The market moves in up and down waves that form “swings”. The pattern made by these swings is what is used to define an uptrend or a downtrend. The highs and lows of the waves are used to define “support’ and “resistance” levels. A trader or technician does not care about the fundamental reasons that[…]
There are four basic principles of forex market price behavior which have held up over time. Confidence that a type of price action is a true principle is what allows a trader to develop a systematic approach. The following four principles can be modeled and quantified and hold true for all time frames, all markets.[…]
Successful traders who have demonstrated longevity in this business have one thing in common: a consistent methodology with a demonstrable edge. You cannot trade profitably over the long run without an edge. What is your edge? How are you going to have an advantage over everyone else?… Your edge will come from followinga methodology that[…]
The markets are a personal journey and every trader is destined to learn market truths for themselves. The learning curve is as much about figuring out what doesn’t work as it is discovering which things work best for you. Each individual has a different personality and thus a slightly different approach to the market. However,[…]
