Overview of the Floor Trader’s Method The floor trader’s method is a trend following system which can be used effectively as a swing trading strategy. The floor trader’s method is built on 3 important concepts: 1) it is a retracement-continuation trading method. 2)it uses moving averages to identify the trend and trades in the direction […]
Horizontal Support and Resistance Trading is a very popular forex trading system that is used by many traders worldwide. To know how to use support and resistance trading effectively, you first need to know how to identify support and resistence levels. How To Recognize Support & Resistance Levels Its very simple to find support and resistance […]
Another form of support and resistance trading is called the Support Turned Resistance and Resistance Turned Support trading system. How The Support Turned Resistance And Resistance Turned Support Trading System Works Sometimes when price breaks a strong level of support, at some stage in the future, price rises back up to this support level […]
The Bearish Pennant Trading Strategy is an effective forex trading strategy that is based on the bearish pennant pattern. With the Bearish Pennant Trading Strategy, you do not require any other forex indicators. Its all based on Price Action Trading. The Bearish Pennant Trading Strategy only requires you to be familiar with how to draw […]
The DeMark Trading Strategy was developed by a guy called Tom DeMark. I don’t need to go into detail about who Tom DeMark is. If you are interested, here is where you can find more about him. Click here. DeMark Strategy is based on drawing trendlines on recent swing highs or lows. And as soon as […]
We know that markets go through periods of high and low volatility. The size of individual price bars during these periods will also vary, from larger bars during high volatility periods to smaller bars at other times. We can use this to our advantage when calculating the size of our trades and positions by using […]
Swing trading inside bars is a simple trading pattern where one or many bars are contained between the high and low of another known as the “mother bar”. Often times, depending on the length of the inside bar pattern, it will appear as a triangle on your chart. This is a breakout trading strategy that […]
I know I may take some heat for going after the trend direction indicator as a useful technical analysis tool but the fact is that they can do more harm than good for most traders. Indicators get a bad rap and the reason is not so much in the indicator themselves…but in how traders use […]
The Fakey Trading Strategy was made popular by a Forex trader named Nial Fuller from Australia. I don’t know if Nial actually “discovered” this price action pattern but he certainly helped bring it to the forefront of trading strategies. It is a very good Forex swing trading strategy because it can setup on even the larger time frame charts. It’s […]
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 […]
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