Trading Longer Time Frames

Trading Longer Time Frames

I am often asked about How I can hold trades for 3 months, the Psychology behind what I do and how I do it. Some common comments:           How can you hold a trade for so long?           I can´t bring myself to stay in a trade for that amount of time            Why...
Specifically Defined Turning Points

Specifically Defined Turning Points

Overview I get a lot of questions regarding the difference between High / low points and High / Low Turning Points in price action High and low turning points are the point of turn from a direction of price action at the point of change and normally occur at the end...
Accurately Drawing Trendlines

Accurately Drawing Trendlines

There is a lot written about trendlines and their application BUT most of it is generalisations about placement and meaning, which does nothing really to increase the probabilities of successful trades. There is little out there which goes into the specifics and...
Premature Ejection From Positions

Premature Ejection From Positions

I often get asked by traders why they keep on getting taken out of positions too early, only to see the price continue in the original direction.  It is an interesting question and it is my belief that the major reason for this is that people do not adequately...
Preparing For The Week Ahead

Preparing For The Week Ahead

I am often asked about my Preparation for the coming week, and what I do to prepare for it. The process is not complex but does take some time on the weekend. My approach is very much a ¨Top Down¨ approach, starting with Monthly, Weekly, Daily and H4 time frames. The...
Peter Varcoe’s Latest Book

Peter Varcoe’s Latest Book

The Inside Secrets of Elite Traders – Patterns.  2nd Edition. Living the LapTop Lifestyle   This book is the most detailed and specific book in the World on Trading Patterns.   The ONLY book that details the identification, confirmation, entry setups...
Risk and Trade Management Webinar

Risk and Trade Management Webinar

Peter was invited to deliver a Guest Trader’s Webinar for the acclaimed Traders Academy Club. The webinar was on Risk and Trade Management which will probably form the basis of  Peter’s next book. Please feel free to watch it and get back to Peter with any...
What is the Concept of Market Noise?

What is the Concept of Market Noise?

This is the simplest way I can summarize the concept of Market Noise The original concept of confirmation for an entry was close above the line denoting the boundary of sentiment (Support / Resistance). This was problematic because there was no real structure for...
Why Do Charts Appear Different?

Why Do Charts Appear Different?

AUDCAD Daily Chart.  This is how your chart should look on daily. Why do charts appear different?   If your chart looks different from someone else’s, when they should be exactly the same, it is not the time your chart is in – it could very possibly be the...
Background to the Term “On Stop”

Background to the Term “On Stop”

Edison Stock Market Telegraph Ticker 1918 Women in the Waldorf Astoria reading the Ticker Tape . Background to the Term “On Stop”       We have had a number of queries regarding the term “On Stop”.  This is the term that is used...

LATEST NEWS

LATEST NEWSHere you will receive information on trading setups, trading tips and Peter’s insights. Trading Longer Time Frames Mar 15, 2020 | 2 CommentsI am often asked about How I can hold trades for 3 months, the Psychology behind what I do and how I do it....