Making Better Decisions & Decision Theory This is an excellent 5-video series about the science and psychology behind the act of making a decision. Professional traders hone the skill of decision-making and this is an excellent starting point for a new trader.
Continue readingThis exhibit at the Boston Museum of Science shows proof that although we cannot determine the outcome of every trade we take, there is a statistical reliability over a long period of trades, which allows traders to make profit in the markets they trade. This illustrates the importance of risk/reward in day trading. In […]
Continue readingLet’s learn how to use Candlesticks to make profit in any market around the world. In today’s video we are going to take a step back and look at JUST price action… Stripping your chart of all of the indicators and going back to the bare bones can give you a HUGE insight into how […]
Continue readingIn this day trading tutorial we will discuss Fibonacci retracements, projections and extensions. In addition to learning the basics of these we will also share a day trading strategy that uses a combination of these. Most day traders know about Leonardo Fibonacci, and his Fibonacci sequence, but most of the so-called ‘experts’ don’t know the […]
Continue readingIn today’s day trading tutorial we will discuss the very effective ‘Dead Cat Bounce’ Pattern. The ‘Dead Cat Bounce Pattern’ is a very simple and effective way to trade news events or fast-moving markets that are too difficult to chase. One of the most enticing trading opportunities for day traders occur after economic news events […]
Continue readingIn today’s day trading tutorial we will discuss a simple strategy for day trading the morning GAP. The ‘Morning GAP’ refers to the “range between the closing-price from yesterday and the opening-price today.” If prices move higher or lower in the overnight trading session there will be a GAP on your chart between yesterday’s closing […]
Continue readingIn today’s day trading tutorial we are going to discuss The Symmetrical AB=CD Pattern, which is one of the easiest, and most reliable day trading patterns you can find on any chart around the world. Professional traders have been using Symmetrical AB=CD Pattern for over a century to find high percentage day trading opportunities on any […]
Continue readingIn today’s day trading tutorial we will discuss one of the easiest and most profitable price-reversal patterns you can find on any market around the world, the Pipe Pattern. The Pipe Pattern looks for ‘exhaustion’ at the highs or the lows of the current daily trading-range and is used to find trading opportunities that go […]
Continue readingIn today’s day trading tutorial we will discuss one of our favorite price-reversal patterns we trade in our Live Trade Room every day with our members, the Double-Top & Bottom Pattern. · The Double-Top pattern occurs when a new high-of-day (HOD) is made and then fails to make a new higher-high on the second attempt […]
Continue readingIn today’s trading tutorial we are going to discuss one of my personal favorite price-reversal patterns, called the ‘Three Point Reversal Pattern’. This pattern is also referred to as the ‘1-2-3 Reversal’ or the ‘ABC Reversal’. The Three Point Reversal Pattern is based on the Dow Jones Theory of trend-change, and we find these simple […]
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