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 […]

This is a post I wrote for one of the Forex forums few years ago. It was under a screen name, but it is mine. No editing was done so it has a little different feel that my current work. Subject was backtesting and the thread was full of opinions that it doesn’t work, meaning it […]

One of the least eventful trading days recently. Most have been combination of Valentine’s Day on Sunday and President’s Day today. Mix in the opening of Olympics, and it becomes clear that not too many people had interest in trading. Me included. Once start of the session didn’t produce any gaps, I was out the door until […]