friday at 11:15 am EDT and you will have the opportunity to chat with him through our new Stocktwits chat feature. Don’t miss it! In todays show Steve Discusses AAPL’s recent price action and whether it is bottoming (1-4) Discusses LLY as a follow through trade (4-6) Discusses C as an earnings … Read More
Forex Trading Room Recap 10.12.12
In this segment, Marc Principato, CMT explains an example of the crowd behavior behind support and resistance levels. This is a basic example that emphasizes the importance of having a strong understanding of the psychology behind the movement of prices. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions