Good Day Traders, In this article I am going to continue with the volume and price action combination with some good examples and some explanation about volume indicators and the volume indicator which I use. First of all, I use a VSA indicator for reading the volume. It’s not like the classic volume indicator in […]
Wednesday (June 26) was a bit of a strange trading day, as no pure support and resistance trades set up very well. I started watching the EUR/USD just after 4AM and it was tough to get a general feel for the market. There would be some choppiness and indecision in the market, only for a […]
Good Day Traders, In this article I am going to make an introduction to the combination of volume and price action. Many traders ignore the changes in volume while they trading maybe because they don’t know its worth or maybe it’s a little bit difficult to understand it. I believe that a combination of the […]
Hi everyone, In this article I will explain you what divergence is and how to trade it. For trading divergences we need only Price Action and one indicator. The indicator might be an oscillator like the RSI or the stochastic, might be a momentum indicator like CCI or the Momentum or finally you can trade […]
Whether you trade binary options, forex, stocks or commodities there is a load of information passed off as truth, and accepted by traders, but which is actually total bull. Here are some market myths circulating around the financial industry…and the real story behind them. Myth: Complex is Good No, simplicity is good. Complex strategies and […]
Good Day everyone, In this article I will share with you my trades and I am going to discuss the impact of the news to the price. First of all, take a look in my results. As you can see I had one ITM trade and one OTM trade. The OTM trade is because of […]
Good Day everyone, In this article I will share with you my today trades and setups and I will explain you why is important to analyze multiple timeframes before take your trades. For today, I had a 2/2 ITM performance with a 105$ Net Profit. Here are my trades. Let’s go to the first screen […]
I’ve been a bit busy this week, so I haven’t traded since Monday and took just one trade today. I had three main levels that I was eyeing for trades today: the pivot level (purple line – 1.33467), the support 1 level (yellow line – 1.33039), and the 23.6% Fibonacci retracement that I have drawn […]
In my recent blog posts I’ve been doing a lot of trade analysis, going over my daily trades and explaining the thought process that went into each one. But quite honestly, the reason why many traders have issues becoming consistently profitable is not so much about finding an effective strategy (although it’s immensely important) as […]
June 10, 2013 My first trade on Monday was a put option on the 2:10 candle. There had been some minor congestion at the 1.3200 level earlier in the morning, but nothing major. My trade was mainly based off the whole number of 1.32. I’ve found that more often than not, trades at whole numbers […]