A 5-wave trend can be reversed by a 3-wave countertrend that is full of corrective wave patterns in Elliott Wave Theory. The Elliott Wave Theory is generally applied to bull markets, but it may prove useful...
What does it mean to fade the breakout? This is the type of trade that one can make when they trade in the opposite direction of the breakout — or trading the FALSE breakout. You would always...
How do you detect fakeouts in trading? Wouldn’t you like to have some way of knowing that what you are viewing in the market could reasonably be defined as a fakeout? That is to say, a breakout...
6. What Triggers an Exit? “Know when to hold em’ and know when to fold em’” as they say in poker. You also need a great exit strategy when you enter into a trade as well. You need...
You probably want to know about the strength of a breakout move before you decide if you are going to trade into that breakout or not. After all, the stronger the breakout, the more that you can...
Regular divergence is used by traders to identify signs of a possible trend reversal. You will note that you can have either a bullish or bearish divergence, and you should be adept at spotting either one. ...
Trading can be a great way to earn income through profits, but it’s important to remember that it’s a risky business. That’s why it’s important to design your system and test it before you start trading with...
In this article, we are going to show you the very basics of how to create your very own mechanical trading system. Mechanical trading systems are rules-based systems that generate trade signals for you to take. This...
Combining various indicators to get the best results when trading is obviously in your best interest. You don’t want to rely on a single indicator as this is prone to error when you look only at the...
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...
5 Pip trades When we talk about idea – strategy to trade for cca 5 pips profit per trade, I have to say that it is Real. I have been trading that way in last 10 years constantly...