Last updated on February 26th, 2020
Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
Over the last week we have taken a closer look at the components of the Nasdaq ETF (Symbol: QQQ) and the S&P 500 ETF (Symbol: SPY). These two ETF’s are at the top of my watch list on a monthly basis as they are great products to trade. They have… Read more
Coming into this week all eyes were on the Fed statement on interest rates which came out this afternoon and monthly options expiration on Friday. Today was all about the Fed and it did not disappoint active traders. After an initial move higher after the headline hit at 2:00, markets… Read more
The Force Index indicator is part of the family of oscillators that combines price and volume and helps to show turning points in the market. This technical indicator was designed by Alexander Elder (sometimes called the Elder Force Index), to identify the force of the move and brings together three… Read more
In a recent blog article, we dove into the details of the S&P 500 ETF Symbol: SPY. It is one of our favourite markets to trade on a weekly basis as it is a very liquid product that shows consistent movement over time. A second ETF that is at the… Read more
“Is it possible to trade the same 2 or 3 stocks every week to make a consistent income trading options? “If you could pick just one market to trade for the rest of your career what would it be?” I was asked these two questions last week from a newer… Read more
Last updated on September 13th, 2020 One of the unique challenges of being in a decade long bull market is the expensive stock prices that we are seeing across the board. Nasdaq stocks like AMZN, TSLA, AAPL, GOOGL, FB, and NFLX are all active stocks that traders love to use… Read more
The Williams %R (percent R) momentum oscillator indicator is an oversold and overbought technical analysis tool. It is similar in use to the Fast Stochastic Oscillator and traders will often use it for a buy signal or a sell signal. The Williams %R indicators formula calculation includes: Highest price high… Read more
Last updated on September 4th, 2020 Bollinger Bands are a popular technical indicator that was introduced to the trading world by John Bollinger in 1983. The visual nature of the Bollinger Bands, as with all price channels like the Keltner channel, makes it easy for a trader to see if… Read more
The cup and handle chart pattern can be a continuation pattern or can mark the turn in trend from a downtrend to an up trending market. This would make it a reversal pattern. Why is this chart pattern called a “cup and handle”? Price forms a U shape pattern that… Read more
Last updated on September 1st, 2020 Traders who follow the trend may want to look at the Vortex Indicator (VI) to not only determine trend direction, but also point to trend reversals and buy/sell signals. Invented by a pair of Swiss market traders, the Vortex Indicator is simple to understand… Read more
Last updated on September 1st, 2020 What trend indicator should you use to show the trend direction if you want to trade with the flow of price? The first question you should ask is “what time frame are you talking about?” With that question, you are realizing that the direction… Read more
Trading the head and shoulders chart pattern in the common way is to treat it as a reversal pattern. It is probably ranked as close in popularity as the various triangle price patterns that can be found on a chart. Let’s cover the standard method of trading a head and… Read more
What are support and resistance levels? “Support is a level or area on the chart under the market where buying interest is sufficiently strong to overcome selling pressure. As a result, a decline is halted and prices turn back again. . . . Resistance is the opposite of support” (Murphy… Read more
Markets move from a trending environment to a consolidated environment repeatedly which makes taking advantage of simple price patterns a smart play. This is why breakouts from trading ranges and resolutions of pullbacks work in trading. I talked about trading pullbacks in other post where I covered: What sets up… Read more
The London Breakout Strategy takes advantage of the trading range that sets up generally during the Asia session in Forex. Also known as the London Daybreak Strategy, it’s a day trading strategy that looks to be active during the first three hours of the London market session. To trade the… Read more
The easiest way to make a directional bet around an earnings release is to buy a call option to be bullish or buy a put option to be bearish. The trouble with that approach is there are more factors that go into the performance of those trades than the directional… Read more
Knowing when to close out of a trade can be challenging when the markets are constantly moving back and forth. Holding on to a trade too long or not long enough can lead to inconsistent returns. When buying long call or long put options the key to remember is you… Read more
Knowing when to close out of a trade is one of the most difficult questions traders have to wrestle with on a weekly basis. With options contracts, it is no different, and the decision to write, hold, sell or exercise can be confusing – especially because options contracts are impacted… Read more
Is there any way to predict that the potential of a breakout can lead to a successful trading position? While nothing is guaranteed, can we see certain things in price that points to a higher probability that trading the breakout can lead to profit? Yes. All it takes is for… Read more
You plan your trades using a strategy that has an edge but you fail to execute on the hard right edge of the chart. Getting from a strategy looking good on paper to real-world trading performance is what it’s really all about. Paper profits in your back test mean nothing… Read more
