Why Do Candlestick Patterns Work? Learn To Trade Price Action

Price action and candlesticks are a powerful trading concept and even research has confirmed that some candlestick patterns have a high predictive value and can produce positive returns. Especially interesting is a research paper by Gaginalp and Laurent in which they showed that the candlestick patterns: Three White Soldiers, Three Black Crows and Three Inside […]

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Trading as a business – my step by step guide

You have all probably heard that you need to treat trading as a business if you want to be successful. But what does this actually mean? Instead of letting it be just another meaningless phrase, let’s take a deeper look to fully understand it. The ideas behind “treating trading like a business” are very important […]

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Using Multiple Trendlines to Identify Better Trades

It’s somewhat problematic, however, to be continually checking back and forth across half a dozen time frames looking for multiple trendline convergence.  It’s just a lot of work, one of those things that you just naturally start to wish could somehow be automatically indicated to you.  Plus, it’s easy to miss something, looking at multiple indicators on several different charts.

Trading The Bull Trap – Eliminating Losing Traders

How often did you experience a situation where a trade looked so obvious but then immediately reversed on you and you had to realize that you were, once again, entering at a very wrrong spot? A bull trap occurs when traders take a long position and then have price reverse and move lower very sharply. […]

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Bollinger Bands ® Explained – The Best Trading Indicator

Bollinger Bands ® are among the most reliable and potent trading indicators traders can choose from. They can be used to read the trend strength, to time entries during range markets and to find potential market tops. The indicator is also not a lagging indicator because it always adjusts to price action in real time […]

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Currency Correlations and Using them to your Advantage

There’s a buzz around the forex world at the moment in regard to correlations between currency pairs and how you can use them to your advantage in your trading. While I haven’t personally downloaded or read any of the “secret” reports on this subject, I thought it might be useful to discuss this topic and to give some examples of how I use currency correlations in my own trading…

How To Trade A Divergence – A Step By Step Trading Guide

Divergences are one of my favorite trading concepts because they offer very reliable high-quality trading signals when combined with other trading tools and concepts. Although indicators are somewhat lagging – just like price action is lagging too – when it comes to divergences, this lagging feature is actually going to help us find better and […]

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Forex Outlook, USD Strength, Higher Yields, Crypto Charts & More

For me, following the different markets and asset classes is like a huge puzzle that is always changing infront of your eyes. Today, I took a few minutes to go over some charts, share my thought process and explain how I set up my trading environment. Here are some of the key points and themes: […]

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Are You A FOMO Trader? The Fear Of Missing Out

FOMO – the Fear Of Missing Out – is a daily enemy for all traders and FOMO is influencing our decision-making as traders on many levels. From making us jump into trades too early without confirmation, to closing winning trades too soon when we don’t want to give back profits, to risking too much because […]

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Trading cryptocurrencies. Does technical analysis work for cryptocurrencies? My take on trading cryptos

Please make sure to read my foreword before proceeding and also read the full article before establishing an opinion about this article. This article is my personal opinion and it’s not intended to be seen as any type of investment advice. It is purely for entertainment purposes. Trading any financial market is inherently risky and […]

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