Optimizing Stop Loss / Take Profit Placement
“What’s the best place to put a take profit or stop loss?” If this post doesn’t clear it up, I’m not sure what will. Let’s forget about price action for a moment and let the
Trading Strategy
Fading Double Zeros
Last week, we were discussing the best times to use double zeros. I argued: Not when price is making recent new highs and new lows, but rather, when price has been ‘sloshing around' the zeros
No Brainer Automated Trading
When I started this blog, I never thought anyone would ever ask me about automated trading, but I surprisingly get more than enough emails for me to even think of writing this article. We’ve all
Weaker GBP Means I Can Visit the UK More Often So I Was Glad to Short It
Our strategy as all about waiting until you see that perfect, most obvious sign staring you in the face to take action. Today I want to do a little post trade analysis to talk about
Example: EUR/USD Short 1.2850 – Nov. 13, 2008
Today we had one of the largest ranges ever on the S&P index, and its affect on EUR/USD was an initial selloff, followed by a huge spike in price. For this trade, we took a
Introduction to Trade Management
One of the biggest myths about trading, and what is usually stamped into the heads of traders from the very early stages of their careers, is that successful entry techniques will lead you to consistent
Mechanics of Risk/Reward
A newer trader is likely to overlook or disregard many discussions on risk/reward because they are either busy fantasizing about millions in profits or too inexperienced to understand the importance of maintaining a proper risk/reward
Position Sizing
Tied to risk/reward, the size of your positions dictates how much you are willing to risk per trade versus how much you will gain. As a general rule of thumb, I risk no more than
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Hildebrand Reaffirming Franc Anti-Appreciation Policy; A Look Back at the SNB's Greatest Hits