Last updated on February 26th, 2020
Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
Last updated on July 3rd, 2020 Every trader needs an exit strategy thought out before they actually enter on their trading setups. For day trades, even an “exit before market close”, while basic, still has you with a plan for ending the trade. Without a trading exit being part of… Read more
Last updated on June 30th, 2020 The 50-day moving average is one of the more popular technical indicators used in technical analysis. Some would say it is one the best tools for day trading due to the amount of traders that consider it when making decisions. Like all simple moving… Read more
Last updated on July 3rd, 2020 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… Read more
Last updated on February 13th, 2020 We continue to see markets driven by headlines here this week. Everyone’s focus is on the trade war with China, new tariffs ready to kick in over the weekend, and the Trump tweets that seem to come out every few hours. As a result,… Read more
Last updated on May 12th, 2020 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… Read more
Last updated on September 7th, 2020 Moving averages are a technical analysis tool that have been a staple of traders for decades. It’s not wonder that people search for the best moving average for day trading since so many traders use them. There are many types of moving averages that… Read more
Last updated on June 3rd, 2020 Overthinking and subjectivity can be the downfall of many traders. Searching too hard for a trade or having flexible rules for determining market state is not the road to disciplined and consistency in trading. When I started trading, I had a tendency to over… Read more
Last updated on April 18th, 2020 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… Read more
Last updated on May 14th, 2020 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… Read more
Last updated on February 20th, 2020 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… Read more
Last updated on April 16th, 2020 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… Read more
Last updated on July 3rd, 2020 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… Read more
Last updated on July 3rd, 2020 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… Read more
Last updated on April 14th, 2020 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… Read more
Last updated on June 17th, 2020 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… Read more
Last updated on May 12th, 2020 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
Last updated on July 3rd, 2020 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… Read more
Last updated on June 18th, 2020 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… Read more
Last updated on June 3rd, 2020 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… Read more
Last updated on May 12th, 2020 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… Read more
