Price is King

Price is King

I had a belief about a trade. I had a view and a trade idea that was very carefully thought out. I ignored price and I suffered. Many traders obsess over news or their view of the fundamentals. But if you must obsess over one thing, obsess over price....
Risk-On vs. Risk-Off

Risk-On vs. Risk-Off

In the past week, we have seen a change in market dynamics. The market has finally started to focus on the rising tensions between the USA and North Korea, and we have been observing a slight Risk-Off dynamic all week long.  In this short article we...
The Fallacies of Charts

The Fallacies of Charts

  About the Author Justin is a Forex trader and Coach. He is co-owner of www.fxrenew.com, a provider of Forex signals from ex-bank and hedge fund traders (get a free trial), or get FREE access to the Advanced Forex Course for Smart Traders. If you like his writing you can subscribe...
Thinking in Terms of Risk Multiples

Thinking in Terms of Risk Multiples

One of the basic tenants of risk management is thinking in terms of risk multiples or “R-Multiples”. The term “R-multiple” was coined by Dr Van Tharp and it’s important that you not only grasp his concept, but you think in terms of it. If you are...
One Way to Avoid Algo-Trading Traps

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 industry contacts, I’ve gained a bit of insight into what...