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Key Steps to Trading Success

February 29, 2012

Having been away recovering from a Major Op for several months I thought it a good time to take stock and set out my thoughts on what I believe are the key overall steps to trading success: Realistic expectations: There is no quick and easy ‘Golden Button’ to trading riches Time scales to achieve consistent [...]

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Surf the Wave and Net those Pips!

August 5, 2011

I just had a great weekend away surfing in Cornwall and it struck me that trading the Forex markets is a bit like surfing. There is little point in trying to surf when the conditions are poor, such as when the wind is onshore and the surf is messy, crashing and dumping, with white mush [...]

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SILVER – Wolfe Wave Short – 4th August 2011

August 4, 2011

Here is a screen shot of a short trade on Silver 4hr chart I took today.  Here is a short video:   Watch This NOW.  The strategy was a Wolfe Wave and the trade is at break even with 1st target reached and profits banked on 216 pips (with spread taken off).  I am staying short [...]

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FTSE 4hr Potential Bullish Butterfly

August 4, 2011

There is currently (midday 4th August 2011) a potential Bullish Butterfly setting up on the UK FTSE 100.  This could present a substantial long trade opportunity with a relatively small risk.  Potential targets are the 5700 area and 5900 area.  The strong impulsive move down could also be an Elliot Wave 3 and should finish [...]

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EURUSD Daily Potential Bearish Gartley – Short Trade

August 1, 2011

Here is an example of the sort of trades we take at FxTribe, in this case we are short the EURUSD on the 1st August 2011 and on the Daily there is the potential for a Bearish Gartley pattern to form and we are trading the B to C leg of this potential harmonic pattern.  [...]

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Focus on The Process and Steady (profits) As She Goes!

July 29, 2011

Whilst chatting online last week to another trader who had recently completed a personal mentorship programme with Sunil Mangwani, I asked how their trading was going? The answer came back, rather melancholy, that ‘I’ve only made XY% profit so far this year’.   To which my reply was great, that’s a neat profit!  The ensuing online [...]

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Less is More and More is Less – Don’t Over Trade!

July 15, 2011

When I first started trading I felt I had to be in a trade or I was going to miss out on a move and as result I found myself over exposed to the markets even though I was managing my risk on each trade properly. I soon began to realise that over trading can [...]

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Don’t Force It – Patience Pays

June 23, 2011

A common problem encountered by novice retail traders is their overwhelming desire to trade, no matter what the market is doing.  They switch on their laptop or PC check their charts and expect to get into a trade and make some money during the time they have allotted.  Many end up ‘Forcing’ a trade and [...]

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Who or What Is Pulling Your Strings?

June 10, 2011

When you are trading do your emotions drive your actions?  Do you chase price, only to have the market turn as soon as you pull the trigger? Do you bail out of a trade as soon as it looks like it could go against you? If so you are probably at the mercy of the [...]

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Stop, Stop, Stop!

June 2, 2011

It is often said that ‘the best stop is a great entry’, meaning that as soon as you enter the market price moves in the direction of the trade and never goes near your stop.  This takes time and practice to achieve but is a laudable target to aim for. I also remember being at [...]

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