TradersClass

Superior Trading Skills through Education

 
BlogSection
Great Reversals - The Doji Sandwich Print
Written by Site admin   

There are plenty of price patterns to trade from the classic Flags
and Head & Shoulders to the Harmonics that will feature in a future
webinar. Some of the simplest can be the best and some years ago an
old friend, Bill Eykin, coined the Doji Sandwich.

 
 
It's amongst the most powerful of the three candle patterns, simply
a norrow range candle is sandwiched between two much longer ones
with the smaller 'Doji or Spinner' candle stuck in between, not
sure of where it to go next. As can be seen on this daily chart,
when it forms it can lead to some excellent moves.
 
 
Phil's Mental Account Balance Print
Written by Site admin   

Trading lore from Phil

$1,000,000 in the bank risking 1% of account on any trade means your risking $10,000 per trade.....

Read more...
 
Control our Emotions! Print
Written by Site admin   

 

Time for a breather
 

JUST before the hovering finger clicks the mouse to trade, there is one thing that online investors of the future might want to check: their “Rationalizer”. The device, a prototype of which was unveiled this week, is an emotion-sensing system designed to help investors keep a cool head when buying and selling.

Read more...
 
Trading False Breaks Print
Written by Site admin   

Non Farm Payroll, NFP days, are well known for surprises and violent whipsaws.

False break outs are either the bain of the Forex traders life or one of the best trading opportunities available. I go with the latter view, I'm seldom comfortable with breakouts as there is a very high probability of false breaks so I like to be on the look out for failing breakouts as the probability of a move against the previous trend is higher.

Trader Vic, Victor Sperendeo, detailed the 2B false break in his 1991 book 'Trader Vic, Methods of a Wall Street Master' Take a look at the picture below.

This is how to trade them, see the chart and desciption below....

Read more...
 
Four Poisons of the Mind Print
Written by Site admin   

Deep Survival: Who Lives, Who Dies, and Why by Laurence Gonzales (published 2004, W. W. Norton & Company) has many lessons for traders and here is one of them:

There is a Korean martial art called Kum Do. This is a brutal game that involves a fight to the death with very sharp swords. The way it is practiced today is with bamboo sticks, but the moves are the same. Kum Do teaches the student warriors to avoid what are called “The Four Poisons of the Mind.” These are: fear, confusion, hesitation and surprise.

Read more...
 
More Articles...
<< Start < Prev 1 2 3 4 5 6 7 8 Next > End >>
Page 7 of 8

From the blog

Gold crushes Bitcoin...

Gold takes on Bitcoin, end of Dec'17

Back to the mean - Perhaps night does still follow day after all....

Check these links

  • JoomlaWorks Simple Image Rotator