Think of a trading channel as a horizontal trading range being turned at an angle. Where the range is trading between relatively defined levels of support and resistance over time, the angular channel is either making higher...
One of the key components of Money Management is the 5% rule. That is, never put more than 5% of the trading account at risk at any one time. The rationale behind this is that when we...
Price action traders feel that everything that is needed to analyze markets is available directly from the price chart, including a mechanism with which to enter into strong moves AS they begin.
When using Slow Stochastics in a downtrend, the optimum sell signal given by the indicator occurs when the two moving averages comprising the indicator have been above 80 and then move below 80.
Bollinger Bands are a versatile technical analysis indicator widely used among traders. John Bollinger first developed this indicator as a solution to find relative highs and lows in dynamic markets. The indicator itself is comprised of an...
If you ask a hundred professional traders their strategy, you’d likely get a wide-range of responses. One of the best parts of markets, the fact that there isn’t JUST one way of being a profitable trader –...
Amongst traders, the market condition that is, oftentimes, most neglected just so happens to be the condition that can seem to be most prevalent.
As we consult the charts during our live webinars each day, when “long wicks” present themselves , we definitely take advantage of them in our trading plans.
When we focus on an indicator in our live Trading Room webinar sessions, the question often comes up regarding the number of periods to which the indicator should be set. Should one use the default setting or...
A major concern of newer traders is which is the best indicator for them to use in their trading. Also, they want to know if indicators broken down into beginning, intermediate and advanced trading categories?
