Outside Bar Forex Trading Strategy is a price action candlestick pattern for the Forex market, Futures or any other market you choose to trade. It can be both a bullish reversal pattern, a bearish reversal, or even be used during a continuation move from some type of consolidation. It’s actually similar to the inside bar Forex […]
Range bar charts are a popular alternative to the time based charts that most are trading. As swing traders we look at monthly, weekly, daily, or four hour candlestick charts to identify trading opportunities. As many traders know, the more variables you place onto your trading strategy, confusion sets in and many get caught in […]
The double top chart pattern is a reversal pattern that can be seen in all time frames. It often forms when price has moved up for an extended amount of time, forms resistance, pulls back and as traders try to get in on another leg, price stalls at the previous swing high. Once traders see the […]
The bullish pennant trading strategy is continuation strategy where you use one of the common Forex chart patterns called the bullish pennant to enter into a long trade. It’s east to get confused with bullish pennant Forex chart pattern with the bull flag Forex chart pattern formation, they are different. I generally consider flags and any pennant pattern […]
The Bloomberg trading terminal polled it’s users and the most used trading indicator was the RSI, the relative strength index. The RSI trading indicator is a measure of the relative strength of the market (compared to it’s history), is a momentum oscillator and is often used as an overbought and oversold technical indicator. To explain oversold […]
Bollinger Bands were developed by John Bollinger in the 80’s and is without doubt one of the most popular indicators for swing trading in forex. Bollinger Bands measure price deviation from a central point – the moving average. The theory behind the Bollinger Band indicator is that when price deviates from the mean (the moving average), […]
As a fan of price action trading, this candlestick reversal trading strategy using two candlesticks in the pattern is a simple one to trade. The prerequisite to trading this pattern is to know what a bearish and bullish candlestick pattern looks like. If you know this pattern and study the candlestick charts on your trading […]
The 1 2 3 reversal is a price action trading pattern that can easily form the basis of a trading strategy. It is a simple price pattern that is simple to spot on your charts and many swing traders will find it easier compared to other more advanced swing trading strategies and systems. As with any […]
Yes, you can make a lot of money Forex trading. Whether you swing trade currencies or day trade, the profit potential when trading with a quantifiable edge and a sized trading account, can be more than you make 9-5. I’ve had many months in the 4-5 digit ranges and I can tell you from experience, […]
You’ve heard that “trading with the market trend” is a great way to take advantage of a bull market and a bear market. Having some type of trend analysis is important for traders if you want to be on the right side of the bigger trading moves. The fact is that trading counter trend should […]
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