Stock market health remains poor, as discussed in the most recent Market Health Update on May 15. That said, I still run scans every couple of weeks to see what types of stocks are setting up and how they perform...
Many forex brokers offer trading via Contract for Difference (CFD) in oil, gold, the S&P 500, Dow Jones Indexes, and other commodities and financial products. These are based on futures contracts and don’t trade like currencies. These other products can...
Nothing has changed since last week. The market indices remain near their recent lows. The market health indicators are in poor shape for swing trading on the long side. I’m taking this time for myself and sitting on the sidelines...
The following is the weekly review for the forex strategies covered in the EURUSD Day Trading Course. Below are the charts highlighting the patterns that occurred during the week, as well as comments on the price action of the day and...
A Renko chart forms bricks of a certain size, and only forms a new brick once the price moves that amount. This helps filter out price noise, shows the dominant trend, and can be used as a trailing stop loss....
As a professional day trader since 2005, I spend 0.5 to 2 hours per day taking day trades. My trades last several minutes each, and I take on average 3 to 10 trades per day in that 2-hour period. Assume...
Moving averages are a tool used by traders and investors for making trading decisions and analyzing price charts. Like any tool, it is how it is used that determines its usefulness. This article looks at ways moving averages are used...
A trading plan is a document we create for ourselves that outlines exactly how we will trade and operate in relation to our trading activities. Having a trading plan, and following it, builds consistency and allows for improvement over time....
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