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 [...]

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 [...]

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 [...]

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