Advanced Trading Strategies

Use Market Structure Like A Pro

Last updated on May 14th, 2020 We have all heard of the old adage….”sell at resistance and buy at support” which is another way of saying to trade market structure. Obviously it is contextual because if price is charging towards a resistance level are you really going to just going... Read moreread more

Here Is How to Stop over Trading and Become a Winner

Last updated on May 14th, 2020 Day trading has the potential to keep you glued to the screen the entire day as you punch in and out of trades. It can actually be addicting as you watch the increase in your trading account – perhaps not so addicting when the... Read moreread more

Learning How to be a Winning Trader

There’s learning how to trade… …there’s learning a trading strategy …there’s learning how to trade with that strategy …and then there’s learning how to be a ‘winning trader. Each step along the way is necessary to finally put it all together for consistent success. The quicker one can get to... Read moreread more

The Chart Is All You Need

Last updated on April 4th, 2020 I want to continue on with my look back on some of the pearls of wisdom from Richard Donchian. There are so many things that were valid decades ago that are still applicable to the trading of today. My first look can be found... Read moreread more

Using The MACD Indicator And Best Settings

Last updated on April 18th, 2020 The MACD ( moving average convergence divergence ) indicator is a technical analysis tool that was designed by Gerald Appel in the late 1970s. It is used as a trend direction indicator as well as a measure of the momentum in the market.  Traders... Read moreread more

Stochastic Oscillator Complete Trading Guide

Last updated on May 15th, 2020 The Stochastic Oscillator is a momentum indicator that is designed to give you an objective measure of the momentum in your trading instrument. It’s bounded by the numbers 0 and 100 and will oscillate between those two areas. It will show you the relationship... Read moreread more

How Fear Is Derailing Your Trading Success

Last updated on May 12th, 2020 There are many types of trader personalities but I want to focus on two specific types. Both of these types have the potential to be successful as a trader only if they are able to get out of their own way. You may find... Read moreread more

Are You Ready For When Your Trading Strategy Begins To Fail?

Last updated on April 14th, 2020 Markets and the traders that trade in each market, are constantly in a state of change. No two trades are ever exactly the same and that’s even if we’re looking at the same instrument on the same day in the same market phase. But... Read moreread more

4 Steps To Prepare For Trading Like a Pro Trader

Last updated on May 12th, 2020 Day trading can be a stressful way to make money, keep any profit you make and traders should have a “trading preparation” checklist as they come into their trading day. Like so many other things in life, the level of attention paid to trading... Read moreread more

Warning: Breakouts Fail. Here’s What To Watch For

Last updated on April 12th, 2020 Simple works in trading and by that I mean pullbacks and breakouts from consolidations because that is how the market operates. Markets move from a trending environment to a consolidated environment repeatedly which makes taking advantage of simple price patterns a smart play. In... Read moreread more

Take Trading Entries At The Right Location

Last updated on April 22nd, 2020 In a 2 part series about an objective way to draw trend lines, there was something important that is a must for any trader. While trend lines can give you a great view of the current market structure, some people may be thinking they... Read moreread more

Inside Bar Pattern – Learn to Trade This Powerful Price Action Setup

Last updated on February 11th, 2020 The inside bar (candlestick) chart pattern shows us consolidation in price which can make it a great trading tool if you trade the inside bar setups correctly. What happens though is that many traders don’t understand what this chart pattern represents and they end... Read moreread more

Keltner Channel Pullbacks – How Many Are Too Many?

A trading tips blog reader sent me a question about the Keltner Channel trading strategy article that I put together.  If you have not read that article, I suggest you go back and take a look through it so what you are about to read makes sense. In truth, I can’t... Read moreread more

What If Your Pullback Trade Fails To Set Up?

Last updated on April 22nd, 2020 Trading pullbacks is a time tested way of zeroing in on locations to trade. Whether you are using support and resistance, trend lines, moving averages, or even Fibonacci retracements, trading pullbacks is a viable part of trading setups that you can use. Pullback trading... Read moreread more

Consider These 5 Things When Changing Markets

Last updated on April 13th, 2020 If you have been in the business of trading markets, you’ve no doubt not only jumped trading systems and strategies, but also markets. Netpicks offers trading strategies that makes approaching different markets quite easy. In the right hands, it allows traders to find markets... Read moreread more

6 Uses Of Relative Strength Index (RSI)

Last updated on May 12th, 2020 One of the most popular technical indicators has to be the relative strength index (RSI) which was developed by J Welles Wilder. I didn’t just make that up as I read a survey done with users of the Bloomberg Professional Terminal and the RSI was the... Read moreread more

How To Build Custom Trading Indicators

Build Custom Trading Indicators

Last updated on May 14th, 2020 Out of the box trading indicators are a common sight on many trading charts.  Whether it’s a 50 SMA, MACD, or the Stochastic Oscillator, indicators make up a large part of many trading strategies. Many traders also design the best stock trading indicators for... Read moreread more

How To Find Confluence in Trading Entries And Exits

Last updated on April 26th, 2020 When two or more things collide, a disaster can result. It doesn’t matter if it is two storm fronts or a vehicle collision. When things collide, many times good things do not result. In trading, the collision of two or more things can be a blessing!  Many... Read moreread more