‘Hope for the best, plan for the worst’ – Lee Child. While we tend to evade the word ‘hope’ in trading, the opening quote resonates rather well with the trading world. But do traders really plan for the worst, or are they just relying on hope? Planning for the worst There will be instances where … Continue reading Do you have a cut-off point?
Typically, one’s first encounter with the financial markets tends to be a mind-boggling one. Faced with a myriad of peculiar terms and an inordinate number of different markets to choose from, it can almost seem an impossible feat to trade effectively. To help clear some of this confusion, the following piece will illustrate what the … Continue reading The Spot Market
Have you ever had one of those trading setups that boasted a staggering amount of confluence fail in dramatic fashion? You know the kind of setups that wouldn’t look out of place as wallpaper on your mobile phone! Of course you have. We all have! One reason the area may have fell flat could have … Continue reading The importance of an Economic Calendar
‘It pays to know where you are in the bigger picture’. We’re not entirely sure where this statement originated from, but it is certainly one that should be memorized. What is a multi-timeframe approach? It’s no secret that adopting a multi-timeframe approach can enhance your trading. The problem, however, is that some traders find it … Continue reading Using a Multi-Timeframe Approach
Introduced to the western world By Steve Nilson, Japanese candlesticks are an effective way to forecast short and long-term market direction. What makes this concept so interesting is that each trader we’ve met seems to have their own unique approach. The inverted hammer, or sometimes referred to as a ‘shooting star’ (Japanese name: tohba), is … Continue reading What’s an Inverted Hammer Candlestick Pattern?