One of the most high probability trades occurs when a strong reversal is in effect. Few people are even aware the trend has changed direction, but as they realize it, it often creates another strong surge in price. If you know what to look for, you can get in before the crowd and ride the […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. …(and a brief discussion about Fibonacci retracements for binary options trading) I would like to cover a recent spot Forex trade […]
Trying to pick tops and bottoms is taboo in the financial industry. News anchors, columnists and even many text books tell you not to do it. I agree and disagree. The reason picking tops and bottoms can be dangerous is that often there isn’t any sort of strategy; the trader just “thinks” a top or […]
I think it is a given that most free binary options signal service providers are really an affiliate marketing scheme. There really is no other reason for an SSP to provide free signals unless they want you to buy something, sign up with one of their recommended brokers or harass your friends into joining. Websites […]
Support and resistance are words that get tossed around a lot, and traders and analysts will mark up their charts with all sorts of supposed support and resistance levels, but most of these levels really have minimal impact on the price. Understanding what an important support or resistance level is can help you isolate better […]
The following ABC trading strategy isolates turning points, as well as gets you into trending trades. The trade setup is quite simple, yet highly effective, and with a little practice you’ll see the pattern often. It can be used on any time frame, and takes advantage of the natural tendency of markets to move in […]
Just a couple trades today during the early US session. There was a lot more opportunity but there is always another day. With it being an FOMC day, as the day progresses toward the announcement volatility usually tapers off and then explodes after the announcement. Therefore, I prefer to get in early on a couple […]
You have a plan of attack for the market, called your trading plan, and it should lay out the strategies you’ll use, how you’ll manage your money, position size as well as some rules and guidelines for your trading. But no two days are exactly alike, while we do our best to prepare, there may […]
The head and shoulders is one of a group of patterns typically considered trend reversal chart patterns. If you look closely though, the head and shoulders can also act as a continuation. There are some subtle differences between the continuation and reversal, which may just help you find some great trades, and avoid some bad […]
Trend trading seems like it should be easy, but when you’re first learning about trends your trades will likely end up on the wrong side of a lot of them. This is usually a result of not fully understanding the nature of trends, and the common mistake of trading against the trend because you think […]