Posted on January 30, 2012 at 10:20pm 21 Comments 12 Likes
I have had a few questions thrown my way to do with trading that I could not answer right away. I was able to go and check my records and trading history and then I had the information I needed.
I appreciate most traders are more bothered about spotting the correct direction of a currency pair and achieving positive pips, than continuing asking yourself challenging trading questions that might actually help to achieve you an improved return on your…
ContinuePosted on January 15, 2012 at 10:30am 10 Comments 5 Likes
For all new traders and those with under at least one year live experience - ignore this blog as it may confuse you more. Thats the last thing I want as trading is difficult enough without me trying to make it harder.
However, for more experienced Price Action and Naked Traders - this might explain why I see thing slightly different - on what I will say is a very messy chart - until you understand it. My brain and above average eye sight - just cannot pick out some of this key…
ContinuePosted on January 7, 2012 at 2:30pm 25 Comments 4 Likes
I am using the EU and December 21st in this example - as its a day been used by many as an ideal example of price action analysis on daily 4hr and even 1hr charts.
The daily charts are circled to show what happened in terms of the "big picture" and the 30 minute charts below to show the…
ContinuePosted on December 17, 2011 at 5:44pm 19 Comments 3 Likes
Trading is a numbers game. Whether it’s the currencies price, win percentage ratio, risk to reward ratio, probability percentage or just the size of your win in money terms- you need to know the numbers.
I have always loved maths and playing with figures and statistics and I suppose it was also one of the reasons I was drawn to try currency trading. It’s the season of goodwill so I would like to share some of my findings and thoughts on numbers- and how they might…
ContinuePeter,
i think you are new in this Dr blog
have a look at the trading strgy webnair you can learn a lot and earn a lot
raj
Thanks Raj - I have been following the Doc for about 6 months on Fx street and have been in a few of his webinars and have learnt some good stuff. Still got a lot to learn but many of his comments have made me review my own way of trading - leading to improved results
its design by Jim..the video is quite informative
thanks Peter for the valuable information... :)
Thanks Peter... If i got it well, a trader has to really understand how the pair moves, thus being able to differentiate between the trend and the counter trend or retracement.... In my opinion, a trader must have a historical view of the chart to be able to forecast the coming trends... rather then just looking at the latest activity or patterns... Watching the latest moves or activites is like reading few words or a small sentence of a paragraph which may lead to a misinterpretation of the overall meaning..
But what about if the retracement went too long..? It becomes "The trend". right?
Hello Peter,
Sorry, i did not responde sooner.
I have been doing some other thing in the last past weeks. That is the reason i did not responded to your comment.
Thank again for commenting about how long you been trading. I really love trading, i am planning in learning as much as posible to became a succesuful trader and start living from it. I will love to earn about 1000 usd per month.
I live in mexico 1000 usd will do for me.
What to you think about US dolar losing been the Worlds Currency Reserve
So this video. Very interesting.
http://www.stansberryresearch.com/pro/1108PSINEWVD/6PSIMA22/PR
Regards
PVforex
Ok ! JCP i will look to it from here...:-)

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