Greed Is Good? How to Handle It

One of the most iconic images people have of Wall Street is the scene from the first Wall Street film where Gordon Gecko delivers his infamous monologue that begins like this, “Greed, for the lack of a better word, is good”. Since greed and its first cousin fear still drive markets, it does serve a purpose in terms of creating … Read More

Trade Review: Using Volume on S&P 500 Scalp

Marc Principato, CMT explains how traders at SMB use our proprietary volume analysis tool to initiate scalp trades. This example shows an actual trade taken in the S&P futures, but can be applied to forex also. Subscribe: http://bit.ly/utraderyt 
Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge … Read More

Addressing the Trader’s Fear of Missing Out

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

Trading: Less Fighting, More Fishing

Much of the time when you read about trading, many use metaphors that refer to competition or war. You will often hear phrases like, “the forex arena”, “bulls battling the bears”, “you compete with the best and brightest minds in the world”. This is convenient and filled to the brim with conflict (we love drama just watch the news). What … Read More

Trade Review: EURUSD with Price Action Confirmation

In this segment, Marc Principato, CMT, reviews a real EUR/USD day trade that is based on two price patterns and candlestick analysis. He uses price action as confirmation to enter the trade. Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge — Marc Principato, CMT, Risk … Read More

What is Your Trading Process?

Recently I sat through an excellent presentation about trading psychology. One thing that I learned about the best of the best traders is that their most common trait is something called “process”. Process is just another name for routine. It took me a very long time to realize how important this one concept is for the developing trader. The main … Read More

Price Action Techniques For Consistency Part 2 Webinar

My 4 week online class begins on 1/21.  Register before space runs out. This webinar provides an idea of the topics I will be covering.  In particular: How I project support and resistance levels How I use candlesticks to validate trades And how to question the market for context Any questions, make sure to email me.  Once the class begins, registration will … Read More

Starting Your Trading Day with Scenario Building

In this video excerpt of the trading room, Marc Principato, CMT, explores multiple time frame analysis and the importance of scenario building. These are significant elements of a trading plan that trainees at SMB Forex learn to create. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions