February 20th, 2010

Meta Trader 4 Platform Quiz

Do you know what these terms mean?
Waiting for Update
Trade Context is Busy
Bid – Ask
MT4 charts are bid charts
Margin
Waiting for Update
“Waiting for Update” is a common message with a new account or when switching between a mini
and a standard accounts. There is an easy solution. Go to the Market Watch window, left click
and hold down the [...]

January 14th, 2010

How To Handle A Whip Saw Market

There is no system that can prevent the market from whipsawing. There will be times when you
will have a loss.  By learning how to manage trades to minimize your losses your account can grow.
This is the way we like to take the higher probability trades.  When we get a signal on
the 15 min or 30 [...]

March 27th, 2009

Lower Time Frames May Cause Over Trading

Traders can get caught up in thinking that shorter time frames can reduce risk.  They think they can get out of bad trades sooner but they also get out of good trades sooner.
If a trader is looking at the smaller time frames like the 1- and 5- minute they will get more signals.  They [...]

March 20th, 2009

Getting the Big Picture

Try this exercise it is a good way to understand trading the trend. Go to a 5-minute chart and find a trade by only looking at the 5-miinute time frame.  Now expand your outlook and look at the charts on the1 hr or 4 hr time frames, you may see something completely different.  What you [...]

March 18th, 2009

Fighting the market

When fighting the trend and insisting that the market is due to reverse itself is a sure sign that a trader will not be in the market very long.  If a trader tries to catch short-term countermoves trying to make a few pips or always looking for the tops and bottoms hoping to catch the [...]

February 27th, 2009

Alert Trade

The Rain Man Alert gave the signal that this trade was ready to go.  The trade was entered and closed out by management decision because of the speed and distance it had gone up.  The trade was closed with 105 pips.  The trade was taken while day trading using the 15-minute chart for the trend [...]

February 23rd, 2009

Admitting A Trade Has Come To An End

There are two problems: one: figuring out a trend has ended and two: admitting that it has actually ended.  Too many traders will stay in a trade thinking it will go on forever or say I will get out at the next move.  They have a profit of $100 and will not take a profit [...]

February 20th, 2009

Adding On To Trades: Same Effort More Profit

One of the most effective uses of a trend is to enter a small position when a trend has developed or is developing.  When other signals present them selves add onto the trade until there is an exit signal. 
There are a couple of ways this can be done; One way is to spot the [...]

February 18th, 2009

A Chart Is A Chart

One thing that needs to be stressed is that a chart in the market is the same whether it’s a 5-minute chart or a daily chart.  If you could not see the numbers on a chart it would be hard to tell which time frame you are looking at.  All charts have the same patterns [...]

February 17th, 2009

How to Find A Trending Market

This can be easy once you know what to look for.   Your search of how to determine what a trending market is, can take a lot of time and experience but with the right instructions you can find it very quickly.   A choppy, or flat market is hard to trade and can lead to overtrading, [...]

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