This strategy is a basic scalping strategy that aims to make quick gains off of the day’s high or low. The rules for entry are very basic and easy to follow. Exit, on the other hand, requires you to make a judgement…
The art of placing your stop-loss levels and take profit levels is a fairly broad subject. This article doesn’t cover everything detail, but it will give you a good overview of the most important things you need to know. Where…
One of the most important aspects of forex trading that many traders don’t seem to know is that they should never expect a specific trade to be either profitable or unprofitable. This may seem weird, but this is important. Even…
The Falsey candlestick structure Fakey is a potentially reliable short term (and sometimes long-term) indicator of the market’s direction. A falsey is the false break of an inner candlestick. The falsey indicates that institutional traders (banks and hedge funds) have…
The inside candlestick An inside candlestick is a good indicator that a bullish or a bearish price trend will keep on going in the same direction. An inside candlestick has a lower high than the previous candlestick and a higher low…
1 – Bar types Upward bars: each high and low is higher than the previous ones. The bars indicate that we are witnessing an uptrend. You’ll notice that the closing price is higher than the opening price until the trend…
The following pivot point trading strategy has been around for a long time. It was originally used by floor traders. This was a nice and easy way for floor traders to have an idea of where the market was going…
On this page, we’ll be exploring the “grid trading” strategy. Those who use this techique claim that its principles are totally contrary to what is normally taught about risk management and market trading in general, but they also claim that…
For professional traders, the analysis of support and resistance levels in the foreign exchange market is a key component of technical analysis. Here are some cases where you can use a support and resistance forex trading strategy on trend lines. Please note…
The RSI is one of the most frequently used technical indicators by both private and professional traders. Its ease of use and added value when trading the markets make it the key tool of any trader or technical analyst. RSI…