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Here you will receive information on trading setups, trading tips and Peter’s insights.

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...

Candlestick Charts Vs Bar Charts

Candlestick Charts Vs Bar Charts

History of Candlestick Charts Charting of prices for trading seems to have been formally developed in the early 1700´s by the Japanese businessman - Munehisa Homma – as a methodology to track and analyse the price of Rice Contracts. This methodology is what has become...