I want to show you an example of a simple profitable Forex trading strategy that appears on my website. The trading system is called the Daily Chart Swing Trading System and all it requires is an understanding of Fibonacci retracements and the Stochastic oscillator (5,3,3 settings). Why Is It A Simple Trading Strategy? The more simple […]
Far too many times we hear/read about about people saying something like “Price has crossed over a few moving averages which can only mean…..“. It can mean whatever you think it means and that is the truth! So yes, I admit that I have a problem with moving averages but it’s not really with the […]
There are many things that Forex traders should know and one of the most important ones is: To profit from swing trading Forex is not easy. The Forex market can take an overconfident trader and humble them faster than any other venture out there. Why is that a trading truth? Because trading is a meritocracy. It […]
The traders action zone (TAZ) is an important part of any trading strategy. What it aims to do is to focus the swing trader on a certain part of the chart to look for their setups. Without a defined location on a chart where you can take action for a trade, you may fall into the […]
Ray Dalio started his trading career with a $300 trade in Northeast Airlines and because there was a merger talk, Dalio tripled his investment very quickly. This one successful trade hooked the young Dalio and a trading legend was born. Dalio graduated from high school with a portfolio in the thousands, not a lot of […]
Price action trading, also called trading naked is about being able to read the price movement on a chart and base your decision off of that movement and the price structure it leaves behind. The reason the alternate term of trading naked is used is because the price action trader relies on the chart without the […]
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Comments Off on Price Action Trading And My Top Forex Price Action StrategyThe RSI trading indicator is a price momentum measure that also uses overbought and oversold zones to show when markets may be overextended. It makes up many trading methods and we are going to use it with our 5×5 RSI Trading System. RSI = Relative Strength Index The RSI, although referred to as “index” is […]
The Commodity Channel Index indicator was designed by Donald Lambert and fits into the category of being a momentum indicator for those involved in technical analysis. Due to the lines on the indicator, it is often used as an oversold and overbought indicator. That can often be a flawed use of the CCI considering it […]
Trading with trend lines as your swing trading strategy uses the rhythm of the market and price action as the core of your trading strategy. You can not go wrong with that. Many price action traders will use trend lines as their way of determining everything from trend to reversal points. It’s not even necessary […]
Japanese candlestick charts originated in Japan in the 18th century where buyers and sellers in the rice markets used them to exchange a form of currency for the rice. We’ve come a long way, with the help of Charles Dow, since the days of rice trading and Japanese candlestick patterns are used by many swing […]