Why You Shouldn’t Focus On Profit When You Trade

This may sound like a contradiction, but the best way to get where you want to go in the trade – meaning profit – is to stop focusing on it. In other words, the outcome of P/L is not important. The element that is critically important is your process; that is, the...

USDCHF Turns Off Higher Prices On Price Failure

USDCHF turns off higher prices on price failure on Friday leaving risk of a pullback on the cards. Resistance resides at the 1.0250 level. Above here, resistance lies at the 1.0300 level and then the 1.0350 level. Further out, resistance comes in at the 1.0400 level....

How To Trade With An Edge

Trading is indeed a probability endeavor. Certainty is an elusive concept that has very little relevance in the trading process or in anything in life. In fact, certainty can be highly problematic as it fosters impulsivity, false assumptions and a lack of clarity and...

How Mindful Meditation Can Help Your Trading

Mindfulness, over the past few years, has become synonymous with meditation.  Now, that doesn’t mean that all who read this missive will know that to be true. In fact, there are still great numbers of people, traders included, who have no clue that this is so. ...

USDCHF Backs Off Lower Prices With Eyes On 1.0024 Zone

USDCHF backs off lower prices with eyes on 1.0024 zone. Resistance stands at the 1.0050 level. A break of there will clear the way for a run at the 1.0100 level. Above here, resistance lies at the 1.0150 level and then the 1.0200 level. On the downside, support is...

Having The Nerve To Win Will Improve Your Trading Results

As a huge sports fan, April is a great time of the year because two of my favorite sporting events happen during this month. First, the March Madness college basketball tournament finishes with the final four teams meeting for a chance at competing for the...

Why You Should Learn To Meditate As A Trader

This piece focuses on why you should learn to meditate as a trader. It is a well documented fact that alignment with one’s goals gets one to achieve one’s goals. The main reason many traders have difficulty achieving positive trading consistency is a lack...