In this episode of Truth About FX, Walter talks about trade retouches and breakouts, and moving into different timeframes depending on your goals. Do you want to see a breakout on the daily? Do you feel like you’re missing out on your current trades? You will also learn here a unique method called the “Acapulco…
EP55: Best Way to Draw Support and Resistance
Is the market bend strong enough to scream at you to take it? In this episode of Truth About FX, Walter gives some insider information on the best and easiest way to see support and resistance zones. He describes three important keys on catching support and resistance zones and choosing which candle to use. Download (Duration:…
EP54: What are the Downsides of Backtesting?
In this episode, Walter leans on the topic about the downsides of using backtesting and some of the common mistakes of using this method. He also gives some useful insider tips when backtesting to get the best and accurate data possible. But, does having this number of computer screens actually contribute a tremendous amount to…
EP53: How Many Monitors Should I Have?
In this episode, Walter gives light to a common and, yet, one of the most important trading-related questions: how many monitors should you have? According to him, you should get as much as you see fit that can accommodate your needs. But, does having this number of computer screens actually contribute a tremendous amount to…
EP52: All Time Favorite Trading Strategy
In this episode of Truth About FX, Walter talks about his favorite trading strategy. He characterizes the “Big Shadow”, trade, retracement entries and candle formations. According to him, it’s not the issue of having a “favorite” strategy but rather whether your strategy fits your personality and the markets that you’re trading. Download (Duration: 02:23 / 2.73…
EP51: A Piece of Advice for Starters
In this episode of Truth About FX, Walter drops off some useful tips for “rookie” traders on market approach, patterns, and finding the perfect system that speaks of who you are as a trader, your beliefs and lifestyle. Walter also shares an interesting read that may shock you. In this episode of Truth About FX,…
EP50: What is the Future of Forex Trading?
In this episode of Truth About FX, Walter bring up the topic about what might become of forex trading in the future in terms of technology, government regulations, and education transparency. He takes a quick backtrack on what forex trading was like back in 2000s when people were selling systems and how brokers made money…
EP49: Why Winners are Slow and Losers are Quick
In this episode of Truth About FX, Walter talks about the reason why winning trades take time while losing trades are faster at hitting the stop loss. According to Walter, it generally depends on your trading style and psychology. He also shares some useful points to get yourself away from over-analyzing and taking profits too…
EP48: Should You Shift to Lower Timeframes to Get More Trades?
In this episode of Truth About FX, Walter pulls down the curtain on the subject of switching to lower timeframes to get more trades. According to him, there are three basic reasons: science, your broker, and lifestyle. Walter also touches on “addiction mindset” and the real psychology behind the theory. Download (Duration: 7:03 / 8.08 MB) In…
EP47: Win Rate vs Risk per Trade: Which one?
In this episode of Truth About FX, Walter pulls down the curtain on the subject of focusing on win rates versus measuring a trade’s precise risk. According to him, it is highly important to backtest using a precise risk per trade. Otherwise, centering on win rates might shadow a good system that you actually have….