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Today I’m going to show you step-by-step how to trade the head and shoulders pattern. In fact, I even traded several of the examples you’re about to see. And I should point something out: This is not a guide for the advanced traders only. I’m a big believer in keeping things simple. So whether you’re […]Continue Reading
Finding the right Forex strategy is tough. Where do you start? How do you know when you’ve found the right one? Considering the thousands of trading strategies in the world, the answers to these questions are difficult to pin down. It only gets worse when you add the endless number of technical indicators. But it […]Continue Reading
Implementing a favorable risk to reward ratio single-handedly turned my trading around in 2010. It made me realize that having a high win rate isn’t so important after all. In fact, it’s rather meaningless. However, most Forex traders are so preoccupied with finding a profitable strategy that they forget about the importance of a favorable […]Continue Reading
Technical indicators are no doubt a favorite topic in the financial markets. They can range from a simple moving average to a complex array of algorithms. It doesn’t matter whether you’re trading stocks, commodities, futures or any other market; technical indicators are a common theme. Useful? Well, that’s another matter entirely. But of all the […]Continue Reading
Last Updated November 11, 2016 There is a special section in every good price action trader’s toolbox reserved for Forex candlestick patterns, and for good reason. Aside from technical chart patterns such as the head and shoulders or bull and bear flags, these candlesticks can offer you a chance to understand the sentiment that’s driving […]Continue Reading