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The ABCD harmonic is one of the simplest, yet most fundamental and profitable patterns to trade (says Scott Carney). Carney’s criteria are freely available on various internet sources and on YouTube. Importantly, finding the pattern and ensuring it is accurate is only the first phase of any potential trade setup. There are several other steps ...
In my post ‘Tools – not fools’, I left out books. At that time I had not read many good books on trading, so it was a terrible omission. I was preoccupied with learning from books that did mainly analyses of various sorts. I had focused less as most noobs do, on ‘trying to trade ...
I’m totally sickened by the fact that many so-called expert traders (self-proclaimed) have monetised their various websites by charging a fee for memberships or selling courses etc. I do not mean attracting income from advertising of independent sources. Some sites advertise and take a cut from advertisers if members sign up to various services/opportunities. I’ve ...
This could well be about playing piano or any other musical instrument. Trading is about developing a passion, persistence, pressing forward, practicing, making mistakes, living your dream. The same goes for those who excel and music. I only came across Cesar Huesca by accident on YouTube. Other than that, I don’t know the guy from ...
It’s an interesting word but not many know it’s full meaning. It isn’t about becoming an automaton. The Wikepedia definition of automaticity is, “The ability to do things without occupying the mind with the low-level details required, allowing it to become an automatic response pattern or habit. It is usually the result of learning, repetition, ...
Negative things are often avoided by lots of people. Everybody likes a nice positive story. But it’s strange though, how bad news sells more than good news. Talk to the media houses. So at least people say to themselves and others that they don’t like negative stuff, but they’re all tanking up on it in ...
It’s an unusual name, was my first thought. There’s so much that’s going on in the world, it’s natural to think, “Never heard of him! Yet another guru?”. In fact there is only a small handful of photos of Zanger available on the internet. He’s little known outside of trading circles. Even in trading circles ...
I’ve been studying harmonics now for the last 6 months or so. It’s not been an easy task. This introduction is a summary of what I have learned about how they may be used and some of the difficulties. Harmonic trading is about finding and exploiting certain patterns that are regularly seen in all kinds ...
There are some truly exceptional expert traders out there. Dan Zanger is such a person. He’s turned 10K into 18Million in 18 months. I shan’t be giving a list of similar persons. Google is your friend. Many a struggling trader will say or think to themselves, “These people are just gifted; it’s in their genes!” ...
The following is my reflection on the characteristics of successful traders. I do not go into long explanations on each of these. Some of these overlap each other: Toughness and resilience – taking the hard knocks, not being crushed by failure, rising again, facing reality. Determination – a refusal to accept defeat. Probably a double ...
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