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Posted by Mark Thomas on Monday, December 7, 2009,
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Mark Thomas
 Mark Thomas -- Trade On TrackContinuing on with our price action study, in this article we'll put together a plan for analysing a particular currency pair, on a particular time frame, and see if we can work out a way to get some probabilities on price continuation. In the last article we talked about a study that was published a few years ago that presented some probabilities of price continuing in the same direction. For instance, the study said that if the EUR/USD moved 15 pips on a 1hr cha... Continue reading ...
Posted by Mark Thomas on Friday, November 20, 2009,
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Mark Thomas
 Mark Thomas-- Trade On TrackThis is the first part in a new article series where we study how price moves and how we can profit from the results of what we uncover. This topic of "price action" was inspired by a report that was recently sent to me called "Predicting Price Action", written by Scott Owens with Omer Lizotte in November 2004 ( it can be found here: ). That report is obviously dated, and its methods and results were questionable. So, this article series will expand on this repor... Continue reading ...
Posted by Mark Thomas on Sunday, November 15, 2009,
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 Read Part 1 HereMark Thomas-- Trade On Track In this second article in The Business of Trading, we address other attributes, skills, processes and equipment that you'll need to utilise in your trading business. Trading is a serious endeavour to undertake, treat it with the respect and commitment you would give to any other profitable business. EquipmentFortunately, the equipment required to get started in online forex trading is minimal and easily accessible. You can get started with any h... Continue reading ...
Posted by Mark Thomas on Sunday, November 8, 2009,
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Mark Thomas
 Mark Thomas-- Trade On TrackLooking to make money from forex trading? That's the aim for most of us and at first, it looks like such an easy thing to do! It turns out to be not so simple though, and I believe many things need to be addressed in a business-like manner in order to be a truly successful trader. To make money in any business requires skills, experience, knowledge, dedication and hard work - the business of trading is no different. What it means to run trading as a business Ther... Continue reading ...
Posted by Mark Thomas on Sunday, November 1, 2009,
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 Mark Thomas -- Trade on TrackI believe one of the biggest mistakes you can make in forex trading is trying things half-heartedly, moving from mentor to mentor, strategy to strategy - always believing there's a better way to do things out there. I believe one of the keys to success is to master a technique or set of techniques, master the markets, master your craft. This article is partly inspired by a recently recorded interview of Tony Robbins that I listened to last night. He emphasizes the... Continue reading ...
Posted by Mark Thomas on Sunday, October 25, 2009,
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Mark Thomas
 Mark Thomas-- Trade On TrackWhen reading articles from experienced forex traders trying to teach you something, you normally only hear about how this one was a winner and that one made you 500 pips. Well, here's a spanner in the works - here's how things can go wrong too, because it happens to all of us and it's part of trading. If you want to be a good trader, you're going to need to be able to deal with losses, sometimes big or very frustrating losses. So, here's my story from Friday tra... Continue reading ...
Posted by Mark Thomas on Wednesday, October 21, 2009,
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 Mark Thomas -- Trade On TrackThere's a buzz around the forex world at the moment in regard to correlations between currency pairs and how you can use them to your advantage in your trading. While I haven't personally downloaded or read any of the "secret" reports on this subject, I thought it might be useful to discuss this topic and to give some examples of how I use currency correlations in my own trading. A "correlation" is a statistical measure of the relationship between currency pairs. ... Continue reading ...
Posted by Mark Thomas on Saturday, October 17, 2009,
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Mark Thomas
Mark Thomas-- Trade On TrackIn this article we will complete the pseudo-code logic behind our fractal-based trailing stop. Previously (see this article: http://www.winnersedgetrading.com/trade-of-the-day/defining-our-fractal-based-trailing-stop-ea), we explored how a fractal point itself could be defined in pseudo-code and we also defined some variables that would remember where our last fractal points were. In addition, we created some pseudo-code logic to tell us where the trailing stop wo... Continue reading ...
Posted by Mark Thomas on Friday, October 16, 2009,
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Mark Thomas
 Mark Thomas-- Trade On TrackWhile on the topic of fractals, here's another great use for them: drawing trend lines! Trend lines are a very important part of technical analysis, in fact, they're probably the one thing you need to get right before you move onto more advanced forms of technical analysis. Trend lines can be drawn in lots of different ways, but I'll explain in this article and video how to draw basic uptrend and downtrend lines using fractal points. Trend lines are great for id... Continue reading ...
Posted by Mark Thomas on Friday, October 9, 2009,
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Mark Thomas
Mark Thomas-- Trade on TrackFirst of all: Casey made a great call on the double-top reversal of the GBP/USD today. The move is not over yet, the bear is still jumping out of the window (so to speak), and we expect it to move somewhat lower yet. This move is another great example of identifying and using fractals, so that is what this article will concentrate on. Here's a 3hr chart (very similar to a 4hr) of the GBP/USD over the last couple of weeks:  Casey already pointed out the double-top wh... Continue reading ...
Posted by Mark Thomas on Wednesday, October 7, 2009,
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Mark Thomas
Mark Thomas-- Trade On TrackIn this article we're moving from 'designing' to 'defining'. We're going to start specifying exactly what our automated trailing stop will do and how it will do it. If you're not interested in automation, then please don't be put off ... the breaking down of this trailing stop strategy into little pieces should still be interesting and perhaps useful to you. I'm going to start breaking down our strategy into pseudo-code in this article. Pseudo-code is a logical, ... Continue reading ...
Posted by Mark Thomas on Saturday, October 3, 2009,
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Mark Thomas
Mark Thomas -- Trade on TrackBefore I lose you, let me quickly explain what a "fractal-based trailing stop EA" is - it's more useful and interesting than it might first appear! What we're going to do over the course of the next few articles is to design and develop an Expert Advisor (an automated trading system) that positions and moves our stop loss for us, based on fractals. This EA is not going to be a fully automated trading system, it's just going to automate our stop loss for us. This... Continue reading ...
Posted by Mark Thomas on Tuesday, September 29, 2009,
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Mark Thomas
 Mark Thomas -- Trade On TrackIn this article we're taking a slight deviation from automated trading topics, but we will return to them for the weekend article (when I'll present some "robot" code that you should find quite useful). In this article, we'll discuss the importance of thinking positively when trading. If you are trying to make profits out of the forex market then you'll soon discover a myriad of different strategies and techniques that you can use in the operation of your trading ... Continue reading ...
Posted by Mark Thomas on Friday, September 25, 2009,
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Mark Thomas
 Mark Thomas-- Trade On TrackIt's easy to believe in the current forex climate, that Expert Advisors (EAs) for Metatrader 4 are the only way that you can get into automated forex trading. With all the trading robot scams and high-powered marketing that goes on with MT4 EAs, many traders think that running MT4 is the only choice they have. There are in fact many software vendors who provide trading platforms that allow for some form of automation. This article will cover a few of them along ... Continue reading ...
Posted by Mark Thomas on Tuesday, September 22, 2009,
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Mark Thomas
Mark Thomas -- Trade On Track
An important step in the development of an automated forex trading strategy (trading robot or EA) is the testing phase. Testing should involve back-testing as well as forward-testing and be performed as accurately and extensively as possible. No amount of testing can absolutely assure future results, so the idea is to be as sure as possible!
Why Test?
The answer seems obvious ... so that you can be reasonably sure of what you'll get from your automated trading str... Continue reading ...
Posted by Mark Thomas on Friday, September 18, 2009,
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Mark Thomas
 This article opens up a new series where we talk about the development of trading robots, sometimes called Expert Advisors or EAs. Trading bots are increasing in popularity in the forex world and many newcomers jump in and buy them without really knowing what they're doing. This article series will hopefully enlighten you as to what they're all about, what to look for and how to avoid the various pitfalls. In this first article, we'll cover what a trading robot actually is, the reasons for u... Continue reading ...
Posted by Mark Thomas on Tuesday, September 15, 2009,
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Mark Thomas
A forex trading log is an important but often underutilized asset for many traders. Profitable traders will often make mention of discipline as the cornerstone to their success and this normally starts with keeping accurate records of all their trade activities. It is important to develop the habit of tracking your trades and analyzing their performance. This will provide great benefits to you if you hope to become one of the few that successfully build long-term and consistent profits.
A for... Continue reading ...
Posted by Mark Thomas on Friday, September 11, 2009,
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Mark Thomas
 Mark Thomas - Trade on TrackDiscipline is often quoted as one of the cornerstones of a successful trader, but how do we get it? What importance does it really have in how well we do? In this article I'll discuss the importance of discipline and some tricks you can use to improve your trading discipline. Learning to trade tells us a lot about ourselves, our personalities, our strengths and weaknesses. We may discover that our self control is lacking, that we love to chase excitement at virtu... Continue reading ...
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Casey Stubbs
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
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