Support and resistance are words that get tossed around a lot, and traders and analysts will mark up their charts with all sorts of supposed support and resistance levels, but most of these levels really have minimal impact on the price. Understanding what an important support or resistance level is can help you isolate better […]
The following ABC trading strategy isolates turning points, as well as gets you into trending trades. The trade setup is quite simple, yet highly effective, and with a little practice you’ll see the pattern often. It can be used on any time frame, and takes advantage of the natural tendency of markets to move in […]
Just a couple trades today during the early US session. There was a lot more opportunity but there is always another day. With it being an FOMC day, as the day progresses toward the announcement volatility usually tapers off and then explodes after the announcement. Therefore, I prefer to get in early on a couple […]
You have a plan of attack for the market, called your trading plan, and it should lay out the strategies you’ll use, how you’ll manage your money, position size as well as some rules and guidelines for your trading. But no two days are exactly alike, while we do our best to prepare, there may […]
How safe is Safe24Option.com? I’m not to sure, from what I can tell there are some serious red flags you should be aware of. Of course I’m also sure that as an astute binary options trader you wouldn’t fall for some wannabe broker trying to piggy back off of a good broker’s name. If you […]
The head and shoulders is one of a group of patterns typically considered trend reversal chart patterns. If you look closely though, the head and shoulders can also act as a continuation. There are some subtle differences between the continuation and reversal, which may just help you find some great trades, and avoid some bad […]
Trend trading seems like it should be easy, but when you’re first learning about trends your trades will likely end up on the wrong side of a lot of them. This is usually a result of not fully understanding the nature of trends, and the common mistake of trading against the trend because you think […]
While no two days are exactly alike, and any given day can deviate from the tendency, if you are trading the US stock market indices you may notice certain times of the day where the markets goes quiet, reverses or gets more volatile. Here are some time-of-day tendencies in the US stock market. If there […]
This is the third in a series on how to use oscillators with technical analysis I have been writing. In previous posts I discussed what an oscillator is, two rules for trading with oscillators and how to use it to predict potential reversal. In this post I will go into more depth about convergences. To […]
An engulfing candlestick is a powerful trade signal when used in the right context. A deeper look at this type of candlestick pattern is covered in A Powerful Candlestick Price Pattern. Here we’ll build on the basic engulfing pattern and apply it to a very basic trend following strategy in the EURUSD. The pattern combined […]