Backpack Trader

Tag: winning tradeplans

The Best Way to Trade Forex

The best way to trade forex is with a capable trade manager interface that can do everything you want it to do. Most traders are still using MT4 to trade forex. This is such an old platform and hasn’t really kept up over the years. It has many advantages because most brokers still offer it…

August 22, 2020
Simple Trading Strategies are the Most Profitable

Simple trade strategies are the most profitable, usually because one could learn them, master them, and execute them without mistakes. The more advanced a strategy, the more likely it is to make mistakes which can really add up. Also, it’s hard to know when a strategy is broken, when too complex. The Counter Punch Xpress…

August 7, 2020
Crude Oil Mini Session, A Model to Duplicate

Our Crude Oil mini session, which I presented some time ago, is a model for how one can think about their own trading. There are plenty of other markets and charts that can be traded with the same approach. Unleaded Gas futures come to mind. But there are many more. But while Crude Oil is…

January 31, 2020
GBPJPY is Short Again

The GBPJPY has been heading lower but more importantly, our special 4 hour chart swingtrade plan has just won 5 trades in a row. It just got short again. Will it have enough juice in the tank to win its 6th trade in a row? No one knows for sure, until after the fact. What…

May 29, 2019