Hi Folks,

This short video is in response to an email question regarding reversal patterns or as I like to call them bias changes as this is the first point in time that price is changing direction.

Hi Folks,

I'm a little bit late with today's video but hey not much potential stating the day, only CADCHF with a break out move and most of the other pairs have put in a decent high low range overnight which is reducing my trading options today.

Looking for some deep retracements before committing to any further movements today.

Enjoy

Phil

Hi Folks,

This short video is a quasi follow up to Jerry's question and a follow up to when not to trade.

The long story short for me is that when the daily average high low range has been done or mostly done ie. >65% then I have a really low or zero expectation of any further movements based on historical averages and reduces my trading options considerably

In this video I re-cover some points that were discussed in the Live Room.

One of the main questions I get asked is "How can I trade with the trend?" The short answer is to use the price action sequence. This is somethign we already use to enter into a trade but it can also be used to trade only with the trend.

I was going to write about some thoughts today about learning from mistakes... and I had a really cool analogy which I might fit in at the end... but I spotted something that makes my blood boil on one of my rare visits to another websites forum which ties into something similar.

In this short article I will be addressing one of the keys to success in any business which is Money Management and Trade Management.

This really is something that is often glossed over as it can be quite quick to explain but is very often under valued or under appreciated as a consequence.

First off I want to explain how I manage my overall account equity.