Last updated on April 20th, 2017
Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
Donchian channels, brought to us by Richard Donchian (1905-1993), is a great trading indicator to highlight trends, ranges, and new X number of day breakouts. You can design many trading strategies around the Donchian channel and it was the primary indicator for the Turtle Traders. The channel works by highlighting… Read more
The Alligator indicator was invented by Bill Williams and uses 3 lines which are actually moving averages with a spin. Markets trend and market range and the 3 lines of the Alligator indicator, known as the jaws teeth and lips, is designed to alert traders to the presence of either… Read more
The Keltner Channel is a volatility based trading indicator that uses two bands and the average true range to set the channel distance below and above an exponential moving average, generally 20 period EMA. You use the Keltner Channel to determine when a market has stretched too far from the moving average –… Read more
The goal in trading is to compound your trading account allowing you to scale up your trading business. As your account size increases, so does your ability to trade larger position sizes which, in a perfect world, becomes wash, rinse, and repeat. In order to do this correctly, you must… 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
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
One of the simplest ways to look for trading setups is to watch for pullbacks in price from the current trend direction. While it is not always easy to find a real edge in any market you trade, pullbacks are one of those price patterns that is an actual edge…. Read more
Last updated on November 4th, 2019 We have finally seen the news cycle start to settle down this week. After seeing headlines dominate trading the last 4-5 weeks with news out of the China/US trade war, new stimulus announced from the Fed, and an announced Brexit deal we are finally… Read more
Achieving success at anything in life is about planning. But it’s about more than just writing down a list of things you’ll do and never get to actually doing them. It’s about envisioning success and the behaviors which are likely to lead long term objectives being met. Most things in… 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
We live in times where downsizing and job losses happen on a daily basis. Losing a job can be very traumatic especially if you are in your middle years as opportunities seem to go to the younger crowd. I’ve read many articles where people in their 40’s and early 50’s… Read more
There are a lot of pitfalls in trading and it is only a matter of time before one of them starts to challenge you in ways you could not imagine. Traders often hear about trading psychology and how important it is to understand how issues with psychology can influence your… Read more
Last updated on November 4th, 2019 After selling a call spread on AMD in last week’s Options Trade Of The Week, we are going back to the well by selling another call spread this week. This time we will be doing so on EBAY. We have continued to see a… Read more
“There’s no such thing as support and resistance levels” When I first heard that I thought “What kind of rubbish is this guy talking?” 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… Read more
The market has produced one of the biggest 5 day rallies in a long time here this week. We have seen 5 days in a row of impressive gains to the upside and as a result, the market is overbought in the near term. If you are like me your… Read more
When traders decide to start day trading for a living, there are a few choices that are faced including: How much money they need to start day trading The markets they will day trade What trading strategy they will use The most important choice when people decide to make trading… Read more
Last updated on November 7th, 2019 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… Read more
Last updated on November 19th, 2019 Why are we looking at Forex reversal candlestick patterns and not continuation patterns in this guide? Steve Nison stated that reversal candlesticks patterns are more meaningful because they will allow a trader to: Enter a position when the current trend may be turning Exit… Read more
Trailing your stop loss in the market in the hopes of making big profits isn’t always going to be the best thing to do in every situation. Markets which aren’t trending (and most of the time, most are not) will come back on you and take you out for a… 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
13 Forex Trading Tips Every New and Experienced Trader Must KnowLast updated on November 7th, 2019 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… 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
Scale And Trail Your Trading Profits?Last updated on November 7th, 2019 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… Read more
Here Is How to Stop over Trading and Become a WinnerDay 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
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
Lack Of Confidence Will Kill Your Trading DreamsThe 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 WinLast updated on November 4th, 2019 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… Read more
3 Principles Of Mindfulness TradingIn 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
Take A Break From Your Trading ScreenWe’ve all been there where trading consumes us to the point that we are living in front of the computer. “Take a break from trading” is probably something you’ve heard at least once during your trading career. It may not be time spent actually placing trades but learning and back… Read more
Is Your Trading Really Just A Hobby?There are quite a number of trading “cons” floating around the internet and people are rightly concerned about getting sucked into one of them. The Forex market seems to have a high number of “can’t miss” trading systems and the most aggressive marketing While these trading “cons” are so good… Read more
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