How to Measure the Strength of a Breakout
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 potentially make off of it. However, if that same breakout seems to be mild, you may want to […]
Why You Should Look at Multiple Time Frames
Use multiple timeframes to get the bigger picture and zoom in a bit. Period. You should be mashing up the various timeframes that you use to make your best trades. You need to take a look not only at your preferred trading timeframe but also at the best way to move in and out of […]
3 Ways to Identify Reversals in Trading
Understanding when you are looking at a retracement or a reversal is a very important skill to have when you are working out how you will become a profitable trader. The fact remains that most people set themselves up in a bad place if they don’t have this basic skill down pat. So, we wanted […]
4 Key Single Candlestick Patterns in Trading
Since you’re familiar with important fundamental candlestick patterns like spinning tops, marubozus, and dojis, let’s cover some key single candlestick patterns. The following four single candlestick patterns often signal a potential market reversal. Single Candlestick Patterns: The Hammer and the Hanging Man The first of the single candlestick patterns we’ll discuss is the Hanging Man […]
How to Use Fibonacci Retracements in Trading
Fibonacci retracements are horizontal lines where there is potential support or resistance in a currency pair. These are drawn by the trader themselves, and they are meant to be used to discover where they may be price points that are worth taking a look at. It should be understood that Fibonacci lines tend to work […]
How to Use the MACD Indicator
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 feel that your trading is lacking some indicators and tools that might be of use to you, then […]