Trading Tips & Tutorials For Online Traders

Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.

Apr26 Share

Awesome Oscillator

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

Apr22 Share

Trading The Butterfly Pattern

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

Apr16 Share

Turtle Soup – Fading New 20 Day High or Lows

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

Apr09 Share

Do You Accept Risk?

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

Apr05 Share

Trading With The ADX Indicator

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

Apr03 Share

Stop Taking Losing Trades Personally

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

Mar27 Share

Anti Pattern Trading Strategy

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

Mar21 Share

Trading The Cup and Handle Chart Pattern

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

Mar14 Share

Bollinger Bands Trading Guide

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

Mar11 Share

Trade Outcomes Don’t Tell The Whole Story

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

Mar07 Share

Renko Chart Trading For Cleaner Price Action

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

Mar04 Share

Success In Trading Needs Belief In Yourself

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

Feb27 Share

Trading Is About Risk Management

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

Feb22 Share

Sugar Trade Breakdown From Start To Finish

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

simple heikin ashi trading
Feb16 Share

Heiken Ashi – How Can You Use Them

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

Feb11 Share

4 Steps for Creating a Winning Strategy for Futures Day Traders

Day trading futures attracts many types of people that share one thing in common:  they want to be successful at day trading. When the drive to succeed is strong and armed with a winning trading strategy, why do so many fail? What is the difference between the traders that succeed… Read more

Feb06 Share

Try This If You Think Trading Is Easy

Trading is easy. Pick a direction. Enter the trade Reap the rewards. Really, you enter a trade and get out with a profit or a loss.  Right?  Seems simple enough. Well, it is simple.  Just not easy. There are so many things that make up a consistently profitable trader that… Read more

Feb01 Share

Bull Flag Pattern Trading – Profit In A Bullish Market

A bull flag pattern is a bullish continuation pattern used in technical analysis that occurs in a market that is in an uptrend. You can look for bull flags in the following manner: Look for an impulse move (the pole of the flag) in price to the upside during an… Read more

Jan29 Share

Top Trailing Stop Loss Techniques For Maximum Profits

Why is a trailing stop loss an important strategy to use when trading? Are trailing stops a good idea? Nobody can predict with 100% accuracy where a trend will end. The amount of money that is left on the table by those happy to settle for mediocre gains, is no… Read more

Jan23 Share

What Is the 50-Day Moving Average & How to Trade It

The 50-day moving average is one of the more popular technical indicators used in technical analysis. Like all simple moving averages, there is nothing magical about the 50 day SMA and here is how to calculate it: Add all the closing prices of the last 50 days Divide the sum… Read more