Looking at the 1hr, there has already been a test of previous Support. I think the best bet is to wait for a new high to form and look for a test of 1.5380 or low defined by price action. That would have the benefit of limiting the size of the Stop ...

Nearly Naked (Simple Trades)

Here is a fear I haven't seen listed and thought to get opinions. Fear of lack of knowledge - tied somewhat to Fear of Loosing and Fear of being Wrong, this fear is related to being afraid that you don't know enough about Technical Analysis, ...

Trading Fears - Losing money, Missing Out, Being Wrong

"Fear of missing it ..." The question to me is not so much "missing" or passing on the bad trades. It is more a matter of missing the good setups. Those setups that are lost due to inexperience. In the beginning many good setups are lost. This isn't ...

Trading Fears - Losing money, Missing Out, Being Wrong

Very insightful post. As a new trader of six months I find myself battling those fears daily. Fears, that through perseverance I shall over come. Thus creating in me, my true Trader. Now where are me Worry Beads?! ...

Trading Fears - Losing money, Missing Out, Being Wrong

A simple method to use with MetaTrader 4 when utilizing a Fibonacci Retracement as a template is to open the properties of pre-existing version then choose the 'Fibo Levels' tab. Once you have done that, that particular Fib is now stored as the ...

Fibonacci Trading with Bobokus