by Kirk Norwood | Nov 13, 2009 | Trading Strategies, Trading Tips, Trends
Early in my working life I became a shift manager. When a rush of work came in I would jump in and start working right along with the other members of the team. My supervisor suggested that I not jump in and do the work but look at the big picture and direct the flow...
by Kirk Norwood | Aug 5, 2009 | Create Trading Plan - Series, My Trades, Trading Strategies, Trends, Types of Traders
Let your trading journal teach you what you need to do more of. Create collateral (a pile of good trades in your trade journal) that educates you and compels you to see the way you should trade. Make sure your trading journal include tons of examples of your...
by Kirk Norwood | Jul 24, 2009 | The Disciplined Forex Trader, Trading Strategies, Trading Tips, Trends
Discipline is the ability to be patient – to sit on your hands until your system triggers an action point. Sometimes the price won't reach your anticipated price point. At this time you must have the discipline to believe in your system and not to second-guess...
by Kirk Norwood | Jul 17, 2009 | Inside The Trader's Mind, Trading Strategies, Trading Tips, Trends
Once you know what to expect from your system, you must have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit. While you are waiting for the indicators to give you the entry sign you can look at...
by Kirk Norwood | Mar 25, 2009 | Trends
Trading the trend can be profitable, that is if you can identify the trend in a timely manner and then manage the risk along the way. The good thing is that trading the trend can apply to any currency pair or time frame. Here is some more good information...
