Fibonacci Retracements are one of my favorite trading tools and vital to my day trading performance. The levels predicted by the fibonacci tool are remarkably accurate and provide a great number of trading opportunities for me in my day to day routine. The thing is, Retracements are best used when dissecting a pronounced trend or […]
Believe it or not most of binary options trading is based on technical analysis. Technical analysis is the study and measure of historial price action of a financial product in order to make a prediction about its future performance. All the articles and all the strategies about trading binary options touch on technical analysis if […]
For the past decade, every day before I start trading I check the economic calender…except today. I predominantly trade forex so I check out the global economic calendar on DailyFX. Since I trade a wide array of pairs I need to know what major news releases are due out in all the major markets–AUD, CAD, […]
In this article we’ll look at uptrend reversals (into downtrends); this is a follow up article to Simple Trend Reversals Strategy – Downtrend to Uptrend, which looked at downtrend reversals. Trading in the middle of a trend is fine, but trading near a reversal provides a way to jump in on moves as momentum is […]
The RSI is a versatile indicator, and can be used to provide entry signals during a trend. To get the signals a moving average is applied to the RSI. This is easily done on free charting platforms provided by brands below. Just add the RSI to your chart, click on the dropdown menu next to […]
While trading in the middle of a trend is fine, trading near the reversal provides a way to jump in on moves just as momentum is building. This often means a high probability trade because those who were betting on the old trend continuing are forced out of their positions, resulting in a surge in […]
Trading binary options is all about technical analysis and technical analysis is all about chart patterns. Chart patterns are what we look for as technicians, they are what we measure and how we make our predictions. There are a few ways to look at patterns but today I want to stick to basic price patterns, […]
“You May Make $5K, but not a $100K” A fellow professional trader recently made a comment to a group of novice traders that I found very interesting, and valid. While discussing what traders typically go through their first two or three years trading, he said something to the effect of: “The method you use may […]
Technical analysts seem to continue perpetuating a myth that areas where the price spends a lot of time are likely to be important in the future. As someone who trades every single day, on multiple time frames, this doesn’t seem to be the case. In fact, when price comes back to these well tested areas […]
Most range trading methods I have read about or seen I am not a fan of. But assuming the range is quite large, there is one method I will use to trade ranges, and this is it. The first step is isolating a range. Contrary to most range trading methods, with this method we can […]