Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
One of the most popular chart patterns in technical analysis is the triangle pattern. The triangle pattern is considered a consolidation price pattern, generally a continuation pattern, where the range of price gets tighter. This getting tighter is an indication of lower volatility and there will eventually be a resolution from… Read more
The three moving average crossover strategy is an approach to trading that uses 3 exponential moving averages of various lengths. All moving averages are lagging indicators however when used correctly, can help frame the market for a trader. You can see how MA’s can give you information about market states… Read more
The CCI indicator, the commodity channel index, is a momentum based indicator that falls under the oscillator classification. The CCI oscillates between several levels including: +100 -100 0 +200 -200 These levels are often used as overbought and oversold levels. The +100 would be considered overbought as an example. A move… Read more
You may be an expert in technical analysis and are able to read the market movements. You have a good eye in seeing who holds the balance of power on the chart and your trading plan takes advantage of that skill Traders can look at a chart and see, according… Read more
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 yourself as one of these types… Read more
The Awesome Oscillator is another technical indicator designed to measure market momentum on any time frame. The name “Awesome” may have had you thinking it did something really special when you add it to a trading strategy. No. But like any technical indicator, the Awesome Oscillator, when understood, could add… Read more
The Butterfly pattern, discovered by Bryce Gilmore, is a reversal chart pattern that consists of four distinct swings in the market. The rules to identify the Butterfly trading pattern are strict and requires the use of certain Fibonacci ratios that were made public by Scott Carney. If you use ratios… Read more
The Turtle Soup trading strategy is based on the breakout trading system of the Turtles. The difference is that we want the breakout to fail when using the Turtle Soup strategy. The story of the Turtle Traders is a popular one and shows that people who have no prior financial… Read more
Trading is a game full of risks. Every trader knows that over time they will have some winning trades and some losing trades. However, just because a trader is aware of the risks in what they’re doing, does that mean that they fully embrace the risks associated and accept a… Read more
The average directional index, ADX for short, is a technical indicator that measures the strength of a trend. Given that most instruments spend more time in a consolidated environment, it is helpful to know if your market of choice has any life to it. There is nothing more frustrating that… Read more
Every trader during their evolution has thought that the market was out to get them. It is usually when your stop loss is taken out right to the tick and then the market continues in the direction you intended. If it happens on occasion, many of us can deal with… Read more
Some of the best chart patterns to trade, such as bull flags, are simple and that includes the “anti” pattern by Linda Raschke. The anti pattern takes into account both a pullback and a momentum move that setups up the pullback. As described in my article about trading pullbacks, we… 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
Bollinger Bands are a popular trading indicator that was introduced to the trading world by John Bollinger in 1983. The visual nature of the Bollinger Bands makes it simple for a trader to see if price has extended far from the average security price. This tells a trader if the… Read more
Being in the business of trader education and trading system development, Netpicks has seen a lot in over two decades when it comes to those looking to trade for a living. One obvious thing to us is that that learning how to make money and develop as a trader has… Read more
The best way to answer the question “what are Renko charts”, is to describe them as fixed sized bricks that plot on your chart in relation to price movement. They are very different from the common bar chart, Japanese candlestick charts, or Heiken Ashi charts as Renko charts (Renko bricks)… Read more
Traders spend a lot of time back testing trading strategies, systems, and researching news events that are related to the market. The outside work such as that is important but many don’t spend nearly enough time working on themselves. More importantly, working on ensuring they believe in themselves. If you… Read more
Trading is accessible to anybody with internet, money, and a computer any time during the day. That is one thing that lures people to trading for a living because your schedule can be what you choose. Once they have put together a trading plan and back-tested their trading strategy, they… Read more
There are many trading articles on this blog that can help you virtually build your own trading strategy from. From topics about moving averages and price action trading, to stop loss placements and trading journals, you can learn to trade the markets and make a living. I wanted to go… Read more
Heikin Ashi charts may not be as popular as bar charts and traditional candlesticks but for traders who use them, they don’t care how popular they are. Charts generally calculate the high, low, open, and close which makes the main difference between (HA) Heikin Ashi and other charting types, being the… Read more
Are You Ready For When Your Trading Strategy Begins To Fail?
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 markets evolve over time as they … Read more
3 Things That Losing Day Trades Can Tell You – Are You Paying Attention?
You are going to lose in trading but the trouble is, many traders make the mistake of attempting to avoid losing trades at all cost. Negative trade outcomes are a big part the trading business and for day traders, the fear of loss can paralyze them but they must accept… Read more
Here Is How to Stop over Trading and Become a Winner
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 losses come. But even with the… Read more
Should You Scale And Trail Your Trading Profits?
Trade setups and entries are one of the most searched for topics when it comes to trading. What gets missed is the exit strategy you will use to exit your trade for profit or at your stop loss. I have a question for you: “How many times have you been in… Read more
Complete MACD Indicator Settings and Trading Strategy Guide
One of the first indicators I ever experimented with was one developed by Gerald Appel in the late 1970s called the MACD indicator, otherwise defined as the moving average convergence divergence indicator. The MACD histogram was added in 1986. Right from the start I used it as a technical analysis tool,… Read more
13 Forex Trading Tips Every New and Experienced Trader Must Know
Some of the best Forex trading tips that can lead to trading success are usually the simple ones. Given that Forex market is popular for both experienced and beginning traders, you know there are quite a few tips available for all traders With low initial deposits depending on your account… Read more
Lack Of Confidence Will Kill Your Trading Dreams
The success rate in terms of successful traders, by all accounts, is pretty poor. This has the potential to rip the confidence of anybody thinking of making trading an income producing activity. Trading is a performance sport and just like any performance endeavor, without confidence with what you are doing, you… Read 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 more
Crude Oil Inventory Report Trade Recap
This crude oil trading session for Feb 28 2018 had some excellent learning points in it and it would have been easy to get tripped up if you were approaching your trading without a concrete approach to the markets. All of our Inner Circle members and those who attend our live trading… Read more
3 Principles Of Mindfulness Trading
In a post entitled Take A Break From Your Trading Screen, I touched on the benefits of shutting off your focus and letting her brain take a break. For traders, where the need of intense focus is immense, being able to step back mentally is vital. Up until the last several… Read more
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