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November, 2015

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A big thumbs up for FormationSeeker!!

FormationSeeker is a revolutionary resource for all traders. Scott Carney, the renown  brain behind discovery and development of some harmonic patterns has been a driving force at FormationSeeker. FormationSeeker runs web-based software that picks out harmonic patterns consistently, matching much of  the knowledge, skill and experience of Scott. I first logged in for free on FormationSeeker and it simply blew my mind!! Having studied much of Harmonic Trading Vol 1 and 2, the patterns drawnRead More

Separating missions, strategies, methods and goals.

In trading circles many new and seasoned traders use the words (or similar): strategy, method, targets, goals. But what do they actually mean? How do they all fit together? How are they organised? (see mindmap below). In this post I take the concepts apart and put them back into some sense of organisation. Some have confused and conflated strategies and methods – and have lost track of the ‘Grand Mission’.  Some seem to take theirRead More

Mindsets

Today I was chatting online with another trader and attempting to show an alternative way of taking a chunk out of the markets. You might think that there would be great interest in that. However, this trader said to me words to the effect that a new strategy meant a new mindset – and in a nutshell s/he doesn’t care about what I was showing. In other words s/he only cared about their own ‘strategy’. Read More

Synthesis

What do I mean by ‘synthesis’? It’s about putting things together. Jeeeez – is that such a big word? So the pic below represents the result of synthesis. Synthesis of what? The method of binary options and harmonic trading principles. Huh? With Binary Options you only need price to stay away from your entry point to make some dosh. If going long price must stay above your entry – if going short price must stay less thanRead More