Let’s look at swing trading and day trading, the differences between them, and which style of trading is a better fit for you. Each trader is encouraged to trade the way they’re most comfortable with. It’s likely traders will classify […]
If it looks hard to make money, it probably is. If you’re looking at charts but aren’t seeing much to trade, or you see trades setting up but they aren’t working out, IT’S OK NOT TO TRADE! I used to […]
Learn about day trading forex with price structures using various time frames. To understand this article, please read the Price Structure Forex Strategy first. That article looks at swing trading price structures, while this article expands the same strategy to […]
Use this strategy on the 1-minute EURUSD chart during the London and/or US session. I’d wait till the London session gets going, so the strategy is best applied between 3 AM EST and 1 PM EST. This strategy typically generates […]
The one-bar or one-candle trailing stop loss aggressively moves the stop loss as each bar or candle closes. This reduces risk quickly, locks in profits, and prevents holding through a pullback. Use from the outset of a trade, or once […]
When day trading, set a maximum daily loss and loss-from-top limit to control how much is lost in a single day. We don’t want a single bad day to ruin our week, month, or year! When day trading, I recommend […]
Imagine how much better of a forex day trader you could be if you were able to practice your patterns and strategies many times a day, every day, even on weekends. Or maybe a particular setup is causing you issues, […]
As a professional day trader since 2005, I spend 0.5 to 2 hours per day taking day trades. My trades last several minutes on average, and I usually take several trades during the trading time. Assume an extra five hours […]
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