Today it seems like our lives are ruled by “quantity”. How much money we make, how many toys we own, how many 10-second texts we get/send, throw-away electronics and cheap processed food. Quantity has become very important, and quality has been left in the dust in many ways. The ironic thing is that to get […]
Directional Trading With Ichi Moku Ichi Moku, or Ichi Moku Hiyo Kinko, is an indicator created by a journalist in the 1960’s to help simplify market analysis. At first glance the Ichi Moku clouds are quite intimidating and hard to understand. The good thing is that it is actually a very simple indicator to use […]
Markets never stay the same for long. Your trading may be going very well for a time, and then all of a sudden more losing trades start popping up. You haven’t changed anything, so why will your strategy all of a sudden stop working? While it isn’t always the case, a lot of times it […]
Use the Zig-Zag to filter out market noise, and get a clearer view of market direction. The Zig-Zag isn’t really an indicator, as it isn’t going to give you trade signals. Rather, it simply makes your analysis easier. It can quickly show noteworthy corrections, as well as make Elliott Wave counting and finding Fibonacci Retracement […]
Pivot Points are a popular tool used by day traders. Pivot Points use yesterday’s price action to provide potentially important price areas today. Therefore, traders run the calculation at night or in the morning to provide themselves with the Pivot Points for the upcoming session. That makes Pivot Points a “predictive” indicator, similar to Fibonacci […]
We all know forex pairs aren’t equal in performance. Some greatly outperform others, while others do almost nothing, and yet others just seem to keep falling no matter what. The greatest trading opportunities lie in those forex pairs with the strongest trends (up or down). This is because it is easy to choose the direction […]
Most traders feel extremely “screwed” when in the final seconds of their trade they go from in-the-money to out-of-the-money. Seconds later, after the trade is expired (or stopped out)–and you lost money–the trade is right back in-the-money. In traditional markets this is equivalent to getting high-ticked or low-ticked, which is when a stop-loss is triggered […]
When you are starting out trading forex pairs, whether it be in the spot market or using binary options, there is a lot of basic information required. Many traders skip over this basic information, and instead seek out strategies immediately. The forex market is open 24-hours a day because banks/businesses are open at different times […]
Most traders have a default timeframe they trade off. Maybe it is the 1-minute chart, 5-minute chart, or the hourly chart. Sometimes there just aren’t good opportunities on the chart we are looking at though, even if we trade multiple instruments. In times like this you may want to look for good opportunities on other […]
This is one of my favorite patterns; it is easy to spot and relatively easy to trade. All that is required is a bit of patience, and an eye for spotting the pattern. The pattern occurs quite often, but we only want to trade very strong patterns, as they offer the most promise. The Set-Up […]