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Hey, I posted two others by Mark Douglas on separate posts. Atomic habits is a good one too... I hope you find the other 2 by Mark under the education section.:) If not let me know i can repost them here for you.
MONITOR YOUR PROGRESS
The longer you trade, the more difficult it becomes to keep your progress in perspective. Writing down your goals makes it easier for you to remember what you want to accomplish. It also serves as a source of motivation: who doesn’t feel inspired by looking back at where...
Having goals set in advance and knowing when to get out of a trade make up an important part of successful forex trading. Remember, a trade must be liquidated in order for a profit to be realized. Virtually every successful trader in the markets depends on some sort of plan or guidelines for...
I used it as conlfuence for Order Flow. Orderflow had it's shortcomings for me as it was very inconsistent in several ways. Though this trading methodology does work for some people :)
Attached is an example of the VSA indicator (at the bottom).... Please ignore the arrows (It was the only pic...
Money management is king and can either make or break your forex account. When thinking through money managemet it is important to consider teh following:-
1. Account Balance
2. Leverage of account
3. Lot size in relation to your account balance
1. Spread
2. Ease of funds with drawals
3. How many data sources they have (the moree the better so as to avoid charts freezing)
4.Ensure that they comply with regulators
5. Ensure that they are not a dealing desk.
6. Account details ( eg leverage offerd)
7. Curreny Pairs/ Indices/ cryptos etc...
It is important for new traders to consider how vital it is to identify, develop and maintain their strategy. The business of always changing strategy is such a waste of time really. Learn practice and stick with it if it works. Happy Trading
This indicator can be used to determine buyer and seller echaustion, churning and absorption of the candles. The end of buying activity is indicated when the VSA bar is red on a bullish candle while selling exhaustion is (End of selling activity) is when the VSA bar is black on a bearish candle...
This is an orderflow indicator by Mike Valtos. You can visit his site where he provides a detailed book on how to read orderflow and provides some signals. The most effective signal in my experience was the ratios top heavy and bottom heavy. You can input the indicator on NT7 to try it out.
These are some of the common identifiers of price reversal tat are applicable on all timeframes especially when opposing support and resistance levels.
Volume Profiling refers to an advanced charting study used to show trading activity spanning a particular trading and price levels. Also referred to as volume by price, it helps to display the amount of volume occurring at certain price levels and range as opposed to most volume indicators that...
Tape reading is an old technique that day traders used to analyze the price and volume of a given instrument. From around 1860’s through the 1960s, instrument price were transmitted over telegraph lines on the ticker tape that included a ticker symbol, price and volume. These technologies were...
One of the first things we traders learn is how to place a stop loss. An effective stop loss strategy helps stop the proverbial bleeding when market direction turns against you, cutting into your account balance.
The idea of placing a stop loss is pretty simple but choosing the right place to...
There are manytypes of footprint charts that may be available depending on the provider of the software. Some of the most common ones used are:-
Footprint Profile: It demonstrates the volume at each price through a vertical bar graph. The footprint profile allows traders to see at what prices...
Orderflow Vs Pure Price action
Orderflow analysis involves the reading of the orderflow footprint chart for various signals whereas the Pure Price action analysis involves analyzing raw price action on raw charts without any indicators. The chart could be of any kind but most often than not...
Orderflow trading is an interesting methodology of trading. For anyone interedted in this you can get one of the orderflow indicator tools below. To use it, you may have to take an online course on how to read it.
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