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Tips and strategies for trading price action in Forex.
Like “street smarts,” chart smarts come from experience. It means you can manage difficult and challenging situations and come out on top. You, Top Dog! You can recognize the patterns and make the right decision.
It takes a little time and a few bumps along the way to get a handle on the way things work, but price action isn’t complicated. It’s just trends and ranges. Once you start to see the repeatable patterns you have a sense about what to do.
Without “street smarts” you wouldn’t last 10 minutes on the streets of New York City (or Los Angeles, or Paris…) without getting ripped off. Is it any different in trading? Nope! Get on the list for Chart Smarts Emails, and I’ll send you 1 to 2 emails a week with quick tips and valuable trading insights. I’ll even throw you a pop quiz every now and then just to make sure you know what you know!
I’m like a dog with a bone when it comes to trading, because there are things we’ve been told that are not true, and I’m determined to get it right! I’ll challenge a few mainstream ideas about trading, and show you a new angle to consider. For example: risking 1 to gain 3 is suggested as “safe” or “responsible,” but, in reality, it’s a perfect way to ruin a good setup! Don’t do that! Here’s another little known truth in trading: the trades you take after a loss have the greatest potential. Are you taking advantage of that?
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