J. Welles Wilder developed the tool that he called the Relative Strength Index or RSI. The purpose of his tool is to try to determine the relative strength of the market at any given time. Using this...
The Stochastic Indicator is a favourite among newer traders because it is one of the first tools that they are taught how to use, and because it is so easy to understand. People really appreciate it when...
The Parabolic SAR indicator is a trend-finding tool. Learning how to figure out when the trend in an asset ends is critically important to know what to do next. The Parabolic SAR tool helps traders fnd where...
Another day, another indicator. This time, we want to look at how to use the MACD indicator to see what it is all about and how it might come in handy as you are trading. If you...
How to Use Bollinger Bands Those who trade will need to use a variety of tools to get their trading off the ground and working for them. One of the tools to include in any toolbox is...
I was asked the following question, I have seen you use the term “liquidating market” and my question is how do you define it and how do you trade it? What is a liquidating market? A liquidating...
Pivot points don’t hold on forever. There comes a time when the market moves beyond the pivot points that you see, just like the market moves past resistance and support points at times as well. This is...
How to Calculate Pivot Points? Pivot points are calculated by taking the previous session’s open, close, high, and low points. This is a little confusing for some people because they know that the market is a 24-hour...
As I noted in Forex Trading: Seeking the Path of Least Resistance – A Common Sense Way ti Trade The forex market is on a constant search for the path of least resistance, whether it be on the...
An Introduction to Pivot Points in Trading Professional traders who are interested in discovering where a currency pair is likely to pivot from its current trajectory and head in another direction often use what is known as...
This is an important tip as it is easy to fall victim to it and harder to avoid. This is a trap almost all traders have fallen into at one time or another. I know when I...
Knowing your chart patterns in trading is important, but there are a lot of them! It can feel a little overwhelming at first as you try to work your way through fguring out which patterns you really...