I started my price action journey trading the higher time-frames as that’s what all the “guru’s told me to do. But I became despondent with the results I was getting and what was possible. I didn’t believe that was the only way…
Over my 8+ year trading journey I have tried everything imaginable when it comes to trading mentality and psychology. But after spending a good seven years pulling my hair out, and failing over and over again, it all ended up coming down to one simple practice…
Our brain can only process a few bits of information at any given time, the more variables you throw at your mind the more complex you make the decision making process, this leads to over analysis paralysis, poor decision making and ultimately poor performance and less profits.
Review of intraday price action setups for both the European and US sessions from the 3rd December 2013.
Forex Alchemy is now coming to you live from Bali, Indonesia. We arrived last week and have been full on organizing our lives here, I am now settled in and looking forward to getting back into some trading and blogging.
In this video analysis we will dissect the market and look at the trading opportunities and market structures for the EURJPY from the 20th November.
Trading is not what you think it is. Trading has been made out to be something that it is not. The stereotypical image of a successful trader and what is required is far from reality.
It is extremely important when trading in unfamiliar environments to do your best to recreate your normal trading environment and routines. You need to put yourself in an environment that allows you to be focused and free from distractions.
In this lesson we will discuss the opportunities and potential of trading price action on a volatile currency pair like EURJPY. We will look at specific price action set-ups, the risk to reward ratios possible plus the benefits and risks of trading a currency pair that makes big intra-day momentum moves.
A great day for trading on the EURUSD with some solid price action set-ups both with the trend and counter-trend. This comes after a week of slow and weak price action during the European sessions. I put this down to the market being hesitant before the economic statements released from the US on weather or not they would begin to taper their asset purchase program
In this video I will discuss the intra-day price action of the EURUSD during the European session. We will look at the trading opportunities as well as the potential fake outs and review the trades that I took and we will discuss why having a bias during trading can be detrimental to your trading results.