In the last 10 years I have worked with some of the most accomplished people on the planet who wanted to become traders. I have worked with professional athletes, surgeons, Wall Street Executives, hedge fund traders, beginner traders and they all said that: nothing is more difficult than trading. I asked, why do you [...]
Every time I receive an email with the question “How Many Trades Per Day Can I Get with Your Strategy?” I know this question is coming from a NEWBIE who does not yet know that the markets can be stuck in untradeable conditions for hours.If that trader knew PRICE ACTION AND FIBONACCI STRATEGIES: they would [...]
Every time I receive calls and emails asking: “How many trades per day?”, I know I am speaking to a trigger-happy cowboy, who is sadly a member of the 95% Broker’s Sponsored Club. Brokers love those traders who focus on quantity of trades as it pays for their vacations...not the traders’. A SUCCESSFUL Price Action [...]
This Tuesday morning, I received a phone call from a trader who was practically IN TEARS because he had been struggling for years trying to trade. He is tired of losing money and being lost in the markets. He has tried hundreds of INDICATORS. He has spent a FORTUNE ON SOFTWARE. He has tried endless [...]
Every single day is a Valentine’s Day if you love the markets and know how to trade INDICATOR FREE. You feel happy and peaceful, because you know what to expect independent of news or any other events and you never have to chase indicators ever again. Your trading becomes better and easier every single day [...]
The Most Important Part of a SUCCESSFUL TRADE is knowing WHEN TO EXIT. #Fibonacci #Retracements give you the ULTIMATE TRADE EXIT. No sweat, no speculation and no pain. The Fibonacci Exits (shown below) give you the ultimate accuracy in day trading minutes and hours in advance and in position trading days, weeks and months in [...]
If you have ever wondered what instrument you should trade. Wonder no more as PRICE ACTION PATTERNS remain exactly the same and once you understand how simple PRICE IS, you can trade any instrument you choose. View in the video below how every single instrument forms the exact same PRICE ACTION pattern entries at key [...]
Every single day the market conditions change from powerful rallies and crashes to completely choppy and dangerous. How a trader adjusts to market conditions will determine their ultimate success. Lately the markets have been in corrective chop 80% of the time, especially on the indexes and index futures. This is an especially critical time to [...]
The majority of traders are in the ranks of the 90%+ doing the exact same thing: chasing the markets with random, speculative trades and relying on endless artificial indicators which the market is flooded with. Just like Vegas is flooded with casinos… If you are in the 90%: it is because you are only HUMAN [...]
This very choppy and nasty Monday from the Trading Room (see the video) was a spectacular reminder that ONLY A KNOWLEDGE of INDICATOR FREE PRICE ACTION and FIBONACCI RETRACEMENTS will keep a trader out of trouble. Price Is Not Complicated and neither are Fibonacci Retracements. "Alla, Such Brilliant Teachings!" Ken K, Jan. 28 [...]