Philip Nel started a thread at ForexFactory forum discussing the 4-hour MACD Forex Trading Strategy. It is an impressive forum thread. It began in 2007 and it is still active now. (It has 1338 pages and growing.) This trading strategy focuses on finding patterns (for e.g. double top and head and shoulders) on the MACD […]
Archives for January 2014
3 Day Trading Books To Get You Started Fast
Taking the first step is crucial for any form of success in any field. While there are many online day trading articles for beginners, nothing beats a well-organized and concise book for some structure to kick-start your learning. Working your way through a day trading book for beginners is the best way to get started fast. I […]
Three-Bar Inside Bar on HD Daily
HD Big Picture – Three-Bar Inside Bar HD has been bullish for a long period. The bull trend line is holding up. Recently, HD had deeper pullbacks which led to the trading range. The first break-out above the trading range was rejected strongly. However, price soon broke out again and is currently pulling back to test the […]
NR7 Trading Strategy
The quiet period before the next explosive market move is like the calm before the storm. NR7 helps us to find the calm so that we can prepare and profit from the impending storm. NR7 means narrow bar 7. It is a bar that has a smaller range than the six bars before it. It […]
6 Effective Ways to Learn Day Trading
Day trading has very low barriers to entry. Anyone can start to learn day trading. The question is: Are you learning day trading effectively? Follow these 6 ways actively to make the most out of your day trading learning experience. You will save time and money. You will also gain new trading mentors and buddies. […]
Evening Star Candlestick on EXC Daily
EXC Big Picture Exelon Corporation (EXC) is in a downwards trend. The downwards sloping trend line shows the bear trend holding up. The major swing pivots worked well to resist bullish price movements. EXC Small Picture – Evening Star with Moving Average This is a close-up daily chart of EXC. The orange line is the […]
