Price Action Systematic Forex Trading, Strategy, Guides and Discussions
We have a natural tendency to overcomplicate just about everything in life, and in this business, there's an endless sea of hubris. My second job was working under a guy on an FX desk for a major investment bank whose primary task was to grow the business by means of investments. He would shop around [ ] The post Complicating the Uncomplicated | Making Foundational Trades appeared first on…
Years ago, I sought to make sense of the (seemingly) several billion price patterns identified for charts. In this process, I found six topping and bottoming structures which presented themselves on a routine basis. This is one of those patterns, one of the six (and only 6) you’ll find around any reversal / continuation point. [ ] The post Square Roots appeared first on ParaCurve .
This is one of the six topping and bottoming structures found around every point of reversal on your charts. Double or top or bottom pullbacks essentially the reverse sequence of square roots. Due to the nature of the sequence, they are much less common. A double / triple top or bottom is made, then broken. [ ] The post Double Top or Bottom Pullbacks appeared first on ParaCurve .
In the early days of this site, I was asked a generic question from one of these large, mostly online financial publishing companies. It was something along the lines of What's your best piece of advice for anyone starting out in trading? Hastily, I answered, and forgot all about it. A few months later I [ ] The post Trading Plans: Too Often, Recipes for Chaos appeared first on ParaCurve .
For a while I've been wanting to go through this site and just post a series of short form items that go for the jugular, if you know what I mean. So here is my first attempt at that I've talked (over an hour and a half each time) to countless traders over the years [ ] The post No Fight, Just Flight | Death by a Thousand Papercuts appeared first on ParaCurve .
It was roughly ten years ago when I saw this pay to prop trade business model for the first time. Since then, many, many copycats have popped up and it's easy to see why: this is not the most challenging business to get going, and the money is about as good as it gets for [ ] The post Funded Trader Platforms: A (Seriously) Objective Dive Into How They Work (No Affiliate Links) appeared first on…
It was my 10th grade English teacher who introduced me to a slew of famous social experiments, most of which are centric on obedience, authority, and conformity. Stanley Milgrim, Asch, the Stanford Prison Experiment, etc., are all extremely well-known but seem to have done nothing to change actual behavior of the masses because, well, you [ ] The post Conformity. appeared first on ParaCurve .
While it's obvious I have lost most of the blogging bug over time, I still enjoy getting things up here every rare once and a while. And while there are innumerable topics to discuss in this business, the more compelling ones tend to stem from a broader understanding of what we're interacting with in the [ ] The post Taking Another Look at Price Action appeared first on ParaCurve .
I rarely do any kind of recent market commentary these days because I would never be able to keep up with it. I've been in this business for a good amount of time now. I was active during the last recession and I'll be blunt: that is the last time I have seen trading like [ ] The post Virus Headline Impacts on Liquidity, Volatility and Locations appeared first on ParaCurve .
I feel as though I can never take in enough when it comes to execution. Had I known years ago what I know now, I would have made this a much higher priority in my early days. There is a bit of a problem with this, however, as most of what we know nowadays was [ ] The post A Few Books Relating to Execution appeared first on ParaCurve .