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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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
We may take it for granted that it’s all about ‘demand and supply’ which determines stock prices. Then I asked myself a few more questions like, “How does that actually work?” – I realised that I didn’t really know. I mean, who sets the price? How is it set? Does the organisation which the share ...
Trello is an online information management system. Most ordinary people use Trello to manage to-do lists, manage projects and collaborate ideas. I’ve been using Trello in the last few weeks to track many opportunities, stalk a few, document my experience, and learn from mistakes or successes. Trello can easily upload images created in Tradingview or ...
The relative strength index (RSI) is an indicator used in what’s called ‘technical analysis’. As with most things you read it, you see it, you play with it, and you think you understand it. But for me – as happened recently – the power of the concept suddenly came home in live trading. My eyes ...
I’ve been thinking much more about strategy and planning. I’m appreciating even more how the fruits to be had from this approach. This hit home really well when on Friday 25th July 2015, I achieved a good profit on some trades, shown below. On reflection what I did very differently was to select Athenahealth carefully ...