The Fibonacci Long Bar Method is a style of trading with Fibonacci Retracements that I have developed over the years. This method focuses on day and day to day trading utilizing retracement levels following a sharp single day rally or decline. This method is not suitable for everyday use but is quite handy at pinpointing […]
When I started my trading career in 2005, I was hired by a firm to trade their capital. Needless to say they didn’t just give me a few million and let me trade my heart out. The opposite occurred. I was allowed to trade only the absolute smallest position possible. Since I was trading the […]
If you trade stocks or stock indices (or related products) here are two very simple indicators which will help you decide in which direction you should be trading. Open Price Indicator: Current price – Open price The Open Price Indicator (OPI) is a simple calculation that lets you know whether buyers or sellers are stronger […]
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. Hello! I am very happy to return back to my blog for at least these next couple months. For those who […]
Fibonacci Retracements are one of my favorite trading tools and vital to my day trading performance. The levels predicted by the Fibonacci tool are remarkably accurate and provide a great number of trading opportunities for me in my day to day routine. The thing is, Retracements are best used when dissecting a pronounced trend or […]
Believe it or not most of binary options trading is based on technical analysis. Technical analysis is the study and measure of historical price action of a financial product in order to make a prediction about its future performance. All the articles and all the strategies about trading binary options touch on technical analysis if […]
For the past decade, every day before I start trading I check the economic calender…except today. I predominantly trade forex so I check out the global economic calendar on DailyFX. Since I trade a wide array of pairs I need to know what major news releases are due out in all the major markets–AUD, CAD, […]
In this article we’ll look at uptrend reversals (into downtrends); this is a follow up article to Simple Trend Reversals Strategy – Downtrend to Uptrend, which looked at downtrend reversals. Trading in the middle of a trend is fine, but trading near a reversal provides a way to jump in on moves as momentum is […]
The RSI is a versatile indicator, and can be used to provide entry signals during a trend. To get the signals a moving average is applied to the RSI. This is easily done on free charting platforms provided by brands below. Just add the RSI to your chart, click on the drop-down menu next to […]
While trading in the middle of a trend is fine, trading near the reversal provides a way to jump in on moves just as momentum is building. This often means a high probability trade because those who were betting on the old trend continuing are forced out of their positions, resulting in a surge in […]