In today's trading room we took 5 trades for $110 of profit. Unfortutately we did have a full 14 tick stop out in the gold market but was able to still recover and have a profit for the day. If you'd like to join us in the live trading room, come take a trial at [...]
The biggest challenge facing traders is themselves – not the markets. Understanding day trading psychology is essential to becoming successful at day trading. Typically, the first time traders experience the psychological effects of trading real money, is when they hold on to a losing trade for too long. Holding on to a losing trade for [...]
There are so many people who want to become a trader….. But as you know, it's not that easy! Every day I am getting emails from traders who tell me that they have invested a lot of money on systems, strategies and courses, spent countless hours in front of their screen staring at charts…. and [...]
In this video you will see how I take less risk and higher percentage set ups by using Fibonacci Retracements at previously established Support or Resistance. Hope this video was helpful. Adam email@example.com P.S. – If you like what I do, come take a Trial and watch me Live in the Live Trading Room. [...]
What's the difference between Fibonacci retracement and Fibonacci Extension? This video will show you the difference and examples of my trades in the live trading room. What are the Fibonacci levels? The first thing you should know about the Fibonacci tool is that it works best when the market is trending. The idea is to [...]
In this lesson we are going to learn about the Moving Average Convergence Divergence (MACD), an indicator that is built using moving averages, but is set up to give a good indication of the momentum of a particular financial instrument as well as its trend. The indicator, which was developed by Gerald Appel, is constructed [...]
Tick Charts Definition Tick charts display a certain number of trades before printing a new bar chart. Unlike other charts which are based on time, tick charts are solely based on trading activity. Tick charts are a favorite for day traders who need to make quick trading decisions and do not have the time to [...]
How to use Fibonacci retracements to limit my risk in trading. How to set-up Fibonacci. In this video I demonstrate how I am able to take the same fibonacci set ups and only have half the risk on the trade. What are the fibonacci levels for trading? How to properly use fibonacci like a pro? [...]
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Weekly trading recap for the S&P emini market. I run a live trading room that teaches you my day trading strategies and techniques that make me profitable week after week. Join the Live Trading Room at www.DirectionTrader.com Need a Trading Mentor? Here at DirectionTrader.com our trading mentor will teach you several trading techniques and tricks [...]
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