These pairs show strong bullish bias on the bigger picture, but where are the best levels to buy? Subscribe:http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge
Who Are You Competing With?
Have you ever contemplated who you are really competing with in the forex market? Does it really matter? You just want to make some money. Who cares right? It matters because you can gain great perspective from understanding why different market participants operate in the market. Contrary to what many of the retail trader conspiracy theorists believe, your broker is … Read More
Do You Know Your Greatest Trading Obstacle?
An interesting thing happens when newer traders are asked about their greatest trading obstacle. Much of the time you hear things like, “I need to stick to my plan more,” or, “I need to learn how to hold my winners longer”, or some other isolated behavior. What newer traders need to realize it is not an isolated behavior, but instead … Read More
S&P, EURUSD Still In Resistance Zones?
S&P and EURUSD are gyrating in broad resistance ranges. Timing a short all depends on price structure. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Are You Flexible?
Flexibility in trading has to be one of the most difficult concepts to master when going through the learning curve. I remember much earlier in my learning process when I was stubbornly committed to a particular trading style that I was learning from a chatroom that shall remain nameless. Looking back, the style was complete nonsense but at the time … Read More
S&P New Trend or New Range?
The markets are coming out of holiday mode. What are important levels for the upcoming week? — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
An Aspiring Trader’s Email
At SMB we get a lot of emails from traders of all levels. Much of the time they are from aspiring traders who are very passionate about the markets and their work. And all of us here make every effort to respond and provide some insight into the world of professional trading. So in this article, I am going to … Read More
Why is Order Flow Important?
When it comes to order flow, many newer traders tend to think of volume bars or time and sales information. It is much more than that, and it really helps to understand the premise behind how markets facilitate order flow. It may not give you an immediate strategy to make money with, but what it does is provides an added … Read More