March 17 offered a number of consolidations in the EURUSD during the US session. Certain types of consolidations provide ideal trade candidates, as risk can be kept very small and the relative reward can be huge (trading traditional markets). If trading binary options these consolidations can still provide great trade opportunities, but you’ll need to […]
A trending morning for the EURUSD which provided a couple opportunities I liked. The first came in the London session prior the US open. Usually I use a 1-minute chart, but a quick look at the 5-minute chart convinced me I should use it today, as the entry points were a bit cleaner. On the […]
Fibonacci Arcs don’t get a lot of press compared to Fibonacci Retracements or Extensions, yet Arcs offer something these other indicators do not–a time element. While retracements and extensions are concerned with just the magnitude of moves, Arcs factor both magnitude and time, offering areas of future support or resistance that will move as time […]
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 form of analysis or indicator […]
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 at all times, which may […]
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 either. They have a decent […]
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 because our entry wasn’t triggered. […]
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 CCI Strategy The developer […]
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 following signals and beware false […]
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 are always the best pairs […]