Trading Mindset Part One: The Scalper

by Christopher Lemieuxon June 10, 2014 5:19 am BST
Scalping is a method of trading that many traders try to implement, but many fail to take hold of its benefits due to conflicting mindsets unique to each trader. The purpose of a scalping strategy is to take advantage of small price movements throughout the day using large leveraged positions. The idea is to enter and […]

Are Stop Hunts A Real Occurrence?

by Christopher Lemieuxon May 31, 2014 5:24 am BST
Have you ever seen a move on a position that seemed to come out of nowhere? Likely, the move was just enough to take out your stop-loss order and kick you out of the trade. It, then, seemingly reverts back to its original directional movement. You then ask yourself “did the market just single my […]

The Devil is in the Drawdown

by Christopher Lemieuxon April 12, 2014 7:58 pm BST
Drawdown is a concept many beginners do not focus enough time on. It is the difference between the account’s equity low and equity high as expressed as a percentage of the total trading equity. If a trader had no losing trades, then the account would not experience drawdown. Drawdown begins on the trader’s first losing […]

Economics of Price Action: Supply and Demand Zones

by Christopher Lemieuxon March 22, 2014 6:49 pm BST
The economic principles of supply and demand states that in a competitive market, a unit price for a certain good will vary until the quantity demanded for the good will equal the quantity supplied of the good at the current price. Price action within a particular currency pair represents the same price determination. There are […]