[youtube http://www.youtube.com/watch?v=N00XKtROddc?wmode=transparent]

People talk about maximizing profits, but that’s nonsense. If people really wanted to maximize profits, portfolio managers would have the easiest job in the world. Clients would kiss you when you suffer a 95-percent drawdown, because that’s want y…

The question is: Do you train at all? I do not mean just by trading. I mean practicing, going through historical trades, review you recorded trades {good and bad}, your emotional notes, your tapes, your plays over and over again. Everyday, rigorou…

Here is what I call a A level play. 1] there is a flip in place {sup becomes res and vice versa}2] 3 identical touches are in place3] before the break there is a strong attack {velocity leading to a high selling or buying pressure} 4] just before …

Good speech of a friend and partner in crime. Jony was one of the few people who could stand still against Steve’s arguments. I love this bit of his speech: …” and I would wait for innevitable phone call: ‘Hey Jony, this hotel sucks, lets go!” ….

Just a few thoughts about the upcoming market plays:USDCHF – BUYERS & SELLERS zone identified, so far USDCHF long in SUPPORT for further appreciationEURUSD – 2400 level looks strong, Possible retracement ahead of us. Best point of exit in case we …

I am watching several pairs and their important levels:EURJPY – 97.27 for possible long signalGBPJPY – for push back towards 123.20, reloading the LONGSAUDUSD – below 0225 it will start to get interesting for BEARS

EURUSD has dropped a lot recently (500pips in less than a 8days to be precise). With the 2150 ahead we can expect some profit taking. Since we are in a descending channel we can expect the the buying to be over at 2320’s {H4 pivot support}. For th…

Reminds me the important thing of trading, of life, of everything. Be in the moment. Be here now.

So for the last several years I have been recording trades as a video cast. Only in the last seven months I have started to do it more regularly. The recording is very easy. Every weekend I pick up three trades of the past week I want to record. I…