Author Archives: JLTrader

Paul Tudor Jones and Elliott Wave Theory

By | September 12, 2015

Paul Tudor Jones and Elliott Wave Theory A few months ago I wrote an article addressing the magical powers attributed by some to Fibonacci analysis. What I had planned to write next about was Elliot Wave Theory, which I consider to be an equally ridiculous and degrading part of technical analysis. But, a couple of… Read More »

The Battle of Price Action Trading Giants – Chris Capre vs Nial Fuller

By | September 9, 2015

The Battle of Price Action Trading Giants – Chris Capre vs Nial Fuller I’ve mentioned the universe of price action sellers before on this website. Today I’m going to revisit the subject because one of them has started sharing actual trading performance data of himself and his students + something very funny happened. Someone sent me this… Read More »

Original Turtles Trading Rules

By | August 16, 2015

Original Turtles Trading Rules   I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80 percent as good as what we taught our people. What they couldn’t do is… Read More »

Anatomy of a Trade And a Trading Lesson

By | August 14, 2015

After all, the game of speculation isn’t all mathematics or set rules, however rigid the main laws may be. Even in my tape reading something enters that is more than mere arithmetic. There is what I call the behavior of a stock, actions that enable you to judge whether or not it is going to… Read More »

Trading as a War Zone

By | August 10, 2015

You know how some propagandists (from the passive, buy the index camp) like to portray active trading or investing as a war zone. There you are with your laptop or four screen PC  pitted against the brightest PhDs and quants that the money of hedgefunds and banks can hire. It’s like a caveman with a… Read More »

How Much Money Do You Need To Start Forex Trading ?

By | August 9, 2015

This is the kind of question that gets asked a lot by beginners. After they become a little bit more familiar with forex trading, they’ll start asking ‘how much money do you need to trade for a living ?’. Well, that’s a subject for another article. If you look at brokers’ offers, you’ll notice that… Read More »

Eight Rules of a Serious Trader

By | August 7, 2015

Many people mistakenly think that the behavior of markets is truly predictable. They open up the trading platform, draw a few lines, add some indicators, perhaps also pay attention to news and announcements, and expect the market to duly submit to their price targets. Well, of course, if they last long enough, they’ll come to… Read More »