Everybody heard the expression “markets are always changing”. It is included in just about every book or even lengthy article about trading. This mantra sounds very sage, but exactly does it mean? Surely everybody knows that that markets are changing, all it takes is to take a look at any chart. Prices are always moving, especially in […]

Often in trading we have a situation when market makes a large move, one that breaks support/resistance triggering orders and then retraces. At this point we don’t know if this is a fake breakout, which will turn around, or a small correction within market, normal price fluctuation. After all it is relatively rare when move is straight […]

One of the most important part of trading, often overlooked, is taking profits. Everybody focuses on entries, set ups, devoting a lot of time to create “perfect strategy”, yet at the same time rules for taking profits are often left to chance. Frankly, this very understandable. Trading is an emotional endeavour, like it or not. […]