Advanced Trading Strategies

US Dollar Index – Why Use It With Forex?

If you trade Forex, you don’t need anybody to tell you that many of the popular currency pairs are in conditions at this time that can be tough to trade. Yes, you can emotionally trade and maybe get a winner, but for the past several weeks, finding great reasons to... Read moreread more

90 Second Crude Oil Trade Win

Another Crude Oil Inventory Report trade and our trading system, Counter Punch Trader, banked us (and our trading room members) a first trade winner with overall exposure time in the market of less than two minutes. This is what successfully trading for living is about – repeating the same actions over and over again... Read moreread more

4 Steps To Prepare For Trading Like a Pro Trader

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 preparation is frequently not what it... Read moreread more

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

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 an earlier post about pattern failures,... Read moreread more

Take Trading Entries At The Right Location

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 are also an entry into a... Read moreread more

What If Your Pullback Trade Fails To Set Up?

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 is based on the natural ebb and... Read moreread more

Are You Prepared For A Changing Market?

Things change.  In trading, that can mean: Higher or lower volatility Psychological make up of the trader Shocking news that rocks the market Anything that may affect your risk/reward protocols in your trading plan Every day the markets ebb and flow and there are times of abnormal activity that must... Read moreread more

It Doesn’t Stop At Trade Entries

Many traders are looking for the perfect trading setup thinking the setup and trade entry is the key to success.  To all those people who believe that is the missing variable and once found their path to riches will be shown:  Trade entries are just one element to a successful... Read moreread more

Consider These 5 Things When Changing Markets

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 they are comfortable with, in the... Read moreread more

6 Uses Of Relative Strength Index (RSI)

One of the most popular technical indicators has to be the relative strength index (RSI). 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 top ranked trading indicator used on that platform. You could toss a... Read moreread more

Trades of Opportunity | Spotlight Power Trader

trades of opportunity

You have a trade plan but after years of experience you learn that trades of opportunity do present themselves.  These are trades that set up outside of the parameters of your trading plan and may violate some of your rules: You have completed your “Power of Quitting” trading goals for... Read moreread more