We’ve finally come to the last article in our 25 part technical analysis series. I hope you’ve enjoyed it and found it beneficial? In the previous article, we looked at applying technical analysis to Risk & Trade management. There is still though another great, not so obvious, use for technical analysis that we need to look at before wrapping up this series. Another part of the trading and investing jigsaw to piece together! I hope by now, you’re starting to see that technical analysis is not a one dimensional tool. Applying and using the basic inputs to your technical analysis in a simple quantitative/qualitative process, can go a long way to improving your results. [Read more…]
Successful trading is about helping yourself and putting the ‘odds’ on your side. In part 23 we looked at strategy, design and implementation. This week, we’re going to take a brief look at an often forgotten and overlooked use of technical analysis: Risk & Trade Management. If you are a raw fundamentalist, or don’t want to use technical analysis to make trading execution decisions, that’s fine, but I think you’re being foolish if you don’t consider using technical analysis to improve your risk & trade management processes. [Read more…]
Last Thursday, September 21, I was invited by FxPro as the guest speaker to give a 2 hour presentation on ‘Mastering the Mindset of a Trader’ at their London HQ offices.
The event was well turned out and a great success. The session was very interactive, with questions bringing up some very interesting topics. Apart from a few ‘mind games’ played with the audience to test their psychological metal, the evening covered off areas such as:
- Understanding the Psychology of the markets
- Destructive Trading
- Trade management
- A mindset for success
- Psychological discipline & consistency
- Becoming a better trader
The evening finished with a Q&A session, networking and some refreshments.
I’m looking forward to giving the same presentation in Birmingham on October the 19th. (Please check the FxPro website for more details as and when they become available)
If you’d like to learn more about the presentation, or if you’d like us to put together a tailored session for you or your clients please contact us here at THE STOP HUNTER by email: [email protected] or give us a call on 01227 811731.
We are going to round off our introductory technical analysis series, in the last three articles, by putting together what we’ve learnt so far. It’s fine having all this new knowledge, but how do you use it in the real world? Technical analysis is a multi-talented tool that can be used for many things in your trading – not just direct price analysis. So this week, we are going to look at how you can use technical analysis to design, build and implement a trading strategy. In our final two articles, we will see how you can apply technical analysis in your risk and trade management and how you can use it to improve your results! [Read more…]
Previously we looked at the Line Break chart which was great for spotting possible reversals. In this article, we look at an approach that can filter out some of the psychological issues you may be having with your analysis. If you’re struggling with the ‘noise’ of the charts and information overload in your trading, then Kagi charting could be just the thing for you to add to your trading arsenal. Kagi charts were developed in Japan in the 1870’s when their stock market started trading and were used to track the price movement of rice. They were used to give a much more transparent picture of where the price of an individual asset was headed independent of time. Due to the global world we live in and the advancement in charting software, techniques such as Kagi charting are now available to all of us. [Read more…]