Blogs By Professional Traders
Speed Lines, developed by Edson Gould, are a predictive type indicator for trend traders. Once a trend has begun, the indicator points out places of likely support (for an uptrend) and resistance (for a downtrend). The support or resistance areas can be used as entry points, although typically some other … more
The Parabolic SAR is an indicator and trading system developed by Welles Wilder, which can be applied to price charts. What follows is the basic strategy; you may wish to add additional indicators or forms of analysis to filter out some trades, as this strategy keeps you in the market … more
BossCapital is one of the newest brokers on the market. This broker was founded in 2014 and is headquartered in Gibraltar. The broker is built on the Tech Financials platform and offers a decent trading package. This isn’t the best broker I have ever seen but it isn’t the worst … more
A great trade set-up where risk can be kept quite minimal, there is a good probability of success and the pattern is fairly easy to spot. It takes a lot of patience though, and occasionally waiting for this pattern to develop means we will miss out on a great trade … more
Despite being called the Commodity Channel Index (CCI) this indicator is not just for commodities. It can be used for all markets. The CCI is an indicator which oscillates back and forth, above and below zero. It can be used in multiple ways; here are two strategies that utilize it.
Basic … more
Following the trend may not be cool in some parts of your life but it can be very profitable when speculating financial markets. This article is a follow up to a previous post I made called “Two Rules For Trading With Oscillators”. What are the two rules? Only take trend … more
The major forex pairs, including the EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD and NZDUSD are the most discussed trading pairs, and yet there are a whole host of other forex pairs out there to be traded. Just because the majors get the most focus in the media doesn’t mean they … more
While there is much less volatility in the EURUSD when London or New York aren’t open, there is still potential. Not typically a time I trade, I couldn’t help but notice how the EURUSD respects the Envelopes originally discussed in the EURUSD Day Trading-Oct 7 (and subsequent posts) … more
When starting out, and throughout a career of trading, goals have been of great value. Yet when goal setting people typically make several mistakes which can lead them astray. Here we’ll look at a couple goals new binary traders should set out to achieve, and why these goals (compared to … more
Continuing to experiment with the “envelope strategy” (initially introduced here and in later posts) at times other than near the US open, on February 20 the strategy would have also worked well in the late US session.
While the strategy uses an indicator, ultimately the strategy is about reading price action … more