Archive for forex strategies

Forex Trading Tips: A Game of Inches

A Game of Inches
It’s been more than 15 years that I last took the number 7 train to the US Tennis Open in Queens, New York, but this past Wednesday K and I played hooky from work (courtesy of our very nice boss) and had chance to see some world class tennis from [...]

Forex Trading Tips: Reading List For Traders

Reading List For Traders
As we head into the final long summer week-end in US, I wanted to take a vacation from my usual trading commentary and answer the question I get asked all the time – what do you read on a daily basis?

Following is a summary of some key financial websites that I visit [...]

Forex Trading Tips: Automatic Risk Control

Automatic Risk Control
The one inviolable rule of trading is that you can either have a system that is high probability and low profit or a system that is low probability and high profit, but you can never have both. That doesn’t stop novice traders from searching endlessly for the setup that risks a dollar [...]

Forex Trading Tips: In Defense Of The Machines

In Defense Of The Machines
One of the more popular clips of me on Youtube is called “Trading is not Logical”. It was done during the meltdown of 2007 when many
algorithmic driven funds sustained massive losses on their strategies. I was being interviewed by CNBC Europe and very emphatically stated that we were “huge adversaries of [...]

Forex Trading Tips: Point Break

Point Break
Back when he was young and lithe and strong as a White Bengal tiger Patrick Swayze made one of the best thrillers of the early 1990’s called Point Break. The film made a female director, Kathryn Bigelow, is considered to be one of the most adrenaline fueled action adventure screenplays put on celluloid. [...]

Forex Trading Tips: Sucker Bet

Sucker Bet
I’ve been to Vegas more at least ten times and during all those visits I’ve gambled just once. A few years ago I walked into Barnaby Coast casino placed a dollar bet on a slot machine, made 110 cents and promptly cashed in the ticket happy to pocket a healthy 10% return. My reluctance [...]

Forex Trading Tips: 3 Sins of Trading

3 Sins of Trading
It is an often repeated maxim amongst financial cognoscenti that Americans devote more time to arranging their summer vacations than they do planning for their life in retirement. I am certain that’s true, just as it is true that many traders spend more time checking the ripeness of the fruit at [...]

Forex Trading Tips: Optimizing For Failure

Optimizing For Failure
What do an electronic saw, a Paris metro ticket modern anesthetic equipment have in common? They are all designed for failure. The electric saw comes with something called a dead man switch which turns the saw off instantly the moment a grip lets go. The Paris metro ticket can be inserted into [...]

Forex Trading Tips: Fighting To Victory

Fighting To Victory
When rational expectations economists create their model of the average man they envision a person with foresight of Einstein, the patience of Mahama Gandi and the memory of IBM’s Big Blue. Those are not my words, but rather the writings of Richard Thaler and Cass Sunstein in their new book entitled [...]

Forex Trading Tips: Lifting The Stop

Lifting The Stop
In their book Sway, authors Ori and Rom Brafman describe the series of events surrounding the worst airline crash in Dutch history. Piloted by one of the most accomplished and experienced aviators in the world Captain Jacob Van Zanten, KLM Flight 4805 was on its way to Canary Islands. However a [...]