What books did I read in 2012 that made me understand trading the most? This is a question I am often ask. I have a huge library of books and it gets bigger each year. For my birthday my family gave me a Kindle Fire which I am beginning to really enjoy but I still [...]
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My Top Books for Traders to Consider Reading in 2012
Change How You Think About Trading To Change Your Results in 2012
If you are not making money in the currency market in particular if you have been trading for any length of time, you should be asking yourself why? One of the Top 10 things to do in regard to your money according to a Forbes Special Issue February 2011 was to Learn To Trade Volatility. [...]
130 Pip Trade With RSI Negative Reversal
This trade was quite simple to predict for today (see chart below) We are looking to trade momentum, not volatility. Volatility can whiplash. (See more in Premium Membership Area) In our chart we are looking for our trade at Point 2 RSI Negative Reversal. Point 1 might have been the entry point for momentum at [...]
130 Pip RSI Reversal Trade with Momentum: Point-by-Point (Premium)
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4 Points of Entry on the EURUSD
A trader asked me this week at at ViSalus event, how many times I had traded last week. I said twice. Those two trades made over 150 pips and they both were started on the M5 charts by understanding two things; momentum and RSI Reversals. This week has started out pretty much the same. Here [...]
Hundred Pip Trade Hourly EURUSD; RSI Negative Reversal
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70 Plus Pips With Momentum and RSI Reversals
In any skill it takes several areas of expertise to do something well. Tiger Woods has a good golf swing because he understands not only the fundamentals of a good golf swing but because he understands how to manage the course and he knows how to compete. Writers understand Concept, Character, Theme and Structure, [...]
Many RSI Reversal Trades This Morning Pre-Dow and Post-Dow
Backtracking several months to evaluate my trading results trading RSI Reversals and The Dow Trade which are not entirely the samething but incorporate many of the same principles my results are as follows: 1382 pips 25 trades 21 wins 4 losses Biggest win 293 pips Biggest loss 69 pips Longest winning streak; 16 trades 10/16/11 [...]
Trade Started Last Year Up 108 Pips on RSI Reversal
Here is an RSI Reversal trade started on December 28th, 2011. At one point it was up over 130 pips. It is still active. The momentum currently is not significant but market perception is against the Euro and for the Dollar. Although riskier, traders can trade Reversals in both directions in particular when in consolidation. [...]
