Trading Update 2nd June 2021

Bitcoin analysis ABCD waves in place, target for E-wave trading around 39 -39200. There is a possible wave five shown at 0.38, however it appears a bit flakey around (where marked) at points 1 & 2. Still looking for confirmation and looking pretty negative. Ethereum (ETHUSD)We have wave 5 in place, so on this one… Continue reading Trading Update 2nd June 2021

Scalping NQ Futures

Another student trade. Although the day was profitable, believe it or not, he called the bottom. But he didn’t take the trade because of fear of losing what he had gained. 2021-04-20 NQ Futures Trading Chart Does psychology & patience trump analysis?

Why Trading is All About Psychology & Patience

Although this entry on the Nasdaq Future was near perfect, one of my students bottled it. Why? Because he thought it was going to come back & take his stop. This is a classic example of not allowing the trade to breathe through fear of losing. Image of Trading Chart Nasdaq Futures 16/04/2021