Author: SniperElite

 

Turning the corner – what people don’t get and why

Well, well… what’s this all about now. I’m afraid you’ll have to read on. And if your dog needs a bath (and I don’t know if you who reads this has a dog and I couldn’t care less), then go bathe the dog! If you have time, look below at results of a true change in performance following a change of strategy.   Some time ago Newtrader.club said to all new traders that change takesRead More

Mind the gap

Gaps are traditionally taken by new traders and some gurus, to mean that price will continue on balance, in the direction of the gap. In financial trading that is only true some of the time. Even if it is true, say 55% of the time, what does it mean for new traders? Nothing! Why? Because the only issue in profitability is how a new trader controls their acceptable loss (aka stop loss). The chart ofRead More

FAQ on derivatives

Big disclaimer: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. No investment advice, is provided nor are any claims or promises made that any information here will lead to a profit, loss, or any other result. All expressions are for educational purposes only. What is a derivative?Read More

Mission Impossible – early notice.

What if there was a way to take money out of the markets (legally of course) without  having to figure anything?! That must be the ‘Holy Grail’, some will say! And others will say IMPOSSIBLE!! And if you found the Impossible, would you share it? I don’t think so. Newtrader is investigating just such a Holy Grail. Yes – this is Mission Impossible! It starts with the chart below (which you click on to seeRead More

Protected: Rewrite your psychology, else you’re doomed.

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Protected: What happened next with USDCAD

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USDCAD Daily in the kill zone

Good snipers wait in the bush – they watch their prey very carefully. They take their shot when conditions are right. Every sniper knows that s/he may miss their target. DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, we do not provide investment advice,Read More

The limitations of demo trading: of pain and gain

Demo or paper trading is very advantageous to new traders in learning much of the basics of financial trading. This site strongly recommends all new traders to blow up demo accounts of any size at least 5 times!! One of the issues with that, is that new traders may come to feel demoralised and then decide that they “can’t do this”.  Well that could well be true. Note however, that nearly every successful trader hasRead More

Where the big action is – 4H

This is a short one. Over the last 3 years I’ve come to appreciate – and more so in the last year – that the really big action is on the 4H time frame.  Yes – for sure there is even bigger action on the daily (1D) time frame on lots of markets/charts. But 4H is where most of it happens. 4H is also a good time frame for new traders and seasoned traders –Read More

Another look at stop-losses

Stop-losses are very important to all new traders. In this post I look at it more deeply. The infographic below is about fixed targets which are relevant to most types of trading strategies. It is not very relevant to trend-following methods.