There is no trader who can sit down in front of a screen each morning without a trading plan and tip to look at charts for trading, and make money constantly. Traders who always perform well have a trading plan. Make sure that your trade plan has definite rules. Below are few trading tips that [...]
Category Archives: Technical Trader
Stress due to trade exits
June 25, 2009 – 6:29 pm
Frequent exits due to stress occur when traders stop out at a stop loss level, close the trade into high volume spikes, or attain predefined targets. All trades should have a stop loss in place. Some traders hold a mental stop while others place physical stops. Traders stay with the market as long as a [...]
Ways to Trading Performance
June 25, 2009 – 5:14 pm
The two key essentials to achieving trading success are having a trading plan and a positive expectation and consistency. Many traders who do not have the first essential in place are the main cause of their lack of trading success. Traders who are positive in expectation system find their execution consistent and challenging. A trader [...]
Time Based Trading Part 2
June 25, 2009 – 4:00 pm
All traders are on borrowed time not knowing that there is a disaster waiting to happen. Unless a right step is taken to prevent the impending disaster, the situation will be a disaster. The primary goal of trading should be to diffuse the bomb before it explodes causing damages especially in a time based trading. [...]
Back testing and Data Mining
June 25, 2009 – 1:06 pm
Backtesting and Data Mining are techniques that are influential and worthy if we use them in the approved manner, however traders often exploit them. Therefore, we’ll also explore two common pitfalls of these techniques, known as the multiple hypothesis problem and overfitting and how to overcome these pitfalls. Backtesting is just the procedure of using [...]
Trade price analysis
June 24, 2009 – 4:13 pm
Trade price analysis involves monitoring price action, in order to gain an insight into the short term sentiment of the market. Determining who is in control at that time – the bulls or the bears. And assessing how they’re likely to respond to changes in the market. Price analysis is much more than just watching for your favorite candlestick patterns.
Gap Trading in the morning
June 24, 2009 – 9:06 am
The Art of Trading the Morning Gap Open trade is a fantastic opportunity for the smart trader who knows how to identify supply and demand. Most of the time, our entry is within seconds to minutes of the opening bell. Prices gap up because there are more buy orders at the open morning than there [...]
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