egy builder software, and to practise the trade on a trade simulator until he had mastered each price pattern that he had selected for trading. He would do this until he was convinced of the profitablity of the price pattern.

If you are an active trader, I cannot over emphasise the importance of adopting this technique of testing each trading strategy with a strategy builder software and then to practise trading the pattern in a trade simulator or at least a demo account with live data.

While being familiar with the individual trade pattern

I had the pleasure to interview a well known professional trader and trading coach when I was in the midst of authoring an ebook on trading. Currently, one of the world's acknowledged time-price trading specialist, this trader has authored two books on dynamic time and price analysis in futures and commodities.

When I asked him when did he became a profitable trader, I was very surprised when he replied that he became profitable from day one of his actual trading! I thought that was excellent, because most traders would have taken some time to become consistently profitable, or have to struggle through periods of gains and losses before being consistently profitable.

Prodded further, I discovered two main things that contributed to his sterling success as a trader.

Firstly, he revealed that he spent time to study his trading setups, and would concentrate on trading certain price patterns that recur consistently. To do this, he researched the profitably of these chart patterns from the risk-reward ratios of each occurrence in the past using a strategy builder software. In that way, he could know how each chart pattern performed, what chart pattern that would occur consistently across the same financial vehicle or currency pair, and would be profitable enough for him to trade. He built up confidence in each chart pattern that he was trading, and could take the confidence directly into the real trading environment.

Secondly, he revealed that he would use the barest of technical indicators, and traded mostly using time and price. This involved a computation of price levels, fibonacci price retracements from peaks and rebounds from bottoms, and a corresponding computation of the time pressure points. Time pressure points are the points where price clusters will form to suggest a probable change in trend. It is at these points that he would place a lot of attention to, watching the outbreak from a price pattern, which would be the place where he would enter or exit a trade.

As I recounted this interview with him, I realised that one prominent factor contributed greatly to his success.

It was his insistence to test every price pattern and strategy out on his strategy builder software, and to practise the trade on a trade simulator until he had mastered each price pattern that he had selected for trading. He would do this until he was convinced of the profitablity of the price pattern.

If you are an active trader, I cannot over emphasise the importance of adopting this technique of testing each trading strategy with a strategy builder software and then to practise trading the pattern in a trade simulator or at least a demo account with live data.

While being familiar with the individual trade pattern,

come consistently profitable, or have to struggle through periods of gains and losses before being consistently profitable.

Prodded further, I discovered two main things that contributed to his sterling success as a trader.

Firstly, he revealed that he spent time to study his trading setups, and would concentrate on trading certain price patterns that recur consistently. To do this, he researched the profitably of these chart patterns from the risk-reward ratios of each occurrence in the past using a strategy builder software. In that way, he could know how each chart pattern performed, what chart pattern that would occur consistently across the same financial vehicle or currency pair, and would be profitable enough for him to trade. He built up confidence in each chart pattern that he was trading, and could take the confidence directly into the real trading environment.

Secondly, he revealed that he would use the barest of technical indicators, and traded mostly using time and price. This involved a computation of price levels, fibonacci price retracements from peaks and rebounds from bottoms, and a corresponding computation of the time pressure points. Time pressure points are the points where price clusters will form to suggest a probable change in trend. It is at these points that he would place a lot of attention to, watching the outbreak from a price pattern, which would be the place where he would enter or exit a trade.

As I recounted this interview with him, I realised that one prominent factor contributed greatly to his success.

It was his insistence to test every price pattern and strategy out on his strategy builder software, and to practise the trade on a trade simulator until he had mastered each price pattern that he had selected for trading. He would do this until he was convinced of the profitablity of the price pattern.

If you are an active trader, I cannot over emphasise the importance of adopting this technique of testing each trading strategy with a strategy builder software and then to practise trading the pattern in a trade simulator or at least a demo account with live data.

While being familiar with the individual trade pattern

he could know how each chart pattern performed, what chart pattern that would occur consistently across the same financial vehicle or currency pair, and would be profitable enough for him to trade. He built up confidence in each chart pattern that he was trading, and could take the confidence directly into the real trading environment.

Secondly, he revealed that he would use the barest of technical indicators, and traded mostly using time and price. This involved a computation of price levels, fibonacci price retracements from peaks and rebounds from bottoms, and a corresponding computation of the time pressure points. Time pressure points are the points where price clusters will form to suggest a probable change in trend. It is at these points that he would place a lot of attention to, watching the outbreak from a price pattern, which would be the place where he would enter or exit a trade.

As I recounted this interview with him, I realised that one prominent factor contributed greatly to his success.

It was his insistence to test every price pattern and strategy out on his strategy builder software, and to practise the trade on a trade simulator until he had mastered each price pattern that he had selected for trading. He would do this until he was convinced of the profitablity of the price pattern.

If you are an active trader, I cannot over emphasise the importance of adopting this technique of testing each trading strategy with a strategy builder software and then to practise trading the pattern in a trade simulator or at least a demo account with live data.

While being familiar with the individual trade pattern

from bottoms, and a corresponding computation of the time pressure points. Time pressure points are the points where price clusters will form to suggest a probable change in trend. It is at these points that he would place a lot of attention to, watching the outbreak from a price pattern, which would be the place where he would enter or exit a trade.

As I recounted this interview with him, I realised that one prominent factor contributed greatly to his success.

It was his insistence to test every price pattern and strategy out on his strategy builder software, and to practise the trade on a trade simulator until he had mastered each price pattern that he had selected for trading. He would do this until he was convinced of the profitablity of the price pattern.

If you are an active trader, I cannot over emphasise the importance of adopting this technique of testing each trading strategy with a strategy builder software and then to practise trading the pattern in a trade simulator or at least a demo account with live data.

While being familiar with the individual trade pattern

egy builder software, and to practise the trade on a trade simulator until he had mastered each price pattern that he had selected for trading. He would do this until he was convinced of the profitablity of the price pattern.

If you are an active trader, I cannot over emphasise the importance of adopting this technique of testing each trading strategy with a strategy builder software and then to practise trading the pattern in a trade simulator or at least a demo account with live data.

While being familiar with the individual trade pattern, merely going through this process hones the reflexes, so that you can readily jump on to a trade that has just begun to show promise.