Confidence is a Trader’s Best Friend

A reader sent me this email recently. Before reading it, I would like to thank him for getting in touch because it takes courage to admit being in a difficult situation. It takes courage to ask for help. “I am a trader with 22 years of experience.  Like most...

Does Practice Make Perfect?

We often talk about selecting good trades and waiting for high probability situations. However, as a member correctly pointed out, this seems to be at odds with what professionals in other fields need to do, in order to reach the highest levels of performance. Whether...

USDZAR – Has Sentiment Turned Bullish?

USDZAR has been dominated by a broad downtrend since January 2016. At the extreme, the currency pair fell by more than 30%. But does last week’s strong gains signal a lasting change in investor sentiment? This downtrend has been defined by the 21 week moving average...

The Opportunity Cost of Trading

Most people are attracted to the world of trading and investing because of the potential rewards it can offer. Rarely do people actually investigate the feasibility of such an endeavour. Truth be told, it’s quite difficult for the non-industry participants to...

3 Top Reasons Why Traders Fail to Achieve Consistency

Achieving consistency in trading is well worth the effort it takes to get there. Imagine, for example, that you can make 20% a year on your trading. Here is what happens when you compound that over 20 years. You don’t need huge gains to be a success financially, just...

Key Components of a Master Trader Mindset

In a recent article, we spoke about confidence as it pertains to trading. But one sentence in the article attracted attention: For as hard as it may be to hear, most people aren’t cut out for trading.  Some clients started asking the question: am I really cut out for...

NOKSEK – Selling pressure accelerates

After 3 weeks of minor gains, selling pressure in NOKSEK has been renewed this week. In fact negative momentum has accelerated – taking the cross to the most bearish levels traded since August 2016. NOKSEK RSI signals have been bearish all year but the spot only...

How to Trade With Confidence

Confidence is possibly a trader’s best  friend. And yet trading tends to bring out the worst in people. Confident men & women that have achieved a significant status in life often crumble when they face the inherent uncertainty of the market. So in this...

CADJPY – Trend turns Positive

Last week’s tentative close in CADJPY above the 21 week moving average has been extended in early trading this week. The move above the average confirmed an earlier positive crossover in our RSI indicator. This follows negative signals provided in March that saw...

One Way to Avoid Algo-Trading Traps

Recently I’ve been receiving questions from clients regarding the impact that algorithmic models might have on their trading strategies, and hence on their bottom line.  I don’t run algorithmic strategies myself, but through constant interaction with...

[Recording] Signals for Active Traders

In this Webinar, Steve Lucas will illustrate some “best practices” from the Institutional world. You will learn how large players use trading signals provided by 3CAnalysis to time trades, hedge financial transactions and initiate outright directional...

Priorities in Trend Trading

It’s a fact that the majority of retail traders fade large moves and are constantly looking to pick tops and bottoms. The chart below clearly illustrates the concept. Source: OANDA Historical Position Ratio On the right hand side, we have the value of...

The Pathway for Talented Traders

When we put pen to paper, usually it’s to explain some principle that can help traders progress towards consistency. In some ways, it seems that the end game is consistency. It’s not. In reality, the actual career of a trader starts when consistency is...