Do you ever ask yourself the question: why are less than 5% of traders making money?I have observed over the last 12 years that 95% of those who are constantly losing money, all want a Magic Bullet. All are CHASING INDICATORS and no matter how much money is lost when one indicator fails, there is [...]
Wednesday morning for the first hour and a half was one of the most PAINFUL trading sessions and yet provided the MOST IMPORTANT PRICE ACTION formations in weeks. Trading the Indicator Free Rule Based Method of Alpha Fibonacci which is applicable to all instruments and all timeframes - kept a trader on the right side [...]
This week for the first time since December the institutional bias changed to Bearish. It is essential to know where Institutional Fibonacci Reversal Zones are in order to identify market reversals. The area where S&P collapsed for the third time in the last 2 years is at the 2800 level which had been projected in [...]
Trading is actually a blast if you know what you are doing. If you know where to enter and exit a position you feel relaxed and confident and you approach every trade with a very different attitude, no matter what you trade. Trading Price with ultimate SIMPLICITY shows you where to enter and Fibonacci with [...]
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 [...]