How to follow market action in ‘High Definition’

How to follow market action in ‘High Definition’

You might run candlesticks as your day-to-day default chart, but when you’re doing your bigger-picture analysis you might look at line charts and bar charts too. They can all help bring additional bits and pieces to your attention: patterns or price features you might not always spot so easily when running your regular candlesticks. So […]

More quality at Newmarket

Today and through the weekend, the Newmarket race meeting is high quality. Listed races, Group 2 races, Group 3 races today. Tomorrow sees the Cheveley Park Stakes and Middle Park Stakes. I approach these quality races by looking at the past as a cue to the future. www.thestatsdontlie.com is the website I use. https://www.thestatsdontlie.com/horse-racing/flat/cheveley-park-stakes/ and […]

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Why I like my charts naked

Why I like my charts naked

You might know I’m not a massive fan of technical indicators… (I’m talking about things like Stochastic Indicators, MACD, RSI and all those other exotic sounding tools.) If you’ve been following my stuff for a while you’ve probably noticed I lean more towards pure ‘Price Action’ when it comes to technical analysis. And that means […]

5 reckless ways to ruin your trades

5 reckless ways to ruin your trades

Ever feel you’re not quite in control of your trading actions? Do greed and fear drive your decisions rather than a proven trading plan? Let me tell you exactly what signs to look for. And then I’ll tell you what to do about it. 5 ways reckless ways to ruin your trades 1) You trade […]

The ‘Big Cat’ way to trade

The ‘Big Cat’ way to trade

You know, there’s a lot you can achieve by observing the natural world. And I’m not sure if I’ve been overdoing the BBC4 documentaries recently but it’s really been on my mind. I watched an engineering firm in Africa put a super-efficient ventilation system into a shopping centre. They based it on the natural structure […]

New Balls Please

York Ebor meeting continues today and tomorrow and it’s a good opportunity for you to use websites like thestatsdontlie.com to shortlist selections based on past race trends. I showed you how to do that in past eletters , and to some success in the featured races. New Balls Please. No, my wife hasn’t found my […]

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How to beat FOMO

How to beat FOMO

A question arrives from Jin: “I have no problem identifying high probability trades and opening them. My problem is FOMO* on a big runner. So I end up getting stopped out at evens or a small loss after giving 20,30,40 points or so back. Even when I recognise I should bank this profit. Can you […]

The problem with trader’s brains

The problem with trader’s brains

There are LOTS of new traders in the markets at the moment. It’s a knock-on effect of people working from home or being furloughed from their jobs. So I’ve been nosing around some online trading communities. I’ve been trying to get a feel for what people are trying to achieve at the moment. And also […]

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