Home / Author – Moritz

Author – Moritz

MoritzCBelow, you find all articles written by Moritz. Just click on the title or the image to read the full article.

Full bio: click here

Want to learn how to trade my strategy? Take a look: Tradeciety Pro Trading course

I have never looked too much into volume because in Forex it wasn’t of much use when I started trading. Now in Stocks that is obviously a whole different story. Here, volume is actually a very useful indicator. I apply volume to classic chart pattern breakout trades on a daily basis and it has been…
Change is progress, stagnation is death. That is the truest truth, especially in capitalism and thus also in trading. Grow or die. But then the real question is, why do so many people want to go backward? Everything was better before, we will make this and that great again, bla bla bla, yada yada yada. And why…
I just concluded the best first half of a year in my whole trading career. I did so while drastically reducing my average risk(%) per trade. This sounds counterintuitive at first, but let me get into the details. Previously, I employed a dynamic risk model that varied position size depending on multiple factors, i.e. quality…
What if you needed only around 45 minutes per day to manage your open trades and scan for new opportunities to make money? Enter: Finviz and the Stock Market. I’m a classic technical analyst/chartist. Always have been, always will be. I also have always been a daytrader, but I am transitioning more and more to…
You lose money every day. No matter whether you are a winning trader or a losing trader, right now in this moment you are bleeding money. Let’s do a little thought experiment. Most people reading this do not follow any best practices when it comes to trading. Yes, that’s you. You also don’t follow proper risk…
8 Comments
Tips
In trading, there is a ton of things we can control but the most important thing we cannot control – the market, which is why we have to be in absolute control of everything else pretty much all the time. I know – especially for long-term readers of this blog – that some of these…
In an everlasting effort to make my life even more awesome (and easier) and because I can never stop learning, I dabble in pretty much everything that trading has to offer. So, some months ago, I started to get into trading Stocks on a longer-term basis (Daily charts and higher). The more I got into…
If someone would ask me about the primary reason why people fail in trading then I’d say it is because they truly don’t understand probabilities and drawdowns. “You have to learn to lose before you can win” – who hasn’t come across this quote in his trading career? And didn’t everyone immediately think “of course…
Inspired by recent events I once again had to re-think my approach to and handling of worldly ongoings. My never-ending curiosity and drive to be informed are directly conflicting with my need to stay sane and productive. I have always been a bit more on the overthinking/worrying side, especially regarding the future and human relations…
Following up with my last swing trading article, today I want to go a bit into detail about a particular setup I am trading that allows me to get in with or without price action confirmation. It is based on the confluence of Support/Resistance, Supply/Demand and the Fibonacci 50% Retracement. The principles, as always, stay…
I have written about my higher timeframe price action trendfollowing strategy before, and many times was asked to elaborate a bit further on it, so today I will do just that. I trade this strategy on the 4-Hour, Daily, Weekly and Monthly Charts and, as always, mostly with the trend, sometimes there are setups in…
No Comments
How To
Once more I did not have a lot of time for trading as I was in Singapore (VLOG coming soon!) last week, promoting Edgewonk, and then I traveled back to Chiang Mai. Here are the two trades, one winner, one break-even trade. A steadily growing portion of my trading is done on higher timeframes these days, and…
This week, I took one interesting trade (and 2 scratches). I did not have much time for trading as I traveled to Singapore in order to promote Edgewonk, our baby. It went quite well and I’m having a great time here. I will still be in SG until Thursday and thus will have time to…
Another week in Thailand has passed and another bucketload of pips was offered by the markets. Here are my three favorite trades. Trade #1 – GBPJPY, 23 Pips Stop, 47 Pips Profit, Winner We retested the consolidation after breaking out of it and then broke through the Pivot. That’s when my first trade got stopped…
Last week was finally a great one with great trends on multiple pairs and not only that, we also were able to find triple-A entries all over the place. Here are three trades I took, they are all following the exact same pattern – break and retest of S/R in confluence with a Pivot, price…
This week was pretty slow, I took exactly 2 trades. But those worked out nicely, as well. The Asian session continued to be a reliable trend-continuation time and the Lond and New York sessions continued to be chop chop chop and more chop. Nevertheless, I watched relentlessly, still missed a few trades, but the ones…
This week, I traveled from Hong Kong to Thailand in order to work with Rolf for a month. We will be planning the next steps of our projects plus our world tour…STOKED! On the trading front, I had a pretty good time, as well. This week was quite hard again in regards to frequency of…
An incredibly awesome week ended yesterday and well, I couldn’t be happier. The markets moved extremely well and except for a few breakeven trades, there were winners galore. If you want to learn how to trade like me step by step, check out our new Tradeciety Pro Price Action classes. Here are 4 of my…
This is gonna be a personal post. Put on “1944” by Audrey Fall or “Lightning & Snow” by Woods Of Ypres or whatever gets you going… Every time I boarded a plane, I was horrified. I couldn’t sleep a minute, I didn’t want to eat. All I could think about was “what if the plane…
Due to popular demand, my weekly recaps are returning starting today. I will show you the 4 most interesting trades of the week here and give you an overall recap of how the week went. As promised, I adapted my strategy of trading pullbacks on the Futures markets with tick charts to the Forex markets…
This article was inspired by a discussion with a friend of mine who just recently started out in trading and, as so many, the first thing he traded were price action bars, namely Outside Bars, Pin Bars, Inside Bars. I was talking to him that having a low winrate and a bigger RRR simply makes…
12 Comments
Beginners, Tips, Tools
All the knowledge I have acquired over the years through first consuming a lot of information and then doing tons of my own research and refining, shaped my proprietary trading approach, which is laid out in our newly-released Tradeciety Pro trading class. This is the only source where you will learn exactly how I trade…
This is going be a short piece on multi time frame (MTF) analysis which will be incredibly valuable to you – this knowledge changed my life, that’s for sure. Every sophisticated trading strategy out there is using an MTF approach. The underlying idea is to go with the larger theme on the higher time frame,…
6 Comments
Psychology
“Noooo, not another psychology post, I want MORE ENTRY TECHNIQUES FOR MORE TRADES because my current strategy is not working”..is not what you thought right now! At least I hope so. Yes? Good, good, then there is still hope for you, young Jedi. Ok, so I am not going to tell you anything groundbreaking here…
A pullback is not just a pullback. There are different kinds of pullbacks. They can all be classified into channels – expanding, condensing, symmetrical, their angle either against the trend or with the trend. Inside those channels, we get different opportunities to re-enter in the direction of the trend. We can play breakouts, bounces from…
24 Comments
Psychology
Maybe when reading the title of this article you might have thought I went complete bonkers now, and maybe I have! Who can say what is sane and what isn’t, anyway. Nevertheless, thank you for the next 5 minutes of your time, I promise you won’t regret it. I have always been fascinated by the…
Wonderful New Year’s greetings to everyone from Shanghai! I have spent the last 10 days with my parents, sightseeing, eating like a pig and drinking like a fish, far away from any screen and/or chart. I had a lot of time to reflect on 2016 and to think about what I want to achieve in…
Inspired by this brilliant StockTwits podcast with Peter L. Brandt, today I want to present you an article that will shed some light on how far you should actually take your perfectionism in trading. To make it short and painful: there is no perfect trading strategy. You will have to deal with losses. Yes, there…
Contents in this articlePrice Action Chart Patterns1-2-3’sHead & ShouldersDouble & Triple Tops / BottomsPrice Action ChannelsBottom / Top Of The BucketFakeoutsTriple Taps (with divergence)TrianglesPrice Action Confluence ToolsSupport & Resistance LevelsSupply & Demand Levels(Inner) TrendlinesFibonacci Retracements & ExtensionsBollinger Bands®Trade ExamplesConclusion In my swing trading strategy, I trade exclusively pin bars and outside bars found on 4H+.…
47 Comments
Psychology
Continuing with our series about psychological pitfalls in trading and life (read my previous article: You are responsible for everything that happens to you), today we are going to talk about one of my favorite topics: values, self-perception, and self-sabotage. This is a very delicate topic because many of you will feel personally attacked when…
3 Comments
Psychology
Inspired by a recent re-read of “Trading In The Zone” by Mark Douglas and the first read of Mark Manson’s “The Subtle Art Of Not Giving A Fuck” (highly recommended), I got the idea for this article. Funny enough, the same message can be derived from both books to boost our trading to new heights.…
In trading, it is very easy to make our life harder than actually needed. Most people, instead of picking the easy ones, try to fight the market for whatever reasons, and as a result, overtrade, and get into trades that are hard to manage, thus they make more mistakes, leading to worse results and tilt,…
Dear readers of this site, I want to address a few words to you, in all honesty, today. I wanted to do this for a while now, and I wrote a similar post years ago to the people of my first trading group (which I was being a member of, not the host). This site…
4 Comments
Statistics
We very often get the question “how do I know that my strategy works?” and there is actually an “easy” answer to that. It all boils down to one question, and that is, what is a sufficient sample size to assess the performance of a strategy? However, as in trading, we are treading in the realm…
14 Comments
Psychology
…and also the one reason for all the pain we suffer. It is a very human concept, very transcendent, yet it somehow exists physically (at least according to good old Einstein) – and changes everything with every moment that passes by. It is called time. I treat time like cancer. It is a chronic disease…
So you want to be a professional trader? Have you made up your mind what exactly that entails, how your day will look like, and what style you are going to be trading? Daily charts, 4-Hour charts, tickcharts? How much time are you going to invest, what will your preparation and postprocessing look like? Where…
When I started out trading, there were two common “wisdoms” that absolutely confused me for a very long time. Only take the easy trades The best trades are the hardest ones to take Those two statements are very contradicting yet they pop up in a lot of trading books and every trader seems to have…
I am not a fan of automated strategies. When banks and trading firms throw millions and millions of dollars at their geeks, trying to come up with sophisticated self-learning algorithms that take money out of the markets, how do you ever want to make money with a self-developed trading robot or a so-called “Expert Advisor”?…
When I started out trading, all I knew about were time-based charts. It took me years to even hear or think about that there might be other types of charts to be used that are much more advantageous, especially to day traders, than time-based charts. This is because MetaTrader4, which most Forex traders use when…
Everyone knows the H&S pattern, as it is the most talked about even on financial TV when so-called “experts” analyze the S&P 500 for you to make (lose) money. The classic approach to this pattern is to enter it at the break of the neckline, as seen here: On this entry method, the stop usually…
Everyone says you need a sizable account before even thinking about trading for a living. While I agree, as pressure to make a certain sizable return each month will mess with your decision making ability, the ways to actually acquire that account in the first place are many. One of these ways is smart but…
When I (Moritz) came into trading, I was – as so many – dragged into the Forex markets. Their advertising is all over the place, their forums are the biggest, they have the biggest and easiest brokers to access, and the market overall is badly regulated, making it easy to open accounts. Additionally, you can…
Coming from a Poker background, I have seen a lot of other gambling businesses as well, apart from trading: sports betting, prop betting, roulette and all the other casino games that you play versus the house, and so on. They all play very differently, yet they have one thing in common: an existing edge can…
In trading, everyone always wants to complicate everything – why? Simply because having 8 screens with a lot of blinking lights is what we see on TV whenever we hear the word trader. Now while some of the infos these people in the pit, or wherever, have on their screens are certainly beneficial, I promise…
Sometimes in my trading career, I have been lost among the trees. My charts were so cluttered I could not make one clear decision, yet produce one valid trade idea that I liked. Everything was gibberish, paralysis through analysis. Whenever I got a signal in one direction, other things I learned and watched gave me…
No matter what you do, minimizing your risk and covering your ass(ets) should always be your first priority in anything you do related to trading. I never think about how much I stand to make when I first look at a trade idea, I always look at the risks first and search for reasons NOT…
There are many reasons to stop system hopping, but the one that always made the most sense to me is the one most overlooked. Just as markets have their periods of upswings, downswings, and consolidations, so do systems that perform better in trending or consolidating markets. So one could say that your equity curve actually…
There are plenty of markets out there to choose from. Most people randomly choose a market because they heard from a friend that it trades nicely, or they saw the SPX500 on TV. While it is true that, for example, futures move differently than Forex, and that it pays off to get to know a…
I have a small notebook in which, over the years, I wrote down every time I heard something about trading that just made a lot of sense to me, or that enlightened me, or when I myself had a lightbulb moment. Today I want to share some of these wisdoms with you, unfiltered and raw.…
Trading is a very personal, intimate thing. There is no one size fits all. A strategy that works very well for one person is not going to work for another person – not even if it is 100% technical, as waiting for the perfect conditions to enter a trade, the conditions themselves, and the time…
“At the table, you are your own worst enemy.” – Stu Ungar, the world’s greatest poker player. In front of the charts, you are your own worst enemy as well. Giving 100 people the same strategy will have 2 of them come out on top as profitable traders and the other 98 will blow their…
No Comments
Psychology
In relation to my last post, today I want to give you a few reasons why trading is not inherently bad and hope to give you a few ideas to resolve your inner conflicts, which I am pretty sure many of you have when it comes to making money by taking money from others. Public…
1 Comment
Psychology
I see so many traders fail unnecessarily. It hurts so much seeing them sabotage themselves over and over and over again and they don’t even notice it. One of the main reasons traders keep themselves from success is my favorite psychological concept called ‘cognitive dissonance.’ Basically, it means that you subconsciously hold two or more…
No Comments
Psychology
As I said in a previous blog post already, I am always astonished by how few people actually read books and/or feed their brain with other things than Netflix and the evening news/gossip (essentially the same btw). Don’t misunderstand me, I don’t think that only reading scientific texts and never watching zombie heads go ba…
No Comments
Psychology
Do You Need A Big Trading Account To Make It Happen? Short answer, yes. Undercapitalization, to me, is the biggest reason for people failing in this business. And Brett Steenbarger, a respected trading psychologist, agrees with me on that. That, and underestimation of business costs (=commissions). While discipline and diligence will bring you places, if you have little…

Forex Trading Academy



  • Forex price action course
  • Private forum
  • Weekly setups




Apply Here

FREE!!!
Price Action Ebook +
2 Trading Courses

Enter your email and get instant access
Subscribe Me!
No Thanks!

3 FREE FOREX COURSES

Enter your email and get immediate access to the video courses.

Get your free courses & ebook NOW... Enter your email and get instant access

Close this popup