Category: Trading Wisdom
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Forex Swing Trades Setting Up
Forex Swing trades that we’re looking at are as follows. Trading is risky and this is not meant to be construed as financial or trading advice. These are meant for educational purposes only. Short GBPJPY Entry is 142.84 Stop Loss t 146.46 At 140.05; move stop to Break Even Take 25% of Position off at…
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Trading the Crude Oil Report for Consistent Profits
Trading the Crude Oil Report, as you know by now, is one of our most consistently profitable daytrade strategies we have. We’ve been trading it live in the traderoom for years. I typically post the session videos on YouTube. Have you joined our channel yet, Netpicks Trading Desk? Please do so. We are always posting…
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Forex Swing Trading for Low Maintenance Trades
Forex swing trading is as backpack trader as you can get. Why? Because you can spend on average, 5 to 15 minutes per day, at the end of the day, and that’s it. It is the lowest maintenance trade style I know of. Let me give you some examples. We’re on the verge of rolling…
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Trading Abroad vs Trading from Home
I’d rather be trading abroad if given the choice. Don’t get me wrong, I love where I live and trading at home is definitely not something I plan no giving up anytime soon. While others are stuck in horrible Bay Area traffic for 10 or more hours per week, my biggest obsticle is not stubbing…
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Winning Tradeplans are the Secrets to Success
Winning tradeplans, like our Spotlight Power Trader Crude Oil plan, is how one can achieve ongoing success. You can see it by this week’s trade results. Notice how minimal risk exposure to the market gets the job done. You’ll see it in the below examples. Crude oil hit its tradeplan goals within minutes each session…
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The Perfect Trading Session, Crude Oil Report
This is truly the perfect trading session. It wins so much. Today, the full trading goals were reached with the very first trade. Both Spotlight Power Trader and Counter Punch Trader were one and done, finished within minutes. That’s what makes this the perfect trading session. It just wins so often and requires such little…
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My Favorite Trade — Head Fakes Make Money
My favorite trade is a counter intuitive, trader trade, where I wait for a head fake and then take the big move that typically happens in the opposite direct. In fact, I gave a spontaneous clinic on this sexy maneuver today in the traderoom. If you want to hear about this setup, how my day…
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Simple Trade Technique that Stacks the Odds in Your Favor
This simple trade technique is nothing new, but many people probably don’t know about it. I showed it yesterday during my Wealth365 presentation and in fact, jumped on a trade about 30 minutes before my curtain call. Basically I look for a particular candle stick that stabs up into ‘my lines.’ When I say ‘my…
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Reliable Winning Tradeplan that Keeps on Winning
The most reliable winning tradeplan I know of is the one we do each and every week. The most reliable winning tradeplan happens two minutes after the Crude Oil Inventory Report comes out and I’ve been recording these exact sessions for years. Trading doesn’t have to be difficult or mysterious. Well perhaps the fact…
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Winning Crude Oil Inventory Session, Miami Beach
My Winning Crude Oil Inventory Session from Miami Beach This weekly trade captures the essence of the BackPack Trader. In the true spirit of the Backpack Trader, I traded from my hotel balcony today, overlooking the lively Espanola Way. Have laptop (and internet), will travel! Trading my winning crude oil inventory session with one of…