On a recent trade, I was able to stay in the trade because I focused on price action. However, my ability to stay in a trade and see it to fruition is not as nearly as reliable as I would like it to be. As I continue to work on this, I thought that I […]
I haven’t really been looking too hard for a free online forex trading journal because the solutions I have seen in the past have been pretty disappointing. I stumbled upon this site on Twitter and I was quite surprised. It is called MeetPips.com and it might not be the ultimate forex trading journal, but it […]
I had a question from a reader about how to change the leverage that is used during backtesting. This is a great question and I don’t think they go over it in their instructional videos. The leverage does not need to be exact to the penny, but it must give an accurate representation of actual […]
If you use Fibonacci Retracements a lot, this tutorial may just be for you. In a previous post, I showed you how to do this with a few screen shots and some written instructions. Since then, I have become significantly more sophisticated (cough, cough) and I thought that I would do a video for you […]
And in case you were wondering, I won’t be giving you indicators that already come with Metatrader. I thought that it would be good to build up a resource of indicators that you could pull from and possibly incorporate into your trading. This goes without saying, bu try them in a demo account first. If […]
Sometimes your chart and take a little time to move back to the current bar after you have scrolled back. This post will show you how to solve this.
Green Fairies can be the worst thing that ever happens to you. Find out why and how you can avoid falling under their spell.
This is a great feature in Forex Tester 2 that you may not have known about. I only just started using it recently and it allows me to see where my system stops working and how volatile it is. These are two metrics that are not immediately evident when looking at the final testing results. […]
Recently, I wanted to have a Metatrader indicator that sent an alert every time a currency pair hit today’s or yesterday’s S3 or R3 pivot point. I know some programming, but I do not know the Metatrader programming language. Therefore, instead of investing hundreds of hours on figuring out how to program an indicator I […]
This is not a trading book, but it gives a lot of great tips on how to live and work anywhere in the world. It gives practical advice based on the personal experience of the authors. It is a must read for traders who want to trade and travel.
UPDATE: (4/7/11): The free option is not working anymore. The only way to setup text message alerts is by following the instructions in this post. How do you know when the GBPCHF is close to entering a limit order when you are away from your computer? Set up an alarm that sends a text message […]
I am always looking at other blogs and trading forums, trying to find good ideas for this blog. Information that you could use to become a better trader: news, biographies, answers to problems or stuff you would just find entertaining. In my web surfing, I came across the term “The Trading Lifestyle” while reading through […]