Archive for forex signals

Forex Trading Tips:Perception is Everything

Perception is Everything
“When the fist of fundamentals meets the face of technicals, the patient usually falls down,” I announced in my typically hyperbolic fashion as were trading live in our chat room on Friday. The US Retail Sales numbers had printed much hotter than forecast and the market moved sharply higher taking [...]

Forex Trading Tips: No Better Than Guessing

No Better Than Guessing
In the latest book I am reading (The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty by Sam Savage) the author briefly takes the reader on a trip back in time to World War Ii and the work done at Princeton University by a group of [...]

Forex Trading Tips: The Red Light Problem

The Red Light Problem
Imagine that you have to cross a very busy intersection against a red light. (ignore for the moment the fact that I live in New York city where even 95 year old grandmothers can adroitly jaywalk in front of oncoming twelve wheelers with perfect precision). The traffic at this particular [...]

Forex Trading Tips: Lever Factor

Lever Factor
Sheik Zaid road - the main artery of Dubai is dotted on both sides with skyscraper hotels, modern office buildings and luxury condominiums of fifty stories or higher. To an American it looks much like any twelve lane highway in Orange County transplanted into New York or downtown Los Angeles [...]

Forex Trading Tips:Mark This - Why Trading is Harder Than Investing

Mark This - Why Trading is Harder Than Investing
When I was starting out in the business we once had a customer who was long about a million euros on a $50,000 account. The guy had held his position for a long time but by accident he hit the sell button one day and called [...]

Forex Trading Tips: Optionality

Optionality
My latest favorite read is a book called the Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty by Sam L Savage in which Mr. Savage tackles such mind numbingly complex statistical ideas as covariance, correlation, null hypothesis, the p test and makes them not only understandable but completely relevant to our [...]

Forex Trading Tips: Rules of the Trade?

Rules of the Trade?
Joe Ross posted this clip on Elite Trader as the markets closed on Friday and I thought it was interesting enough to deconstruct. My responses are in italics.

1. Focus on markets, trading vehicles (i.e., equities, futures, options, spreads), strategies, and time frames that are comfortable for you and that suit your personality. The [...]

Forex Trading Tips - Things My Algo Taught Me

Things My Algo Taught Me
This week I finally automated my scalping strategy. Yes it uses Bollinger bands. Yes it’s a reversion to the mean idea. No I won’t reveal the specifics, so please don’t ask me. What I do want to talk about, however, is the idea of algo trading itself. For a purely discretionary [...]

Forex Trading Tips: Four Ways To Beat The Market - The Tao of Trading

Four Ways To Beat The Market - The Tao of Trading
Can you beat the market? Many academics will tell you no. The markets are just too efficient in the long run. Those who appear to be winning are simply lucky fools who will get their comeuppance eventually. Are the efficient theory proponents [...]

Forex Trading Tips: Staying Alive

Staying Alive
This week K and I attended the Bloomberg FX 09 conference and aside from getting a tremendous ego boost when we found out that that we have an enthusiastic following on the institutional as well as the retail side, we also got to spend the day with some of the smartest currency [...]